Increased Prices and Volumes Lift Industrial Gas Earnings

industrial gases producers worldwide reported a strong first quarter, helped by higher selling prices and improved volumes. Companies benefited from high demand from the energy sector, strong electronics markets, and “solid” growth in Asia, says David Begleiter, analyst at Deutsche Bank (New York). Angel: Outlook is positive. Jones: Continued volume growth. Praxair’s net income rose 18%, to $265 million (81 cts/share), on sales up 8%, to about $2.18 billion. The consensus of analysts’ estimates as reported by First Call (Boston) was for 80...

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