Praxair (PX) Reports In-Line Q4 EPS; Guides
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Praxair Reports Full-Year and Fourth-Quarter 2016 Results
January 26, 2017 6:01 AM ESTFull-year sales of $10.5 billion; EPS of $5.21; adjusted EPS of $5.48 Strong full-year operating cash flow of $2.8 billion, 26% of sales Record free cash flow of $1.3 billion, returned to shareholders approximately $1 billion Announced 5% dividend increase for 2017; 24th consecutive annual increase Successfully executing strategy: Won seven new onsite projects for customers under long-term contracts, including four in the U.S. Gulf Coast; Backlog $1.5 billion Grew resilient end-markets to 27% of sales Expanded carbon dioxide network through synergistic... More
