UPDATE: UBS Upgrades Praxair Inc. (PX) to Buy
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Praxair Reports Full-Year and Fourth-Quarter 2015 Results
January 29, 2016 6:01 AM ESTFull-year sales of $10.8 billion and adjusted EPS of $5.80 Full-year adjusted EBITDA and operating margins grew to record levels of 33.8% and 23.1%, respectively Strong full-year operating cash flow of $2.7 billion, 25% of sales; free cash flow of $1.1 billion Announced 5% dividend increase; 23rd consecutive annual increase $1.5 billion returned to shareholders in 2015 through dividends and net share repurchases Return on capital 12.6%; return on equity 34.6% Fourth-quarter sales of $2.6 billion; EPS $1.47... More
