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People & Business :: Earnings/Finance
Praxair Income Rises 16%; Raises Full-Year EPS Guidance
10:38 AM MDT | July 27, 2011 | Vincent Valk
Praxair reported net income of $425 million in the second-quarter, up 15% from the same period last year, on sales of $2.86 billion, up 13%. Earnings totaled $1.38/share, up 16% from last year, slightly beating analysts' estimates of $1.37/share, according to Thomson One. Sales rose in all regions, with particular growth in the manufacturing, metals and chemicals markets, and rose 6% from the first-quarter due to higher volumes and selling prices. Adjusted EBITDA totaled $892 million in the second-quarter, up 12% from the same period last year. Operating...
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