Key Developments: Praxair Inc (PX.N)

PX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Praxair Inc Declares Dividend in Fourth Quarter 2013
Wednesday, 30 Oct 2013 06:00am EDT 

Praxair Inc announced that it has declared a quarterly dividend of 60 cents per share, unchanged from the previous quarter. The dividend is payable on December 16, 2013 to shareholders of record on December 6, 2013.  Full Article

Praxair Inc Issues Q3 2013 EPS Guidance Below Analysts' Estimates; Lowers High End Of Prior FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance
Wednesday, 24 Jul 2013 06:05am EDT 

Praxair Inc announced for the third quarter of 2013, it expects diluted earnings per share (EPS) in the range of $1.48 to $1.53. For fiscal 2013, it expects adjusted diluted earnings per share to be in the range of $5.90 to $6.00. Praxair expects fiscal 2013 sales in the area of $12 billion. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.54 for the third quarter of 2013; and EPS of $5.96 and revenue of $12 billion for fiscal 2013.  Full Article

Praxair Inc Declares Dividend In Third Quarter 2013
Wednesday, 24 Jul 2013 06:00am EDT 

Praxair, Inc. announced that it has declared a quarterly dividend of USD0.6 per share, unchanged from the previous quarter. The dividend is payable on September 16, 2013 to shareholders of record on September 6, 2013.  Full Article

Praxair Inc Enters into Industrial Gas Joint Venture with KuibyshevAzot in Central Russia
Tuesday, 2 Jul 2013 05:00pm EDT 

Praxair Inc announced that it has entered into a definitive agreement to form a joint venture with OJSC KuibyshevAzot, in central Russia`s Samara region, to produce and sell industrial gases. The joint venture will produce on-site oxygen, nitrogen and compressed dry air for KuibyshevAzot`s expanding caprolactam, fertilizer and ammonia production, as well as liquid oxygen, nitrogen and argon for sale to customers in the Volga region. Praxair and KuibyshevAzot will construct a new, energy-efficient air separation unit that will produce 1,400 tons per day of oxygen, nitrogen and argon and is scheduled to start-up mid-2016. The joint venture will also own and operate KuibyshevAzot`s existing air separation unit, which produces 2,000 tons per day of oxygen, nitrogen and argon. The merchant liquid supply will support the surrounding industrial region, including energy, automotive and other manufacturing customers. This is Praxair`s fifth on-site project in Russia and third in the Volga region.  Full Article

Praxair Inc Acquires Volgograd Oxygen Factory
Monday, 24 Jun 2013 09:00am EDT 

Praxair Inc announced that it has acquired Volgograd Oxygen Factory (VOF), a producer and distributor of industrial gases in southern Russia, significantly strengthening the Company`s merchant liquid and packaged gas business in this key region. Financial terms of the transaction were not disclosed. This is the latest in a series of investments in Russia that expands Praxair`s production and distribution capacity. VOF is an established leader in the Volgograd region, serving more than two thousand customers in a variety of industries including steel, aerospace, healthcare and food and beverage. Praxair has invested in four other projects in Russia, with combined production capacity greater than 3,500 tons per day of gaseous and liquid oxygen, nitrogen, hydrogen and argon. In addition, the Company acquired Volzhsky Azot in 2012, which included two air separation units and a bulk and packaged gas business located in the Volgograd region.  Full Article

Praxair Inc's Praxair Offshore Services Limited Acquires Dominion Technology Gases Investment Limited
Wednesday, 29 May 2013 08:15am EDT 

Praxair Offshore Services Limited, a subsidiary of Praxair, Inc., announced that it has acquired Aberdeen, Scotland-based Dominion Technology Gases Investment Limited (Dominion), a global supplier of diving, welding, industrial, laboratory and calibration gases and associated equipment to the offshore oil and gas industry. Financial terms of the transaction were not disclosed.  Full Article

Praxair Inc Prices $475 Million of 1.25% Notes Due 2018 and $175 Million of 3.55% Notes Due 2042
Monday, 29 Apr 2013 06:46pm EDT 

Praxair Inc announced that it has priced $475 million of 1.25% notes due November 7, 2018 and $175 million of 3.55% notes due November 7, 2042. The notes are being offered under its universal shelf registration statement filed with the U.S. Securities and Exchange Commission. The offering is led by Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and RBS Securities Inc. The offering is expected to close on May 7, 2013. The Company anticipates using the proceeds of the offering for general corporate purposes, including repayment of debt and share repurchases under the Company's share repurchase program.  Full Article

Praxair Inc Issues Q2 2013 EPS Guidance Below Analysts' Estimates; Issues FY 2013 Guidance In Line With Analysts' Estimates
Wednesday, 24 Apr 2013 06:05am EDT 

Praxair Inc announced that for second quarter of 2013, it expects diluted earnings per share (EPS) in the range of $1.45 to $1.50. For fiscal 2013, it expects sales in the area of $12 billion. The company expects adjusted diluted earnings per share to be in the range of $5.90 to $6.05. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.51 for second quarter of 2013; revenue of $12 billion and EPS of $6.01 for fiscal 2013.  Full Article

Praxair Inc Declares Dividend In Second Quarter 2013
Wednesday, 24 Apr 2013 06:00am EDT 

Praxair Inc announced that the Board of Directors has declared a quarterly dividend of 60 cents per share, unchanged from the previous quarter. The dividend is payable on June 17, 2013 to shareholders of record on June 7, 2013.  Full Article

Praxair Inc Announces Acquisition Of Tri-State Carbonic`s Carbon Dioxid Plant
Thursday, 11 Apr 2013 09:00am EDT 

Praxair Inc announced the acquisition of Tri-State Carbonic`s carbon dioxide (CO2) plant in Lawrenceburg, Indiana. Financial terms of the transaction were not disclosed.  Full Article

Air Products CEO to focus on performance for now, not sale

- Air Products and Chemicals' new chief executive said he would aim to improve the operational performance of the company's businesses and generate cash before deciding on the sale of any unit.

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