gasworld Business Intelligence provides you with the latest analysis of Praxair’s Q1 2016 earnings reports.
- Q1 reported corporate sales down -9% YoY and -3% sequentially, at $2.51bn.
- Total sales down -1% YoY, excluding currency and energy cost pass-through.
- Q1 corporate operating profit down -11% YoY and by similar rate sequentially – down -4% excluding currency impact.
- Operating margin fell to 22% in Q1, and was 50 basis points (bp) down on previous year.
- EBITDA margin also down sequentially at 33% of sales – however, this is above the previous year.
- Still highest operating and EBITDA margins in industry.
- Reported ROE at nearly 35% – up 500bp YoY.
- EPS down -10% YoY.
- 2016 expectations for EPS growth virtually unchanged at -2% to 4%, excluding currency.
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