Praxair Sales Rise 11% in 3Q
Praxair, Inc., Danbury, CT, third-quarter sales rose 11% to $2,099 million, compared with $1,890 million in the 2005 quarter. Net income rose to $247 million.
"Activity in the industrial economy has continued to be strong, and we have not seen any meaningful decline in demand from our customers," said Dennis H. Reilley, chairman and CEO. "Looking forward, we expect U.S. macroeconomic growth to moderate. However, we expect growth in our business to outpace the economy, due to a steadily increasing backlog of projects related to energy production, infrastructure building in emerging markets, and new applications technologies."
In North America, third-quarter sales of $1,187 million rose 9% from the year-ago quarter, and 11% excluding the effects ...