Need Help? (888) 742-5060

In The News:

Praxair Sales Up 5% in 1Q

Praxair (NYSE: PX), Danbury, CT, reported sales for the first quarter of $3 billion, a 5 percent increase year-over-year. Profit increased 8 percent to $448 million. Organic sales grew 6 percent, driven by higher on-site volumes from new project start-ups primarily in North America and Asia.

North American first-quarter sales were $1.5 billion, an increase of 8 percent from the prior-year quarter. Organic sales were up 5 percent, 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.

In Europe, first-quarter sales were $397 million, up 7 percent versus the first quarter of 2013. Organic sales growth of 2 percent came from higher pricing and higher volumes.

South America first-quarter sales were $488 million, up 7 percent from the prior-year quarter.Sales in Asia were $392 million in the quarter, up 7 percent from the prior year, driven by volume growth in India, China and Korea and higher pricing for helium and rare gases.

Praxair Surface Technologies had first-quarter sales of $169 million, 4 percent above the prior-year quarter. Organic sales increased 3 percent from higher volumes of aviation coatings and higher price.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center