Praxair has reported record quarter results with an expectation that operating profit will grow by up to 18 per cent for the full year.
The quarterly dividend will be 18 cents per share, payable on September 15.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2004 sales of $6.6 billion.
The company has reported a record second-quarter net income of $209 million, versus $175 million earned in the second quarter of 2004. Diluted earnings per share grew 19 per cent to 63 cents, compared to 53 cents in last year’s quarter. Net income grew due to strong growth in sales and operating profit compared to the year-ago quarter.
Sales in the quarter rose 20 per cent to $1,919 million, compared to $1,603 million in the 2004 period and the operating profit of $322 million grew 18 per cent from $274 million in the second quarter of 2004.
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