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Last $122.31 USD
Change Today +0.04 / 0.03%
Volume 128.7K
PX On Other Exchanges
Symbol
Exchange
New York
As of 10:32 AM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

praxair inc (PX) Snapshot

Open
$122.48
Previous Close
$122.27
Day High
$122.83
Day Low
$122.06
52 Week High
06/9/14 - $134.84
52 Week Low
10/15/14 - $117.32
Market Cap
35.3B
Average Volume 10 Days
1.6M
EPS TTM
$6.15
Shares Outstanding
288.3M
EX-Date
06/3/15
P/E TM
19.9x
Dividend
$2.86
Dividend Yield
2.18%
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. The company was founded in 1907 and is headquartered in Danbury, Connecticut.

27,780 Employees
Last Reported Date: 02/27/15
Founded in 1907

praxair inc (PX) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.3M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $500.0K
Executive Vice President and President of Nor...
Total Annual Compensation: $552.5K
Executive Vice President
Total Annual Compensation: $575.0K
Compensation as of Fiscal Year 2014.

praxair inc (PX) Key Developments

Praxair Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2015 ; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

Praxair Inc. announced unaudited consolidated earnings results for first quarter ended March 31, 2015. For the quarter, the company reported sales of $2,757 million, operating profit of $623 million, income before income taxes and equity investments of $579 million, net income attributable to company of $416 million or $1.43 per diluted share, net cash provided by operating activities of $508 million, capital expenditures of $397 million, adjusted EBITDA of $911 million, adjusted operating profit of $623 million, adjusted net income of $416 million or $1.43 per diluted share, net debt of $9,279 million compared to the sales of $3,026 million, operating profit of $675 million, income before income taxes and equity investments of $629 million, net income attributable to company of $448 million or $1.51 per diluted share, net cash provided by operating activities of $536 million, capital expenditures of $393 million, adjusted EBITDA of $969 million, adjusted operating profit of $675 million, adjusted net income of $448 million or $1.51 per diluted share, net debt of $9,126 million for the same quarter a year ago. Return on shareholders equity was 29.6% compared to the 28.7% for the same quarter year ago. The company attributed the fall in net income and sales to the strengthening of the US dollar against all major currencies during the past months. Without taking into account the negative currency effect, the company said organic sales had grown 1% on the back of higher prices. For full-year 2015, the company expected sales in the range of $11.4 billion to $11.7 billion. This sales guidance assumes a negative currency impact of approximately 10% versus 2014. The company expected diluted earnings per share to be in the range of $5.90 to $6.15, up 4% to 8% ex-currency from 2014. Full-year capital expenditures are expected to be approximately $1.6 billion and the effective tax rate is forecasted to remain at approximately 28%. For the second quarter of 2015, the company expected diluted earnings per share in the range of $1.40 to $1.48. This EPS guidance assumes a negative currency translation impact of approximately 11% year-over-year and 2% sequentially.

Praxair, Inc. Declares Quarterly Dividend, Payable on June 15, 2015

The board of directors of Praxair Inc. has declared a quarterly dividend of 71.5 cents per share, unchanged from the previous quarter. The dividend is payable on June 15, 2015 to shareholders of record on June 5, 2015.

Praxair, Inc. Signs Long-Term Contract to Provide Industrial Gases to the China National Offshore Oil Company

Praxair Inc. announced that it has signed a long-term contract to provide industrial gases to the China National Offshore Oil Company. The project, expected to start up in 2017, will enable the reliable and efficient supply of industrial gases for CNOOC’s refinery and downstream chemical production. Praxair will build, own and operate two 2,400 tons per day air separation plants in the Huizhou Daya Bay Chemical Industrial Park, located in Huizhou, Guangdong, China. Praxair’s product line plants will provide oxygen and nitrogen to CNOOC to support the company’s refinery expansion from 250,000 to 460,000 barrels of oil per day. Praxair currently serves other customers in the Park including the existing CNOOC refinery and the CNOOC and Shell petrochemical complex. This investment will further position the company to supply new customers in the Park via pipeline.

 

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Price/Earnings 21.7x
Price/Sales 3.0x
Price/Book 7.1x
Price/Cash Flow 12.5x
TEV/Sales 2.1x
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