Praxair, Inc. has report a mixed set of third quarter 2016 results, summarised by fluctuating end-market trends and various macro-economic headwinds.
Strong demand was observed in resilient, non-cyclical markets such as food and beverage and healthcare in the quarter, but this was offset by persistent weakness from the manufacturing and upstream energy sectors.
Praxair reported third-quarter net income and diluted earnings per share of $339m and $1.18, respectively, results which included the impact of a $100m pre-tax charge primarily related to cost reduction actions taken in response to weaker underlying industrial activity in the Americas and Asia.
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