Praxair reports Q1 growth


Industrial gas supplier Praxair Inc. has reported rises in first-quarter earnings, fuelled by strong volume growth in all its major end markets.

Net income rose to $265m, or 81 cents a share, from $225m, or 68 cents a share, a year earlier.

Sales in the quarter rose 7 percent to $2.18 billion, from $2.03 billion a year ago and further growth is predicted. Praxair say second quarter earnings should be in the range of 83 cents to 87 cents a share.

The company expects full-year capital expenditures to be in the range of $1.1 billion to $1.2 billion.

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