Led by South America and Asia, Praxair Inc. has again reported strong sales growth in every geographic region as its second quarter results are declared and the company reflects on net income growth of 20%.
Praxair recorded second-quarter net income of $349m compared to $291m in the prior-year quarter, representing net income and earnings per share growth of 20% and 21% respectively, versus the prior-year quarter.
Sales in the second quarter totalled $2.878m, up 23% from $2.332m in the second quarter of 2007. Strong sales growth was achieved in every geographic region, led by South America and Asia.
Operating profit was a record $543m, 24% above $439m in the prior-year quarter.
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