Praxair Inc., Danbury, CT, reported second quarter sales of $2.88 billion, up 23% from the second quarter of 2007. Profits were up 20% over the prior-year period to $349 million.
Sales for the first six months ended June 30, 2008, were $5.54 billion, an increase of 23% over the first six months of 2007. Profits were $665 million, up 18%.
The company saw strong sales growth in every geographic region, led by South America and Asia.
In North America, second-quarter sales reached $1.57 billion, 22% above the prior year. Excluding the effect of higher natural gas prices passed through to customers in hydrogen prices, sales growth was 18%, led by higher sales to energy and general manufacturing markets.
In Europe, sales in the second quarter …
Praxair Sales Grow 23% in 2Q
Praxair Inc., Danbury, CT, reported second quarter sales of $2.88 billion, up 23% from the second quarter of 2007. Profits were up 20% over the prior-year period to $349 million.
Sales for the first six months ended June 30, 2008, were $5.54 billion, an increase of 23% over the first six months of 2007. Profits were $665 million, up 18%.
The company saw strong sales growth in every geographic region, led by South America and Asia.
In North America, second-quarter sales reached $1.57 billion, 22% above the prior year. Excluding the effect of higher natural gas prices passed through to customers in hydrogen prices, sales growth was 18%, led by higher sales to energy and general manufacturing markets.
In Europe, sales in the second quarter …
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