Praxair reports record third-quarter results


Praxair, Inc. has reported its third quarter 2008 results and recorded net income of $355m for the period, a sharp growth of 16% compared to its respective results in the previous year.

The net income and diluted earnings per share of $1.11 in the third quarter, compared to $305m and 94 cents, respectively in 2007.

Praxair declared third quarter sales of $2.852m, a rise of 20% from $2.372m in the same quarter last year, while the company achieved strong sales growth in every geographic region – led by South America and Asia.

Operating profit stood at a record $544m, 18% above the comparable quarter in 2007 and driven by higher pricing and volume growth.

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