Business Intelligence Financial – Praxair – Q1 2016


gasworld Business Intelligence provides you with the latest analysis of Praxair’s Q1 2016 earnings reports.

  • Q1 reported corporate sales down -9% YoY and -3% sequentially, at $2.51bn.
  • Total sales down -1% YoY, excluding currency and energy cost pass-through.
  • Q1 corporate operating profit down -11% YoY and by similar rate sequentially – down -4% excluding currency impact.
  • Operating margin fell to 22% in Q1, and was 50 basis points (bp) down on previous year.
  • EBITDA margin also down sequentially at 33% of sales – however, this is above the previous year.

  • Still highest operating and EBITDA margins in industry.
  • Reported ROE at nearly 35% – up 500bp YoY.
  • EPS down -10% YoY.
  • 2016 expectations for EPS growth virtually unchanged at -2% to 4%, excluding currency.

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