Praxair (NYSE:PX) reported Q2 EPS of $1.38, ahead of consensus estimates of $1.37 per share. Revenues for the quarter rose 13.1% year-over-year to $2.86 billion, topping consensus estimates of $2.79 billion.
The company sees Q3 EPS of $1.35 to $1.40, vs. consensus estimates of $1.39 per share. For 2011, Praxair now sees EPS of $5.40 to $5.50, up from $5.35 to $5.45 per share, vs. consensus estimates of $5.47 per share, on revenues of $11.20 billion, vs. consensus estimates of $11.18 billion.
Chairman and Chief Executive Officer Steve Angel said, "Our second-quarter results reflect continued strong growth in Asia and South America and moderate growth in North America. Our backlog of new projects under contract and construction reached a record level of $2.7 billion reflecting strong growth in energy markets and emerging economies. Earnings growth continues to outpace sales growth due to our unrelenting focus on pricing and productivity."