Praxair, Inc. (Praxair), industrial gas company, produces oxygen from air using a cryogenic process. Company’s primary products include industrial gases business are atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). Praxair also designs, engineers, and builds equipment that produces industrial gases primarily for internal use. Company supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders through its surface technologies segment. It serves a range of customers such as healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals and water treatment. Praxair’s products are manufactured and distributed through networks of hundreds of production plants, pipeline complexes, distribution centers and delivery vehicles. Company primarily operates its business through long-term contracts which provide stability in cash flow and the ability to pass through changes in energy and feedstock costs to customers.
Praxair displayed a solid results for the full year of 2017 with growth across all end-markets. Company recorded the revenues of $11.4 billion for the fiscal year ended December 2017, an increase of 8.6% or $903 million, compared to the revenues in fiscal 2016. Revenue growth was largely driven by higher volumes and positive price.
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