Praxair (PX) Tops Q4 EPS by 4c, Beats on Revenues

Praxair (NYSE: PX) reported Q4 EPS of $1.52, $0.04 better than the analyst estimate of $1.48. Revenue for the quarter came in at $2.95 billion versus the consensus estimate of $2.83 billion.

Fourth-Quarter 2017 Highlights

• Sales of $3.0 billion, 12% above prior-year quarter
• Record $0.5 billion of free cash flow, 57% above prior-year quarter
• Backlog $1.5 billion; includes project wins in the U.S. and Asia
• EPS of $0.11; adjusted EPS of $1.52

Continued Progress on Merger with Linde AG

• Regulatory filings progressing

Tax Reform Impact

• Fourth-quarter tax charge of $394 million
• Estimated future tax rate 23% - 25%

For earnings history and earnings-related data on Praxair (PX) click here.

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