Praxair Earnings: Everything You Must Know Now

Praxair Inc. (NYSE:PX) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Praxair Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share were the same at $1.38 in the quarter as EPS of $1.38 in the year-earlier quarter.

Revenue: Rose 1.69% to $2.89 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Praxair Inc. reported adjusted EPS income of $1.38 per share. By that measure, the company missed the mean analyst estimate of $1.38. It missed the average revenue estimate of $2.89 billion.

Quoting Management: Chairman and Chief Executive Officer Steve Angel said, “During the first quarter, Praxair saw varied growth rates across our geographic segments. Our Asia business grew sales at double-digit rates in China and Korea, due primarily to project start-ups. Sales in Brazil improved in March driven by manufacturing and construction. North American sales reflect solid underlying fundamentals with some deceleration of the growth rate.”

Key Stats (on next page)…

Revenue increased 3.18% from $2.8 billion in the previous quarter. EPS were the same at $1.38 as the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.51 and has not changed. For the current year, the average estimate has moved down from a profit of $6.11 to a profit of $6.02 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)