Praxair (PX) Misses Q2 EPS by 1c; FY15 EPS Outlook Trimmed
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Praxair Reports Second-Quarter 2015 Results
July 29, 2015 6:01 AM EDTSales of $2.7 billion, adjusted EPS of $1.45, up 2% ex-FX* Adjusted EBITDA and operating margins grew to 33.4% and 22.9%, respectively* Strong operating cash flow of $0.7 billion; $0.4 billion returned to shareholders through dividends and net share repurchases Diluted shares 2% below prior-year quarter; new $1.5 billion share repurchase program authorized Return on capital 12.6%; return on equity 30.5%* Adjusted EPS guidance: 2015 full year $5.80 to $5.95, up 3% to 6% year-over-year, ex-FX and 3Q15 $1.42 to $1.49*
DANBURY, Conn.--(BUSINESS... More
Praxair Declares Dividend in Third Quarter 2015; Authorizes New Share Repurchase Program
July 29, 2015 6:00 AM EDTDANBURY, Conn.--(BUSINESS WIRE)-- The board of directors of Praxair, Inc. (NYSE: PX) has declared a quarterly dividend of 71.5 cents per share, unchanged from the previous quarter. The dividend is payable on September 15, 2015 to shareholders of record on September 8, 2015.
The board of directors has also authorized a new share repurchase program for up to $1.5 billion... More
