Praxair, Inc., Danbury, CT, reported first quarter sales of $2.6 billion, up 22% from the first quarter 2007. Profit was $307 million.
Growth came primarily from new business, plant start-ups, and strong pricing trends.
In North America, first-quarter sales reached $1.4 billion, 21% above the prior year. Sales grew in all major end markets, led by energy and general manufacturing.
In Europe, sales in the first quarter of $390 million grew 18%. Currency effects contributed 13% to sales growth. Underlying sales growth came primarily from growth in merchant and packaged gases volumes in Spain, Italy, and Germany.
In South America, first-quarter sales of $466 million grew 34% versus the prior-year quarter due to higher prices and volumes, …
Praxair Sales Rise 22% in 1Q
Praxair, Inc., Danbury, CT, reported first quarter sales of $2.6 billion, up 22% from the first quarter 2007. Profit was $307 million.
Growth came primarily from new business, plant start-ups, and strong pricing trends.
In North America, first-quarter sales reached $1.4 billion, 21% above the prior year. Sales grew in all major end markets, led by energy and general manufacturing.
In Europe, sales in the first quarter of $390 million grew 18%. Currency effects contributed 13% to sales growth. Underlying sales growth came primarily from growth in merchant and packaged gases volumes in Spain, Italy, and Germany.
In South America, first-quarter sales of $466 million grew 34% versus the prior-year quarter due to higher prices and volumes, …
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- Filed In: Companies, Free, Gases & Welding Equipment, News, Subscriber Only, Top Distributor Sectors
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