Loading...
Loading...
solid-results-from-praxair-explained
solid-results-from-praxair-explained

“Solid results” from Praxair explained

0

Following is additional detail on first-quarter 2014 results by segment.

In North America, first-quarter sales were $1,580m, 8% above the prior-year quarter, and up 10% excluding negative currency translation impacts.  Organic sales growth was 5%, driven primarily by higher sales to the energy end-market as on-site volumes increased from new project start-ups for hydrogen supply to refinery customers and higher pricing.  Acquisitions contributed 3% growth.  Operating profit was $378m, 6% above prior-year.

In Europe, first-quarter sales were $397m, up 7% versus the first quarter of 2013.  Acquisitions, primarily Dominion Technology Gases, contributed 5% growth.  Organic sales growth of 2% came from higher pricing and higher volumes.  Operating profit was $79m, an increase of 27% versus the prior-year quarter, including positive currency translation and acquisitions. Underlying operating profit growth was driven by higher volumes, higher price and lower costs. 

In South America, first-quarter sales were $488m. Sales grew 7% from the prior-year quarter, excluding a 15% negative currency impact, primarily due to volume growth and higher overall pricing. Operating profit was $113m, up 16% excluding negative currency translation, due to higher volumes and higher pricing partially offset by cost inflation.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...