Industrial gases provider Praxair, Inc., Danbury, CT, reported third quarter profit of $355 million, an increase of 16% over the third quarter of 2007. Sales were $2.9 billion, up 20% from the prior-year quarter.
Year-to-date, the company reported sales of $8.4 billion, up 22% from the same period a year ago. Profit improved 17.4% to $1 billion.
Praxair achieved strong sales growth in every geographic region, led by South America and Asia.
In North America, third-quarter sales were $1.6 billion, 19% above the prior year. Excluding the effect of higher natural gas prices passed through to customers in hydrogen prices, sales growth was 14%. Acquisitions of U.S. packaged gas distributors contributed 4% to sales growth.
In Europe, sales …
Praxair Sales Increase 16%
Industrial gases provider Praxair, Inc., Danbury, CT, reported third quarter profit of $355 million, an increase of 16% over the third quarter of 2007. Sales were $2.9 billion, up 20% from the prior-year quarter.
Year-to-date, the company reported sales of $8.4 billion, up 22% from the same period a year ago. Profit improved 17.4% to $1 billion.
Praxair achieved strong sales growth in every geographic region, led by South America and Asia.
In North America, third-quarter sales were $1.6 billion, 19% above the prior year. Excluding the effect of higher natural gas prices passed through to customers in hydrogen prices, sales growth was 14%. Acquisitions of U.S. packaged gas distributors contributed 4% to sales growth.
In Europe, sales …
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- Filed In: Companies, Free, Gases & Welding Equipment, News, Subscriber Only, Top Distributor Sectors
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