Praxair has released strong Q2 financials thanks to employees’ ability to execute the core strategy and deliver high-quality results.
The company reported Q2 net income and diluted earnings per share of $406m and $1.41, respectively. These results include transaction costs of $15m after-tax related to the potential Linde AG merger.
Praxair’s sales in Q2 were $2,834m, 6% above the prior year quarter. Excluding cost pass-through, sales grew 4%, driven by higher volumes in North America, Europe and Asia, including new project start-ups, and price attainment. Sales growth was primarily led by electronics, chemicals, metals, energy and food and beverage end markets.
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