Industrial Chemicals Manufacturer Praxair Brings Record Quarterly Income From Strong International Sales, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) — On October 29, Praxair Incorporated (NYSE:PX) (Danbury, Connecticut), a global supplier of industrial gases, reported positive earnings for the third quarter of 2008. The company announced net profits of $355 million for the quarter, up from $305 million in the same period last year. This gain comes even after losses from hurricanes Gustav and Ike. Praxair estimates the two hurricanes brought $10 million of lost operating profits, primarily from a loss of hydrogen sales while customers’ plants remained closed and without power. Strong sales of hydrogen outside of the hurricanes helped boost the Praxair’s sales figures, however. Industrial Info is currently tracking $860 million of projects of Praxair and its subsidiaries.
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SOURCE: Industrial Info Resources