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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 $15.65, reflecting an increase of 7% to 10% compared to the prior year.
Linde has expanded its agreement with Celanese Corporation to supply carbon dioxide and hydrogen to its Clear Lake, Texas facility. This expansion allows Celanese to use captured carbon dioxide and hydrogen for methanol production, significantly reducing carbon intensity. The supply is expected to begin in the first half of 2023. This partnership aligns with Celanese's goals of minimizing operational impact and enhancing environmental sustainability. Linde aims to assist customers in producing essential chemicals with a lower carbon footprint while simultaneously reducing its own emissions.
Linde (NYSE:LIN) has signed a significant agreement to supply high-purity industrial gases to a leading semiconductor manufacturer based in Singapore. The company plans to build and operate a state-of-the-art SPECTRA generator for ultra-high-purity nitrogen and oxygen, set to begin operations by late 2022. This project is part of over US$ 1 billion in new electronics contracts secured by Linde in the past year, reinforcing its position in the semiconductor market. Linde's commitment to reliability and efficiency is highlighted in meeting the stringent needs of the semiconductor industry.
The Health Transformation Alliance (HTA) announced its first annual Member awards for 2021, recognizing Linde as Member of the Year and Wayne Farms as Innovator of the Year. Linde was praised for deploying multiple clinical vendor solutions and maintaining stable pharmacy costs since 2014. It also played a significant role in HTA initiatives. Wayne Farms was acknowledged for its innovative healthcare strategies, including a specialty drug carve-out and fraud management initiatives, successfully rolling back healthcare costs to 2018 levels without passing costs to employees. Both companies contributed significantly to improving healthcare quality and affordability.
Linde (NYSE:LIN) reported a record year for small on-site contracts in 2021, signing 43 new projects, marking a 19% increase from 2020. The total value of new agreements reached $170 million, spanning 20 countries and various sectors, including energy and manufacturing. These contracts, requiring investments below $5 million, will generate a consistent revenue stream for Linde. The company also commenced 32 small on-site projects in the same year, contributing to overall growth and sustainability efforts.
Linde (NYSE:LIN) is set to announce its fourth quarter 2021 financial results on February 10, 2022, at 06:00 EST. The company will host a webcast conference call at 10:00 EST, accessible to the public. Linde reported $27 billion in sales for 2020, providing industrial gases for various sectors including healthcare and electronics. This upcoming earnings release may address financial performance trends and outlook, influencing investor sentiment.
Linde (NYSE:LIN) has been awarded an 'A' rating by CDP for its commitment to water security, marking it as one of the few global companies to achieve this top score. CDP assesses approximately 12,000 companies based on their environmental risk management, with scores ranging from 'A' to 'D-'. Alongside its 'A' rating for water security, Linde earned an 'A-' for its climate change initiatives. The company aims for a 35% reduction in greenhouse gas emissions by 2035, with a vision of climate neutrality by 2050.
Linde (NYSE:LIN) reported strong third-quarter results for 2021, achieving $7.7 billion in sales, a 12% increase year-over-year. The company posted an operating profit of $1.3 billion and an adjusted operating profit of $1.8 billion, up 19%. Earnings per share (EPS) reached $1.88, a 42% increase, while adjusted EPS was $2.73, reflecting a 27% growth. Operating cash flow was robust at $2.6 billion, a 36% rise. Linde raised its full-year EPS guidance to $10.52 - $10.62, indicating strong growth potential for the year.
Linde plc (NYSE:LIN) has declared a quarterly dividend of $1.06 per share, payable on December 17, 2021 to shareholders of record by December 3, 2021. This decision reflects Linde's commitment to providing returns to its investors while continuing to drive growth in its industrial gases and engineering sectors. In 2020, Linde achieved sales of $27 billion and serves diverse markets including healthcare and electronics. The company aims to enhance productivity and sustainability through innovative solutions.
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