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People & Business :: Companies

Praxair's Third-Quarter Profits Fall

Earnings Improve Sequentially

4:35 AM MDT | October 28, 2009 | Kerri Walsh

 Praxair reported third-quarter net income down 10%, to $318 million ($1.02/share), excluding a $7-million tax benefit, on sales down 20%, to $2.3 billion. Sales rose 7% sequentially. Operating profit excluding special items fell 12%, to $480 million. Profits increased 7% from the second quarter, Praxair says. "Business conditions stabilized globally during the quarter," says chairman and CEO Steve Angel. "Our base business volumes improved from the second quarter in all our geographic regions. The strongest pick-up was in Asia and South...

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