Unsurprisingly, Praxair’s fourth-quarter and full-year 2008 financial results reflect the economic downturn which hit in the latter part of 2008, but still the company remains positive.
Financial results released today by Praxair show its fourth quarter sales are down 5% on last year, but its full-year sales are up 15%.
Praxair reported net income of $200 million and diluted earnings per share of 64 cents in the fourth quarter.
These figures include the impact of a pre-tax charge, which has been attributed in part to the cost-reduction actions taken to offset sharply lower product volumes as a result of the global economic slowdown.
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