Linde Plc Stock Price, News & Analysis

Linde has acquired the remaining 77.2% interest in nexAir, LLC, a major packaged gas distributor in the U.S., boosting its sales to approximately $400 million in 2022. This acquisition aligns with Linde's strategy to enhance network density and expand its operational footprint in the southeastern U.S. Linde Gas & Equipment Inc., which has held a minority stake since 2012, will now fully integrate nexAir to strengthen service reliability and quality for customers.

Linde (NYSE:LIN) will release its fourth quarter 2022 financial results on February 7, 2023, at 06:00 EST. A conference call will follow at 09:00 EST, accessible via various toll-free numbers for US, Germany, and UK. The webcast will be available for public listening and can be replayed later. In 2021, Linde reported sales of $31 billion, serving multiple sectors including healthcare and manufacturing.

Linde and SLB announced a strategic collaboration on carbon capture, utilization, and sequestration (CCUS) projects on October 31, 2022, aimed at accelerating decarbonization across industrial and energy sectors.

This partnership combines extensive expertise in CO₂ capture and sequestration, innovative technologies, and project execution capabilities, with a focus on hydrogen and ammonia production and natural gas processing. CCUS is crucial for achieving net-zero emissions by 2050, requiring over 6Gt of CO₂ to be abated annually, according to the IEA.

SLB and Linde have formed a strategic collaboration focused on carbon capture, utilization, and sequestration (CCUS) to drive decarbonization in various sectors including hydrogen and ammonia production, and natural gas processing. This partnership aims to leverage their extensive experience and innovative technologies to significantly reduce CO₂ emissions, aligning with the International Energy Agency's goal of abating over 6Gt of CO₂ annually by 2050. Both companies emphasize their commitment to creating low-carbon energy solutions for a sustainable future.

Linde plc reported strong financial results for Q3 2022, achieving sales of $8.8 billion, a 15% increase year-over-year. The operating profit reached $1.6 billion, with adjusted operating profit at $2.0 billion, up 11%. EPS rose to $2.54, with adjusted EPS at $3.10, marking a 14% increase. Operating cash flow stood at $2.6 billion, covering capital expenditures of $762 million and yielding free cash flow of $1.9 billion. Full-year adjusted EPS guidance is increased to $11.93 - $12.03, indicating 12-13% growth year-over-year.

Linde plc has announced a proposal for shareholders to vote on an intercompany reorganization that would lead to the delisting of its shares from the Frankfurt Stock Exchange. The plan involves creating a new holding company through an Irish scheme and merging it domestically. Shareholders will receive one share of the new company, also named Linde, for each share they own. The new holding company is expected to be listed on the New York Stock Exchange under the existing ticker LIN.