Praxair Reports Record 4Q 2005 Results - Modern Distribution Management

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. Excluding currency effects, sales grew 19%, due primarily to the purchase of industrial gas operations in Germany in 2004. Organic business activity remained stable, with 2% overall volume growth in the region. Operating profit grew to $61 million, from $56 million in the year-ago quarter.

In South America, sales of $314 million grew 33% versus the year-ago quarter, and 14% excluding currency effects. Both higher pricing and higher volumes contributed to underlying sales growth. Sales growth came primarily from healthcare and manufacturing markets. Operating profit rose to $56 million from $41 million in last year’s quarter.

Sales in Asia grew 10% to $148 million in the quarter due to strong demand from electronics, manufacturing and food-freezing markets in China, India, Korea, and Thailand. Operating profit rose to $25 million.

Praxair Surface Technologies’ sales in the quarter were $112 million. Operating profit grew to $10 million versus $7 million in the year-ago quarter. Demand for OEM aviation coatings and sales of thermal spray powders continue to be strong.

Praxair produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others.

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.


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.