Praxair Reports Record 4Q 2005 Results
Praxair Inc., Danbury, CN, reported a 13% rise in sales for the fourth quarter of 2005 to $2 billion, compared with $1.7 billion for the same period in 2004. Profit grew 19% to $345 million from the fourth quarter 2004.
For 2005, Praxair reported a 16% gain in sales to $7.7 billion. Profit was $726 million.
In North America, sales in the fourth quarter of $1.2 billion were up 11% from $1.13 billion in the year-ago quarter. Higher sales to manufacturing markets, strong oil and gas well services business, strong packaged-gases sales, and favorable pricing comparisons drove the year-over-year sales growth. Profit grew 20% to a record $193 million from $161 million a year ago.
In Europe, sales grew 12% to $263 million in the quarter. ...