Last $130.49 USD
Change Today -0.055 / -0.04%
Volume 455.9K
PX On Other Exchanges
Symbol
Exchange
New York
Munich
As of 2:26 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

praxair inc (PX) Snapshot

Open
$130.63
Previous Close
$130.54
Day High
$131.26
Day Low
$130.20
52 Week High
03/12/14 - $135.24
52 Week Low
08/28/13 - $115.79
Market Cap
38.1B
Average Volume 10 Days
1.1M
EPS TTM
$6.13
Shares Outstanding
292.0M
EX-Date
09/4/14
P/E TM
21.3x
Dividend
$2.60
Dividend Yield
1.92%
Current Stock Chart for PRAXAIR INC (PX)

praxair inc (PX) Related Businessweek News

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praxair inc (PX) Details

Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. The company offers atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs, engineers, and builds equipment that produces industrial gases; and manufactures precious metal and ceramic sputtering targets used primarily in the production of semiconductors. In addition, the company supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders to the aircraft, energy, printing, primary metals, petrochemical, textile, and other industries. Further, it provides electric arc, plasma, and high-velocity oxy-fuel equipment; and distributes hardgoods and welding equipment purchased from independent manufacturers. The company sells its products primarily through independent distributors. It serves various industries, such as healthcare, petroleum refining, computer-chip manufacturing, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, and water treatment industries. The company was founded in 1907 and is headquartered in Danbury, Connecticut.

27,560 Employees
Last Reported Date: 02/25/14
Founded in 1907

praxair inc (PX) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.2M
Executive Vice President and President of Nor...
Total Annual Compensation: $522.5K
Executive Vice President
Total Annual Compensation: $556.5K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $516.3K
Compensation as of Fiscal Year 2013.

praxair inc (PX) Key Developments

Praxair Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

Praxair Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales of $3,113 million against $3,014 million for the same period a year ago. Operating profit was $697 million compared to $665 million last year. Income before income taxes and equity investments was $654 million against $624 million last year. Net income (including non-controlling interests) was $481 million compared to $461 million last year. Net income attributable to the company was $467 million or $1.58 per diluted share against $445 million or $1.49 per diluted share last year. Net cash provided by operating activities of $847 million against $577 million last year. Capital expenditures were $384 million against $522 million last year. Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) were $1,000 million against $951 million a year ago. Adjusted net operating profit after-tax (NOPAT) was $512 million against $491 million a year ago. Excluding negative currency translation impacts, operating profit rose 7% primarily driven by higher pricing and productivity gains. Return on shareholder’s equity was 28.3% against 28.4% a year ago. After-tax return on capital (ROC) was 12.6% compared to 13.0% last year. Net debt was $8,992 million as on June 30, 2014 against $9,004 million as on June 30, 2013. Adjusted operating profit was $697 million compared to $665 million last year. Adjusted net income to the company was $467 million compared to $445 million last year. For the six months, the company reported sales of $6,139 million against $5,902 million for the same period a year ago. Operating profit was $1,372 million compared to $1,265 million last year. Income before income taxes and equity investments was $1,283 million against $1,184 million last year. Net income (including non-controlling interests) was $943 million compared to $867 million last year. Net income attributable to the company $915 million or $3.08 per diluted share against $836 million or $2.79 per diluted share last year. Net cash provided by operating activities was $1,383 million against $1,049 million last year. Capital expenditures were $777 million against $988 million last year. For the third-quarter, the company expects diluted EPS to be in the range of $1.58 to $1.65. For the full year of 2014, the company expects sales in the range of $12.4 billion to $12.7 billion. The company expects diluted earnings per share to be in the range of $6.30 to $6.45, 6% to 9% above the prior year. Full-year capital expenditures are expected to be about $1.8 billion, and the effective tax rate is forecasted to remain at about 28%.

Praxair, Inc. Declares Quarterly Dividend, Payable on September 15, 2014

The board of directors of Praxair Inc. has declared a quarterly dividend of 65 cents per share, unchanged from the previous quarter. The dividend is payable on September 15, 2014, to shareholders of record on September 8, 2014.

Praxair Seeks Acquisitions

Praxair Inc. (NYSE:PX) seeks acquisitions. "Packaged gas is consistent with what we have said before. There's still, especially in the US, a large contingency of independent district readers out there. And where the ones that make sense in the regions that we are in we will continue to pursue those acquisitions, where it makes sense. And we need to get the synergies and justify it on the synergies before we would go ahead and make that acquisition. But we have, as you know, many ways to enter into a market other than just acquisitions in our packaged business. So I think it still looks good. As you've seen, we have continued to roll up acquisitions and we are also seeing small package acquisition opportunities in places like Europe and South America as well, so those will continue. I think on the swaps that is something we are still actively interested in. So we are continually working with other potential parties to look for swap opportunities and it's just something that you need that other willing party to be able to accomplish," said Matt White, Praxair, Inc., Senior Vice President & Chief Financial Officer.

 

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