Posted April 27, 2017

Praxair sales up 9 percent

Praxair reported sales in the first quarter were $2.72 billion, 9% above the prior-year quarter.

Sales growth was primarily driven by higher volumes in North America, Europe and Asia and included new project start-ups. By end-market, sales growth was led by metals, downstream energy, chemicals and electronics.

Net income of $389 million, or $1.35 per share, compared to income of $356 million, or $1.25 per share, in the same quarter last year.

“First quarter sales grew 9% versus prior year, primarily driven by higher organic volumes across all end-markets. By geographic segment, volume growth was attained in North America, Europe and Asia, partially offset by South America due to the challenging economic environment in Brazil," said chairman and chief executive officer Steve Angel.