Praxair Q1 2018 sales growth reflects market recovery


Praxair, Inc. has reported Q1 net income of $462m and diluted earnings per share of $1.59. Adjusted net income was $480m and diluted earnings per share was $1.65, up 22% and 20% respectively versus prior year.

Praxair’s sales in the first quarter were $2,999m, 10% above the prior-year quarter. After adjusting for positive currency translation, sales grew 7%, driven by price attainment and higher volumes across all segments and end-markets.

First quarter reported operating profit was $653m, 15% above the prior-year quarter. Excluding transaction and other costs, adjusted operating profit was $672m, 17% above prior-year quarter. For the first quarter, EBITDA margin was 32.6% and adjusted EBITDA margin was 33.3%.

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