Praxair, Inc., Danbury, CT, reported profit of $200 million for the fourth quarter 2008, down 36.7% over fourth quarter 2007. Sales declined 4.8% to $2.4 billion.
For the full year of 2008, profit was $1.2 billion, a 2.9% improvement over 2007. Year-end sales were up 14.8% to $10.8 billion, primarily from new business, new plant start-ups and higher pricing.
Commenting on the results and business outlook, Chairman and Chief Executive Officer Steve Angel said, As we anticipated, volumes dropped dramatically in November and December as our customers in the electronics, chemicals and metals industries cut production in the face of falling commodity prices and weakening demand, said CEO Steve Angel. “Our outlook for 2009 is cautious as we expect …
Praxair 4Q Sales Drop 4.8%
Praxair, Inc., Danbury, CT, reported profit of $200 million for the fourth quarter 2008, down 36.7% over fourth quarter 2007. Sales declined 4.8% to $2.4 billion.
For the full year of 2008, profit was $1.2 billion, a 2.9% improvement over 2007. Year-end sales were up 14.8% to $10.8 billion, primarily from new business, new plant start-ups and higher pricing.
Commenting on the results and business outlook, Chairman and Chief Executive Officer Steve Angel said, As we anticipated, volumes dropped dramatically in November and December as our customers in the electronics, chemicals and metals industries cut production in the face of falling commodity prices and weakening demand, said CEO Steve Angel. “Our outlook for 2009 is cautious as we expect …
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