Linde (LIN) came out with quarterly earnings of $3.94 per share, beating the Zacks Consensus Estimate of $3.89 per share. This compares to earnings of $3.63 per share a year ago.
Third-Quarter Highlights Sales $8.4 billion, up 2% Operating profit $2.1 billion, adjusted operating profit $2.5 billion, up 7% Operating profit margin 25.0%; adjusted operating profit margin 29.6%, up 130 basis points EPS $3.22, up 1%; adjusted EPS $3.94, up 9% YoY Full-year 2024 adjusted EPS guidance of $15.40 - $15.50 representing 9% to 10% growth year-over-year excluding FX Project backlog $10 billion, up $2+ billion WOKING, UK / ACCESSWIRE / October 31, 2024 / Linde plc (Nasdaq:LIN) today reported third-quarter 2024 net income of $1,550 million and diluted earnings per share of $3.22. Excluding Linde AG purchase accounting impacts, cost reduction programs and other charges, adjusted net income was $1,896 million, up 6% versus prior year.
WOKING, UK / ACCESSWIRE / October 29, 2024 / Linde (NASDAQ:LIN) announced it has started up the supply of industrial gases to PT Freeport Indonesia, a leading mining company in Indonesia and subsidiary of Freeport-McMoRan Inc. Linde has invested $120 million to build, own and operate a new on-site air separation unit (ASU), the largest in Indonesia and Linde's largest ASU in southeast Asia. Linde's new plant is now supplying oxygen and nitrogen to PT Freeport Indonesia's new copper smelter and refining facility in Manyar, one of the largest copper processing sites in the world.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Linde (LIN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
LIN's Q3 performance is likely to have been affected by a sluggish global economy and rising costs. Its operating profit from the Engineering business unit might have also decreased.
Linde (LIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WOKING, UK / ACCESSWIRE / October 24, 2024 / Linde (NASDAQ:LIN) announced that it has signed agreements to de-captivate two air separation units (ASUs) and expand its existing supply of industrial gases to Tata Steel Limited in Odisha, India. Linde already supplies industrial gases from its existing two on-site plants to Tata Steel's iron and steel making facility at the Kalinganagar Industrial Complex.
WOKING, UK / ACCESSWIRE / October 8, 2024 / Linde (Nasdaq:LIN) will release its third quarter 2024 financial results by 06:00 EDT/11:00 CET on Thursday, October 31, 2024. The Company will host and webcast its conference call at 09:00 EDT/14:00 CET, which will be available to the public and the media in listen-only mode.
Bank of America, Advanced Micro Devices, Linde, Comstock and Kingsway are included in this Analyst Blog.
I reiterate a ‘Buy' rating for Linde with a one-year target price of $520 per share, driven by double-digit EPS growth and effective cost management. Linde reported 3% growth in underlying revenue and 6% growth in adjusted operating profits, with strong pricing and productivity despite flattish volume growth. High-quality project backlog, including semiconductor manufacturing facilities and green energy initiatives, positions Linde for near-term business growth and profitability.
The new complex, spearheaded by LIN, will utilize the autothermal reforming technology, along with its proprietary HISORP carbon capture system, to produce clean hydrogen.
WOKING, UK / ACCESSWIRE / August 27, 2024 / Linde (Nasdaq:LIN) announced today it has signed a long-term agreement for the supply of clean hydrogen to Dow's Fort Saskatchewan Path2Zero Project. The company will invest more than $2 billion to build, own and operate a world-scale integrated clean hydrogen and atmospheric gases facility in Alberta, Canada.