Despite mixed volume growth across the globe and continued slower than expected growth in many emerging markets, Praxair, Inc. has delivered ‘solid’ third quarter results and saw operating profit growth exceed that of sales.
The company today reported third quarter net income of $477m, 6% above the prior year, and sales of $3.144bn, up 4% against the prior year.
Organic sales grew 5% from higher volumes, including new project start-ups, in North America, South America and Asia, and higher prices across all operating segments.
By end-market, sales growth was strongest for manufacturing, food and beverage, healthcare and metals customers.
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