Praxair, Inc. has once again seen sales increase across all geographic regions, with fourth quarter 2010 and full-year 2010 financial results bringing cheer to the company.
In terms of the fourth quarter results, sales were seen to be increasing largely due to the electronics, manufacturing, energy and metals markets.
Praxair reported fourth-quarter net income and diluted earnings per share of $133m and 43 cents, respectively. These results were reduced by $255m, related primarily to the previously announced Spanish income tax settlement.
Excluding this impact, adjusted net income and diluted earnings per share were $388m and $1.25, 14% and 15% above the prior-year quarter, respectively.
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