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Posted July 23, 2014

Praxair sales and earnings rise

Praxair Inc. reported second-quarter net income grew by 5 percent to $467 million, or $1.58 per share.


Sales in the second quarter were $3.1 billion, 3 percent above the prior-year quarter. Organic sales grew 4 percent, driven by new project start-ups, primarily in North America and Asia, and price across all operating segments. By end-market, sales growth was strongest for metals, energy and food & beverage customers. Acquisitions contributed 1% growth in the quarter.

“Sales growth was driven by new projects in North America and Asia, as well as disciplined price execution across all of our operating segments. We grew the base business modestly in North America, Europe and Asia, but this growth was mitigated by weaker South American volumes as a result of negative industrial production in Brazil," said chairman and chief executive officer Steve Angel.

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