Praxair Raises Full-year Adj. EPS Guidance - Quick Facts

(RTTNews) - Praxair, Inc. (PX) announced, for 2017, the company expects adjusted earnings per share to be in the range of $5.78 to $5.83, with the midpoint up $0.12 versus prior guidance. The range excludes transaction costs related to the proposed merger and a pension settlement charge. Full-year capital expenditures are expected to be approximately $1.4 billion. For fourth-quarter 2017, Praxair expects earnings per share in the range of $1.45 to $1.50, excluding transaction costs related to the proposed merger.

Excluding charge, adjusted net income and earnings per share were $433 million and $1.50, respectively, for the third-quarter. Sales in the third quarter were $2.92 billion, 8% above the prior-year quarter. After adjusting for positive currency translation and cost pass-through, sales grew 6%, driven by higher volumes across all geographic segments including new project start-ups, growth in all end-markets, and price attainment.