$PX (Praxair Inc.)

$PX {{ '2016-03-31T17:37:22+0000' | timeago}} • SEC

$PX's capital expenditures, or CapEx, for 2015 decreased by $148MM to $1.54Bil from the previous year. CapEx during 2015 related primarily to investments in new plant and production equipment for growth and density. About 50% of the CapEx were in North America with the rest in Asia, Europe and South America.

$PX {{ '2017-07-12T13:36:28+0000' | timeago}} • Announcement

$PX announced the start-up of a new air separation plant to supply 700 tons per day of nitrogen to Samsung’s display manufacturing complex in Tangjeong, South Korea. This is its third plant supporting the facility. The company has been supplying Samsung’s display operations with nitrogen, oxygen, argon, helium and other gases since 2005.

$PX {{ '2017-06-01T17:20:29+0000' | timeago}} • Announcement

Linde AG and $PX agreed to come together under a new holding company through an all-stock merger of equals transaction. Linde shareholders will be offered 1.54 shares in the new holding company for each Linde share, and $PX shareholders will receive one share in the new holding company for each $PX share.

$PX {{ '2017-06-01T17:20:11+0000' | timeago}} • Announcement

Linde AG and $PX entered into a definitive business combination agreement (BCA) to come together under a new holding company through an all-stock merger of equals transaction. Linde and $PX expect the transaction to close in 2H18.

$PX {{ '2017-05-24T18:43:08+0000' | timeago}} • Announcement

$PX reached an agreement in principle on the terms and conditions of a Business Combination Agreement with Linde AG pursuant to which the companies would combine their businesses in a merger of equals under a new holding company through an all-stock transaction. The BCA is subject to approvals by Boards of Directors of both companies.

$PX {{ '2017-04-27T16:07:25+0000' | timeago}} • Announcement

$PX's BoD has declared a quarterly dividend of 78.75 cents per share, unchanged from the previous quarter. The dividend is payable on June 15, 2017 to shareholders of record on June 7, 2017. The ex-dividend date is June 5, 2017.

$PX {{ '2017-03-28T14:27:31+0000' | timeago}} • Announcement

$PX said its Praxair Surface Technologies (PST) subsidiary received a long-term contract from Rolls-Royce. Over the 10-year contract, PST will apply its Tribomet abrasive coatings to rotating components in jet engines of wide-body aircraft. The project will begin in mid-2017.

$PX {{ '2017-02-21T19:07:09+0000' | timeago}} • Announcement

$PX signed a 15-year agreement to supply $CE with carbon monoxide, oxygen and nitrogen gases, in the U.S. Gulf Coast. The new plants and pipeline expansions, which will begin operations in 2020, require a combined investment of more than $300MM.

$PX {{ '2017-02-01T18:35:24+0000' | timeago}} • Announcement

$PX started up a hydrogen facility that will recover by-product streams from $DOW's Freeport, Texas operations. Under a long-term contract, $PX is supplying high-purity hydrogen back to $DOW in order to meet its needs across Southeast Texas. Also, the hydrogen will be used by $PX to help supply increasing customer demand in the region

$PX {{ '2017-01-26T16:33:17+0000' | timeago}} • Announcement

$PX's BoD declared a 5% increase in its quarterly dividend to 78.75 cents per share. The dividend is payable on March 15, 2017 to shareholders of record as of March 7, 2017. The ex-dividend date is March 3, 2017.

$PX {{ '2017-01-26T15:32:58+0000' | timeago}} • Announcement

$PX expects 1Q17 EPS in the range of $1.28-1.35. This EPS guidance assumes a negative currency impact of about 1%.

$PX {{ '2017-01-26T15:30:48+0000' | timeago}} • Announcement

$PX expects 2017 EPS of $5.45-5.80, a 2-9% growth excluding currency versus 2016. This guidance assumes a negative currency impact of about 3%. Full-year capital expenditures are expected to be about $1.4Bil and the effective tax rate is forecast to remain at about 28%.

$PX {{ '2017-01-26T15:28:42+0000' | timeago}} • Announcement

$PX reported a decline in 4Q16 earnings due to higher costs and expenses as well as foreign currency translation headwind and last year's asset sale gain. Net income fell to $406MM or $1.41 per share from $422MM or $1.47 per share last year. Sales grew to $2.64Bil from $2.6Bil.

$PX {{ '2017-01-23T15:41:23+0000' | timeago}} • Announcement

$PX has signed a long-term contract to supply hydrogen to Marathon Petroleum Corporation’s refinery in Garyville, Louisiana. The company will use the hydrogen to support an ultra-low-sulfur diesel project planned for 2018.

$PX {{ '2016-12-20T14:21:20+0000' | timeago}} • Announcement

$PX and Linde AG intends to combine in a merger of equals under a new holding company through an all-stock transaction. The combination would create a company with pro forma revenues of about $30Bil, and a current market value in excess of $65Bil.

$PX {{ '2016-11-30T12:39:10+0000' | timeago}} • Announcement

$PX said it approached Linde AG about resuming discussions regarding a potential merger. There can be no assurance that this will result in a transaction, or on what terms any transaction may occur, the company said. The original plan was to create a $60Bil industrial-gas giant, but the merger talks were discontinued two months ago.

$PX {{ '2016-10-27T18:29:31+0000' | timeago}} • Webcast

$PX recently executed a contract to supply oxygen & nitrogen to MEGlobal for their new ethylene glycol plant in Freeport, Texas. The company won this contract by leveraging its pipeline network to deliver high reliability at a competitive cost. $PX feels confident in its ability to announce additional US Gulf Coast project wins by the end of 2016.

$PX {{ '2016-10-27T18:25:46+0000' | timeago}} • Webcast

$PX said operating cash flow of $788MM is 17% above last year and 12% above last quarter. This represents 29% of sales, which is one of the company's highest quarters ever. 3Q16 free cash flow of over $400MM enabled the company to reduce net debt in 3Q16 by almost $200MM, essentially eliminating its debt increase from the acquisitions.

$PX {{ '2016-10-27T18:23:03+0000' | timeago}} • Webcast

$PX's operating profit of $597MM in 3Q16 is 4% below prior year and 2% above last quarter. Operating margin of 22% is in line with 2Q16, but 100 BPs below last year. This decline is mainly driven by North American manufacturing and upstream energy volume declines.

$PX {{ '2016-10-27T12:32:35+0000' | timeago}} • Announcement

For 4Q16, $PX expects diluted EPS in the range of $1.36-1.43. For full-year 2016, the company expects adjusted diluted EPS to be in the range of $5.44-5.51 and GAAP diluted EPS in the range of $5.17-5.24. Full-year CapEx is expected to be approx. $1.4Bil.

$PX {{ '2016-10-27T12:28:31+0000' | timeago}} • Announcement

$PX reported lower earnings in 3Q16, hurt by a 16% decline in operating profit, compared to 3Q15. Net income was $339MM or $1.18 per diluted share compared to $401MM or $1.40 per diluted share last year. Sales of $2.72Bil were up 1% from a year ago. Adjusted net income and diluted EPS were $405MM and $1.41, respectively.

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