Posted October 26, 2017

Praxair sales up 8 percent

Praxair’s sales in the third quarter were $2.92 billion, 8 percent above the prior-year quarter.

After adjusting for positive currency translation and cost pass-through, sales grew 6 percent, driven by higher volumes across all geographic segments including new project start-ups, growth in all end-markets, and price attainment.

Net income of $419 million, or $1.45 per share, compared to income of $339 million, or $1.18, in the same quarter last year.

In North America, third-quarter sales were $1.5 billion, 4 percent above the prior-year quarter excluding cost-pass through and currency translation. Sales growth was driven mainly by stronger volumes to the electronics, aerospace, metals and food & beverage end-markets and higher price.