Praxair has its headquarters in
The combined company will have its titular headquarters in
As it seeks
Praxair sales were up 8 percent in the second quarter to $3.1 billion, driven by
North American sales were up 6 percent to $1.6 billion, with Praxair citing stronger volumes and price inflation in electronics manufacturing, chemicals, and food and beverage makers. Praxair’s North American plants contributed $432 million in operating profits, up 14 percent from a year ago.
“You look at industrial production and you look at some of the subcategories … like metal fabrication, construction, equipment — they’re doing quite well, so they drive a lot of welding (and) shielding gases,” White said Thursday. “But we are also seeing a variety across many other end-markets, some resilient markets — health care (and) some of the packaged gases we deliver to hospitals, but also aerospace (and) even refining.”
Praxair revenue rose 9 percent in the first half of 2018 to top $6 billion, edging Linde’s 5 percent gain to $10.1 billion, excluding exchange rates that if factored in resulted in a 3 percent decline in revenue. Praxair was able to increase sales despite a May truckers strike in
“Everybody was affected by the trucking,” White said. “I think we’re all pretty much back to normal there, we haven’t heard of any additional issues, but normal is still a challenging situation as we know given the political uncertainty. … We’ll have to see what happens over the next several months.”
White said that Praxair is absorbing higher labor costs for truckers in
“It’s something we’re used to — we’ve got a great team that does this year in and year out,” White said.
Alex.Soule@scni.com; 203-842-2545; @casoulman
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