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News Breaks
January 29, 2014
11:30 EDTPXPraxair expects to grow 2014 earnings at double-digit rate
Says looking selectively for tuck-in acquisitions for core business. Expects return on capital to trend upward in 2014. Sees FY BRL currency headwind >10%. Sees significant foreign currency headwinds. Expects to grow earnings at double digit rate in 2014. Expects acquisitions to generate 1% top-line growth this year. Sees U.S. pension tailwind of 5c per share, mostly offset by interest expense. Comments made during the company's Q4 earnings conference call.
News For PX From The Last 14 Days
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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
January 16, 2015
10:06 EDTPXHigh option volume stocks
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09:20 EDTPXPraxair ses currency devaluation cutting FY15 EPS by 7c, revenue by $100M
09:19 EDTPXPraxair sees charge of about $131M in Q4
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09:19 EDTPXPraxair to report Venezuela results at SICAD II exchange rates
Praxair announced that it will no longer use the Venezuelan government’s official exchange rate of 6.3 bolivars per U.S. dollar to translate the financial statements of its Venezuelan business. Effective December 31, 2014, the company has adopted the Venezuelan government’s SICAD II currency exchange system rate of approximately 50 bolivars per U.S. dollar. As a result of the change, Praxair expects to record in Q4 results a charge of about $131M or 45c per diluted share. This charge includes remeasurement of monetary assets and liabilities to the SICAD II rate and related fixed asset impairments and inventory adjustments. Praxair estimates that the currency devaluation to the SICAD II rate will reduce the company’s full-year 2015 revenues by approximately $100M and diluted EPS by about 7c compared to 2014.
January 15, 2015
10:07 EDTPXHigh option volume stocks
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