Welcome to our dedicated page for Linde plc Ordinary Share news (Ticker: LIN), a resource for investors and traders seeking the latest updates and insights on Linde plc Ordinary Share stock.
Linde plc (symbol: LIN) is a global leader in the industrial gas sector, delivering critical gas products and technologies to a wide array of industries. Founded in Germany and headquartered in the United Kingdom since 2018, Linde operates in over 100 countries, providing atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, carbon dioxide, and helium. Linde's innovative solutions serve diverse markets such as chemicals, manufacturing, healthcare, and steelmaking.
In 2023, Linde generated approximately $33 billion in revenue, driven by a robust portfolio and strategic initiatives. The company reported a net income of $1,543 million for the fourth quarter alone and saw a 16% increase in diluted earnings per share to $3.16. Linde's operations are marked by efficiency and profitability, achieving an adjusted operating profit margin of 27.4% in the fourth quarter of 2023.
Linde's commitment to sustainable practices is evident in its projects and partnerships. The company continues to invest in clean hydrogen production and carbon capture technologies, essential for the energy transition. Recent expansions include increasing the capacity of its Mims, Florida facility by 50% and signing a long-term agreement with H2 Green Steel for a green steel production plant in Sweden.
Linde has also been recognized for its commitment to business integrity and ethics, receiving the 2024 World's Most Ethical Companies recognition from Ethisphere. This accolade marks Linde's fourth consecutive year on the list, highlighting its dedication to ethical practices and compliance.
Looking ahead, Linde is poised for continued growth and innovation. With a high-quality project backlog of $8.5 billion and a strategic focus on high-quality growth opportunities, the company expects robust earnings growth for years to come. For the full year 2024, Linde projects adjusted diluted earnings per share in the range of $15.25 to $15.65, reflecting an increase of 7% to 10% compared to the prior year.
Linde plc reported strong first-quarter results for 2022, with sales reaching $8.2 billion, a 13% increase from the prior year. Operating profit was $1.5 billion, while adjusted operating profit rose to $1.9 billion, also up 13%. EPS saw an 18% growth to $2.30, with adjusted EPS at $2.93, marking an 18% increase. The full-year adjusted EPS guidance has been raised to $11.65 - $11.90, indicating a growth of 9% to 11% year-over-year. Linde emphasized resilience amidst geopolitical challenges, particularly in their operations in Russia.
Linde plc (NYSE:LIN) announced a quarterly dividend of $1.17 per share, payable on June 17, 2022, to shareholders of record as of June 3, 2022.
In 2021, the company reported sales of $31 billion (€26 billion), emphasizing its commitment to enhancing productivity while supporting sustainability through its industrial gases and engineering solutions across various sectors, including healthcare, chemicals, and electronics.
Linde (NYSE:LIN) announced a new long-term helium off-take agreement with Freeport LNG in Texas, aimed at recovering helium from its production site. The agreement includes the construction of a helium processing plant to purify and liquify the gas, contributing nearly 200 million cubic feet to Linde's supply portfolio by 2024. This helium will support various sectors including aerospace, electronics, and healthcare, meeting the increasing demand in both domestic and international markets. The project highlights Linde's commitment to enhancing the domestic supply of helium.
Linde (NYSE:LIN) has signed a long-term agreement with a major space launch company in Florida for bulk industrial gas supply. This includes liquid oxygen and nitrogen from Linde's air separation plant in Mims, which is undergoing a 50% production capacity expansion expected to be operational in 2023. This agreement aims to meet rising demands from various sectors including aerospace, healthcare, and food processing. Linde reported 2021 sales of $31 billion, showcasing its commitment to providing essential industrial gases and solutions.
Linde (NYSE:LIN) has announced the expansion of its La Porte, Texas facility, set to begin operations in 2024. This project will double the facility's merchant liquid production capacity, addressing increased demand from various sectors, including petrochemicals, clean energy, and manufacturing. The expansion will enhance Linde's supply capabilities in the U.S. Gulf Coast and support its existing pipeline system, which includes nitrogen and oxygen pipelines.
Linde (NYSE:LIN) is set to release its Q1 2022 financial results on April 28, 2022, at 06:00 EDT (midday CEST). A conference call will follow at 09:00 EDT (15:00 CEST), available for public listening. Linde generated $31 billion in sales in 2021, offering industrial gases and engineering solutions across diverse sectors like healthcare and manufacturing. The earnings release and presentation materials will be accessible on Linde's investor relations webpage.
Linde plc (NYSE:LIN) announced a quarterly dividend of $1.17 per share, marking a 10% increase from the previous quarter, payable on March 25, 2022. Additionally, the company has launched a new $10 billion share repurchase program, replacing the previous $5 billion program that was recently completed. The new program will allow repurchase of up to 15% of outstanding shares with an expiration date set for July 31, 2024. Linde continues to emphasize strong cash flow and shareholder rewards through dividends and repurchases.
Linde plc reported strong financial results for 2021, achieving sales of $30.8 billion, a 13% increase year-over-year. Operating profit surged to $5.0 billion, up 50%, with an operating profit margin of 16.2%. Adjusted EPS rose to $10.69, marking a 30% increase. In Q4, sales reached $8.3 billion, a 14% YoY increase. The company plans for 2022 adjusted EPS guidance of $11.55 to $11.85, signaling 10-13% growth. Linde emphasizes a $13 billion backlog, aiming to maintain strong future performance.
Linde has signed a long-term agreement with BASF to supply hydrogen and steam, marking a significant expansion in their collaboration. Linde will construct and operate a new hydrogen production facility in Chalampé, France, effectively doubling its existing capacity at the site. This facility, set to become operational in the first half of 2024, will support BASF's new hexamethylenediamine manufacturing facility and cater to rising demand from local customers. Linde is a leader in hydrogen production, with a robust global distribution network.
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