Praxair employees deliver another strong quarter


Praxair has reported its Q3 net income and diluted earnings per share of $419m and $1.45 respectively. These results include transaction and other costs of $14m after-tax primarily related to the proposed merger with Linde AG.

Praxair’s sales in Q3 were $2,922m, 8% above the prior-year quarter. In Q4 sales grew by 6%, driven by higher volumes across all geographic segments including new project start-ups, growth in all end-markets, and price attainment.

The company’s operating profit in Q3 was $626m, 26% above the prior-year quarter. Adjusted operating profit was $642m, 8% above prior-year quarter. Reported operating profit as a percentage of sales was 21.4% and adjusted operating profit as a percentage of sales was 22.0%. EBITDA margin was 32.0% and adjusted EBITDA margin was 32.6%.

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