gasworld’s Business Intelligence provides you with the latest analysis of Praxair’s Q1 2015 earnings reports.
- Q1 reported sales down -9% YoY and -8% sequentially at $2.76bn.
- Q1 operating profit down -6% YoY and -2% sequentially.
- Sales +1% and operating income up +6%, excluding currency and energy cost pass-through.
- Operating margin at 22.6% in Q1 was 30 basis points up on previous year.
- Still highest operating and EBITDA margins in industry.
- EBITDA margin up to 33% of sales.
- ROE at nearly 30% – up 90 basis YoY.
- 2015 expectations – underlying sales range down to +3% to +5% excluding currency, with EPS growth slowed to +4-8% excluding currency.
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