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Headquarters: Danbury, CT
2013 Revenues: $6.2 billion
Change in Sales from 2012: 10.11%
Key Executives: Steve Angel, president & CEO; James Sawyer, CFO; Eduardo Menezes, president, North American Industrial Gases; John Panikar, president, Praxair Distribution Inc.
Though Praxair does have a distribution business, Praxair Distribution Inc., the company does not break out its sales for this segment of business. Instead, the company describes itself as a fully integrated industrial and medical gases company, providing the manufacture and distribution of specialty gases to a diverse cross-section of customers.
Most of the U.S. end-markets Praxair serves have grown in the past year, the exception being nonresidential construction, according to CFO James Sawyer. The sequestration likely had a negative impact on this segment, as the government sponsors around 50 percent of the nonresidential activity, he says.
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