|Bid||128.64 x 1000|
|Ask||0.00 x 800|
|Day's range||155.55 - 157.45|
|52-week range||127.36 - 166.95|
|PE ratio (TTM)||36.36|
|Earnings date||25 Jul 2018 - 30 Jul 2018|
|Forward dividend & yield||3.30 (2.08%)|
|1y target est||172.76|
In November 2017, Praxair, Inc. announced its surface technologies business would offer a limited number of in-kind grants to select North American universities involved in metal additive manufacturing, also known as 3D printing.
On May 16, the board of Air Products and Chemicals (APD) made an announcement regarding its quarterly dividend. At the end of its fiscal second quarter, APD had 220.8 million outstanding shares. If APD doesn’t engage in share buybacks before the record date, it will be spending ~$242.9 million in the form of dividend payments.
Praxair, Inc. (PX) has been named one of the 500 best U.S. companies to work for by Forbes in 2018. The company has been recognized as an employer of choice since the list was first published in 2015. “We are proud to again be recognized as one of the best employers in the U.S. by Forbes,” said David Strauss, vice president and chief human resources officer for Praxair.
Praxair, Inc. (PX), a recognized global leader in sustainable development, placed 17th on Corporate Responsibility Magazine’s 100 Best Corporate Citizens List for 2018. This is the sixth consecutive year the company has been recognized. The list recognizes leadership and achievements based on performance in seven categories: environmental, climate change, human rights, employee relations, corporate governance, philanthropy and financial performance.
DowDuPont’s (DWDP) Agriculture segment accounted for 17.7% of DWDP’s 1Q18 revenues, compared to 24.7% in 1Q17 on a pro forma basis. This segment reported revenues of ~$3.8 billion in 1Q18, a decrease of 24.6% on a year-over-year basis.
In accordance with the exchange offer document published on August 15, 2017, Linde plc announced today that the waiting period under the Competition Act (Canada) with respect to the proposed business combination between Praxair, Inc. (PX) and Linde AG (LIN.DE) expired on May 3, 2018, satisfying a closing condition (Regulatory Condition – Canada). In accordance with the Competition Act (Canada), the Competition Bureau is continuing to review the proposed business combination, and the parties are assisting with that ongoing review. Linde plc is a public limited company formed on April 18, 2017, that will become the parent company of Praxair, Inc. and Linde AG upon the completion of the business combination.
International Flavors and Fragrances (IFF) is expected to report adjusted earnings per share (or EPS) of $1.59 in 1Q18, an increase of 4.6% over its adjusted earnings per share of $1.52 in 1Q17. If IFF can meet expectations, it would be record adjusted EPS for the first quarter.
On April 24, W. R. Grace (GRA) announced that it would be licensing its UNIPOL PP Process Technology to Inter Pipeline to be used in its Heartland Petrochemical complex in Alberta, Canada. The pipeline is expected to be in service by 2021. W.R. Grace did not specify the financial aspects of the deal, its second so far in 2018.
Air Products and Chemicals’ (APD) Industrial Gases–Asia segment accounted for 25.9% of APD’s total revenue in fiscal 2Q18, narrowing by 3.2 percentage points YoY (year-over-year) from 22.7%. The segment’s revenue rose 27.9% YoY to $557.6 million from $435.9 million.
Air Products and Chemicals’ (APD) Industrial Gases–Americas segment was its largest revenue contributor in fiscal 2Q18. The segment comprised 42.4% of the company’s overall revenue, compared with 45.0% in fiscal 2Q17, marking a decline of 2.6 percentage points.
Air Products and Chemicals’ (APD) revenue rose 9.0% YoY (year-over-year) to $2.16 billion in fiscal 2Q18, missing analysts’ estimate of $2.2 billion. In 2Q17, APD’s revenue stood at $1.98 billion.
Since the beginning of 2018, the number of analysts tracking DowDuPont (DWDP) has increased from 25 to 27. Analysts’ consensus target price has moved up marginally from $81.87 to the current target price, which indicates analysts’ bullishness on the stock. The company reported an adjusted EPS (earnings per share) of $0.83—an increase of 40.7% year-over-year.
Linde plc announced today that the proposed business combination between Praxair, Inc. (PX) and Linde AG (LIN.DE) received clearance from the Committee on Foreign Investment in the United States (CFIUS) on April 26, 2018, satisfying a closing condition (Regulatory Condition – CFIUS Approval). Linde plc is a public limited company formed on April 18, 2017, that will become the parent company of Praxair, Inc. and Linde AG upon the completion of the business combination.
Praxair's (PX) first-quarter 2018 earnings gain from healthy trends in all end markets. Sales have grown in all segments, except for South America.
Praxair (PX), the top industrial gas company, reported revenues of ~$3.0 billion for 1Q18 today, reflecting growth of 9.9% over 1Q17. Higher volumes, price improvement, and favorable foreign currency fueled Praxair’s revenue growth. Praxair’s revenue grew across all of its reporting segments, led by Asia at 21%, Europe at 20%, North America at 7%, and Surface Technologies at 11%, while South America declined 1%, inclusive of currency impact.
Praxair Inc. (PX) reported impressive results for first-quarter 2018, with earnings and revenues surpassing their respective Zacks Consensus Estimate by 5.8% and 2.4%.
On a per-share basis, the Danbury, Connecticut-based company said it had profit of $1.59. Earnings, adjusted for non-recurring costs, were $1.65 per share. The results beat Wall Street expectations. The ...
Praxair, Inc. today reported first-quarter net income of $462 million and diluted earnings per share of $1.59. These results include transaction costs of $18 million after-tax and non-controlling interests, or 6 cents of diluted earnings per share, primarily related to the proposed merger with Linde AG.
The board of directors of Praxair, Inc. has declared a quarterly dividend of 82.50 cents per share, unchanged from the previous quarter. The dividend is payable on June 15, 2018 to shareholders of record on June 7, 2018.
Praxair's (PX) first-quarter 2018 earnings are to gain from solid U.S. industrial activities as well as strong demand in China. Seasonal weakness and lower Gulf Coast activities are to be a drag.
Praxair, Inc. (PX) today announced it has signed a long-term agreement to supply industrial gases to Samsung Electro-Mechanics (SEM), one of the world’s largest MLCC (Multi-Layer Ceramic Capacitors) manufacturers. Praxair has been supplying nitrogen to SEM’s manufacturing facility in the Noksan Industrial Complex in Busan since 2001. The new air separation plant, which will be built, owned and operated by Praxair, will supply an additional 425 tons per day of nitrogen to support SEM’s world-class MLCC manufacturing expansion.