PRAXAIR INC
SymbolPX

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Praxair Reports Third-Quarter Results

2009-10-28 06:02 ET - News Release

  • Sales of $2.3 billion rose 7% from the second quarter
  • Adjusted operating profit margin of 21%*
  • Adjusted diluted EPS of $1.02 up 6% from second quarter*
  • Strong cash flow from operations of $547 million
  • Fourth-quarter diluted EPS guidance of $1.05 to $1.10; full-year adjusted diluted EPS of $3.96 to $4.01*


Company Website: http:// www.praxair.com
DANBURY, Conn. -- (Business Wire)

Praxair, Inc. (NYSE:PX) reported third-quarter net income and diluted earnings per share of $325 million and $1.04, respectively. These results include a net after-tax benefit of $7 million, or 2 cents of diluted earnings per share, resulting from a $306 million pre-tax charge, and $313 million of income tax benefits, related primarily to a Brazilian government tax amnesty program.

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