Praxair 2Q Sales Increase 18% - Modern Distribution Management

Log In

Praxair 2Q Sales Increase 18%

Growth broad-based across geographic regions, end-markets.

Praxair, Inc. (NYSE: PX), Danbury, CT, reported second-quarter sales of $2.53 billion, an increase of 18 percent over the previous year quarter. Profit increased 24 percent to $371 million.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.


Sales increased due to double-digit volume growth in all geographic regions, led by South America and Asia. Sales in those two regions increased 24 percent and 41 percent respectively. In North America, second-quarter sales increased 14 percent. Sales in Europe grew 9 percent.

By end market, sales to chemicals, metals and electronics showed the strongest growth compared to the prior year. Compared to the first quarter of 2010, overall sales growth was 4%, and was broad-based across all major end-markets.

For the first six months, sales were $4.96 billion, up 16 percent over the prior year period. Profit increased 16 percent to $685 million.

\”The global economic environment continued to improve this quarter, with South America and Asia showing the strongest recovery,\” CEO Steve Angel said. \”We leveraged our strong sales growth into higher earnings growth as a result of continued productivity improvements and prior-year cost reduction.\”

Share this article

About the Author
Recommended Reading
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.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


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

Subscribe to continue reading

MDM Premium Subscribers 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



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.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.