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Stock Market & Financial Investment News

News Breaks
January 28, 2014
09:09 EDTPXPraxair signs long-term supply agreement in Brazil
Praxair has signed a long-term contract to supply industrial gases to a new steel mill being built near the Port of Pecem in an international free trade zone in the state of Ceara, located in the northeast region of Brazil. The mill will be operated by Companhia Siderurgica do Pecem, a joint venture between Brazilian Vale and South Korean Dongkuk Steel and Posco Steel. Praxair will build, own and operate a 2,400 tons per day cryogenic plant that will produce gaseous and liquid oxygen, nitrogen and argon. The plant will enable CSP to produce an expected 3M tons of steel slabs annually, which will largely be exported for further processing by CSP’s Korean partners. The plant is expected to start up in 2016. The new plant will also serve merchant and packaged gas customers in a variety of sectors across the northern and northeastern regions of Brazil, including food and beverage, metal fabrication, healthcare and automotive.
News For PX From The Last 14 Days
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January 28, 2015
06:09 EDTPXPraxair reports Q4 North America sales up 3% to $1.59B
Reports Q4 Europe sales down 12% to $356M; Reports Q4 South America sales down 2% to $473M; Reports Q4 Asia sales up 6% to $407M. Praxair Surface Technologies had fourth-quarter sales of $165 million as compared to $164 million in the prior-year quarter. Organic sales grew 1% due to favorable pricing. Overall volumes were comparable to the prior-year period. Operating profit was $30 million as compared to $27 million in the prior year.
06:08 EDTPXPraxair sees Q1 EPS $1.39-$1.47, consensus $1.58
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06:08 EDTPXPraxair sees FY15 EPS $6.15-$6.50, consensus $6.70
Sees FY15 revenue $12B-$12.4B, consensus $12.8B. This sales guidance assumes a negative currency impact of about 6% versus 2014. Full-year capital expenditures are expected to be about $1.7 billion and the effective tax rate is forecasted to remain at about 28%.
06:07 EDTPXPraxair expects modest global growth in 2015
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06:06 EDTPXPraxair reports Q4 adjusted EPS $1.57, consensus $1.57
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06:00 EDTPXPraxair board increases quarterly dividend by 10% to 71.5c
The board of Praxair has declared a 10% increase in the company’s quarterly dividend to 71.5c per share, payable on March 16, 2015, to common shareholders of record as of March 6, 2015.
January 27, 2015
15:35 EDTPXNotable companies reporting before tomorrow's open
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January 26, 2015
10:00 EDTPXOn The Fly: Analyst Downgrade Summary
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09:23 EDTPXPraxair downgraded to Neutral at RW Baird
As previously reported, Baird downgraded Praxair to Neutral form Outperform citing choppy trends in Brazil and China in addition to currency headwinds. Baird lowered its price target to $133 from $136 on Praxair shares.
06:30 EDTPXPraxair downgraded to Neutral from Outperform at RW Baird
January 22, 2015
09:31 EDTPXPraxair awarded NASA contract to supply hydrogen to space programs
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January 20, 2015
09:33 EDTPXPraxair sent warning letter from FDA
The FDA warning letter, dated Jan. 7, cites an inspection that revealed quality system violations. Reference Link

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