The 2020 Mid-Year Economic Update_long

Praxair Sales Up 5% in 1Q

North America sales up 8% year-over-year.

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.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.