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Last $114.14 USD
Change Today -0.13 / -0.11%
Volume 2.2M
PX On Other Exchanges
Symbol
Exchange
New York
Munich
As of 4:15 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

praxair inc (PX) Snapshot

Open
$114.44
Previous Close
$114.27
Day High
$114.79
Day Low
$113.62
52 Week High
09/19/14 - $134.06
52 Week Low
07/27/15 - $111.54
Market Cap
32.7B
Average Volume 10 Days
1.6M
EPS TTM
$6.02
Shares Outstanding
286.5M
EX-Date
09/3/15
P/E TM
19.0x
Dividend
$2.86
Dividend Yield
2.39%
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 US ...
Total Annual Compensation: $575.0K
Executive Vice President
Total Annual Compensation: $552.5K
Compensation as of Fiscal Year 2014.

praxair inc (PX) Key Developments

Praxair Inc. Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Year of 2015

Praxair Inc. reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income of $308 million, or $1.06 per diluted share compared to $467 million, or $1.58 per diluted share, sales of $2,738 million compared to $3,113 million, operating profit of $480 million compared to $697 million, income before income taxes and equity investments of $440 million compared to $654 million, net cash provided by operating activities of $707 million compared to $847 million, capital expenditures of $352 million compared to $384 for the last year. The company reported adjusted operating profit of $626 million compared to $697 million, adjusted net income of $420 million or $1.45 per diluted share compared to $467 million or $1.58 per diluted share, adjusted EBITDA of $914 million compared to $1,000 and free cash flow of $355 million compared to $463 million for the last year. Net debt as at June 30, 2015 was $9,211 million compared to $8,992 million as at June 30, 2014. For the six months, the company reported net income of $724 million, or $2.49 per diluted share compared to $915 million, or $3.08 per diluted share, sales of $5,495 million compared to $6,139 million, operating profit of $1,103 million compared to $1,372 million, income before income taxes and equity investments of $1,019 million compared to $1,283 million, net cash provided by operating activities of $1,215 million compared to $1,383 million, capital expenditures of $749 million compared to $777 for the last year. Adjusted operating profit was $1,249 million, adjusted net income of $836 million or $2.88 per share. The company provided earnings guidance for the third quarter and year of 2015. For the quarter, the company expected adjusted diluted EPS in the range of $1.42 to $1.49. For the year, the company expected adjusted diluted EPS in the range of $5.80 to $5.95.

Praxair Inc. Declares Quarterly Dividend in Third Quarter 2015, Payable on September 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 September 15, 2015 to shareholders of record on September 8, 2015.

Praxair Inc. Announces the Introduction of its Patented OPTIMELTTM thermochemical Regenerator System

Praxair Inc. announced the introduction of its patented OPTIMELTTM thermochemical regenerator system. The company’s technology productively recovers waste energy from furnace flue gases, reducing emissions and improving the energy efficiency of glass production. Through the process, incoming natural gas is heated and reacted with a portion of waste flue gas to produce a hot syngas fuel that captures both the heat and chemical potential of the waste stream. This process can result in a reduction in fuel consumption of up to 20% compared to oxy-fuel glass furnaces and as high as 30% when compared to air-fuel furnaces. In addition to increased productivity, reduced emissions and fuel savings, the OPTIMELT system delivers operational benefits that help ensure production of high-quality glass. The OPTIMELT system equipment is custom designed by Praxair and can be installed with new furnaces or retrofitted to existing facilities. Praxair’s OPTIMELT system is being made available market-wide for glass melting furnaces and has been proven on a commercial scale in a glass-melting furnace at Grupo Pavisa in Mexico.

 

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