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Praxair Inc




Praxair Inc is a publicly traded company having a good stock performance result. Praxair Inc is a fortune 500 stock listed company trading under PX.

The company produces and sells atmospheric gases like oxygen, nitrogen, argon, and others as well as process and specialty gases namely CO2, helium, and hydrogen for the chemicals, food and beverage, semiconductor, and health care industries. Depending on a client company's gas needs, Praxair can build an on-site gas plant or provide gases by the cylinder. The company's Praxair Surface Technologies subsidiary supplies high-temperature and corrosion-resistant metallic, ceramic, and powder coatings mainly to the aircraft, plastics, and primary metals industries. Praxair Healthcare Services supplies hospitals and the medical homecare industry.

The annual sale was of 7.7 billion dollars. It is a global, Fortune 500 company that supplies atmospheric, process and specialty gases, high-performance coatings, and related services and technologies.
 
Over the near century of its existence, Praxair has remained a leader in the development of processes and technologies that have revolutionized the industrial gases industry. The company introduced the first distribution system for liquid gas in 1917, and developed on-site gas supply by the end of WWII. In the 1960s, Praxair introduced non-cryogenic means of air separation, and since then has continued to introduce innovative applications technologies for various industries. The company holds almost 3,000 patents.
 
On January 25, 2006 Praxair, Inc. reported record fourth-quarter income, before an accounting change, of 220 million dollars and earnings per share of 67 cents, up 22 percent from the prior year. Reported net income including the adoption of an accounting change was 214 million dollars and diluted earnings per share were 65 cents. Operating profit of the Company grew 19 percent to 345 million dollars versus 289 million dollars in last year's period.

For the full year of 2005, Praxair reported net income of 726 million dollars, and diluted earnings per share of 2.20 dollars. Full-year sales were 7,656 million dollars, 16 percent higher than sales in 2004.
 
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. Operating profit grew 20 percent to a record 193 million dollars from 161 million dollars a year ago.
 
Sales in Asia grew 10 percent to 148 million dollars 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 dollars.

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