Praxair, Inc. has reported fourth-quarter net income of $33m and diluted earnings per share of $0.11. These results include transaction costs of $14m after-tax related to the proposed merger with Linde AG and a net income tax charge of $394m related to the US.
The net tax charge was $1.41 of diluted earnings per share. Excluding these two items, adjusted net income was $441m and diluted earnings per share was $1.52, up 9% and 8%, respectively versus prior year.
Praxair’s sales in Q4 were $2,953m, 12% above the prior-year quarter. After adjusting for positive currency translation and cost pass-through, sales grew 8%, driven by price attainment and higher volumes across all geographic segments and end-markets.
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