Last $120.59 USD
Change Today -0.86 / -0.71%
Volume 2.0M
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As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

praxair inc (PX) Snapshot

Open
$119.92
Previous Close
$121.45
Day High
$122.02
Day Low
$119.92
52 Week High
03/12/14 - $135.24
52 Week Low
10/15/14 - $117.32
Market Cap
35.1B
Average Volume 10 Days
1.6M
EPS TTM
$6.26
Shares Outstanding
291.4M
EX-Date
03/4/15
P/E TM
19.3x
Dividend
$2.86
Dividend Yield
2.16%
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.

27,780 Employees
Last Reported Date: 01/28/15
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
Advisory
Total Annual Compensation: $516.3K
Compensation as of Fiscal Year 2013.

praxair inc (PX) Key Developments

Praxair Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Praxair Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating profit of $525 million, net income of $302 million or $1.03 diluted per share on sales of $2,990 million against operating profit of $690 million, net income of $474 million or $1.59 diluted per share on sales of $3,010 million for the same period a year ago. Net cash provided by operating activities was $772 million against $964 million for the same period a year ago. Capital expenditures was $482 million against $516 million for the same period a year ago. Net debt as of December 31, 2014 was $9,132 million against $8,953 million for the same period a year ago. Adjusted operating profit was $663 million against $690 million for the same period a year ago. Adjusted net operating profit after-tax was $502 million against $506 million for the same period a year ago. Adjusted EBITDA was $966 million against $986 million for the same period a year ago. For the year, the company reported operating profit of $2,608 million, net income of $1,694 million or $5.73 diluted per share on sales of $12,273 million against operating profit of $2,625 million, net income of $1,755 million or $5.87 diluted per share on sales of $11,925 million for the same period a year ago. Net cash provided by operating activities was $2,868 million against $2,917 million for the same period a year ago. Capital expenditures were $1,689 million against $2,020 million for the same period a year ago. Adjusted operating profit was $2,746 million against $2,657 million for the same period a year ago. Adjusted net income - Praxair Inc. was $1,852 million or $6.27 diluted per share against $1,772 million or $5.93 diluted per share for the same period a year ago. For full-year 2015, Praxair expects sales in the range of $12 billion to $12.4 billion. This sales guidance assumes a negative currency impact of about 6% versus 2014. The company expects diluted earnings per share to be in the range of $6.15 to $6.50, up 5% to 11% ex-currency from 2014. Full-year capital expenditures are expected to be about $1.7 billion and the effective tax rate is forecasted to remain at about 28%. For the first quarter of 2015, Praxair expects diluted earnings per share in the range of $1.39 to $1.47. This EPS guidance assumes a negative currency impact of approximately 7% year-over-year and 4% sequentially.

Praxair, Inc. Declares Quarterly Dividend for First Quarter 2015, Payable on March 16, 2015

The board of directors of Praxair Inc. has declared a 10% increase in the company's quarterly dividend for the first quarter of 2015 to 71.5 cents per share, payable on March 16, 2015, to common shareholders of record as of March 6, 2015.

Praxair Receives $53 Million Contract

Praxair been awarded a five-year contract with a projected value of up to $53 million from NASA to supply hydrogen to space programs. The maker of industrial gases and liquid hydrogen said it will supply four NASA sites, including Stennis Space Center, Mississippi; Kennedy Space Center, Florida; Marshall Space Flight Center, Alabama; and Glenn Research Center, Ohio.

 

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