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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 plc (LIN) reported second-quarter 2021 results with significant growth. Sales reached $7.6 billion, a 19% increase year-over-year. Operating profit was $1.1 billion, with adjusted operating profit at $1.8 billion, up 39%. The operating margin expanded by 350 basis points to 24.2%. Earnings per share (EPS) rose 84% to $1.60, while adjusted EPS was $2.70, up 42%. The full-year adjusted EPS guidance was raised to $10.10 - $10.30, indicating a strong outlook for growth.
Linde has inaugurated its new on-site facility in Qinzhou, China, supplying oxygen and industrial gases to Shanghai Huayi's chemical complex. The facility includes three air separation units with a capacity of 7,500 tons of oxygen and 5,000 tons of nitrogen per day. This $200 million investment enhances efficiency and reduces energy consumption and carbon emissions. Will Li, Linde's Head of Greater China, emphasizes the milestone in their partnership with Shanghai Huayi, anticipating further collaboration in expanding their network in China.
Linde plc (NYSE:LIN) has announced a quarterly dividend of $1.06 per share, payable on September 17, 2021 to shareholders of record on September 3, 2021. The company reported 2020 sales of $27 billion (€24 billion), emphasizing its commitment to enhancing productivity and sustainability across various industries. Linde’s industrial gases support critical sectors, including healthcare and manufacturing, aiming to improve customer efficiency and reduce emissions.
Linde has inaugurated its fifth liquid hydrogen plant in La Porte, Texas, enhancing its hydrogen supply network across the U.S., which includes facilities in California, Alabama, Indiana, and New York.
The plant will produce over 30 tons per day of high-purity liquid hydrogen, sourced from Linde's extensive Gulf Coast pipeline, ensuring reliable supply. This expansion aims to improve efficiency and meet the rising demand for hydrogen across various sectors, including mobility, aerospace, and energy.
Linde (NYSE:LIN) will release its second quarter 2021 financial results on July 30, 2021, at 06:00 EDT/midday CEST. The company will host a webcast conference call at 9:00 EDT/15:00 CEST, accessible to the public in listen-only mode.
In 2020, Linde reported sales of $27 billion. The company provides solutions across multiple sectors, including healthcare, refining, and electronics, aiming to enhance productivity and sustainability.
Linde plc (NYSE: LIN) reported a strong first-quarter 2021 performance, with sales of $7.2 billion, marking a 7% increase year-over-year. Operating profit reached $1.2 billion, while adjusted operating profit rose 25% to $1.7 billion, resulting in an operating margin of 23.3%. EPS was reported at $1.86, up 74% year-over-year, and adjusted EPS was $2.49, a 32% increase. The company also projected a full-year adjusted EPS guidance of $9.60 to $9.80, reflecting 17% to 19% growth compared to last year.
Linde Signs Record Number of Small On-Site Contracts in 2020
Linde (NYSE:LIN) announced a record 36 new small on-site contracts in 2020, reflecting a 20% increase from the previous year despite economic challenges. These contracts span various sectors, including pharmaceuticals and aerospace, providing Linde with a steady revenue stream. The company also launched 27 small on-site plants in 2020, further bolstering its growth strategy. With 2020 sales reaching $27 billion, Linde continues to enhance customer efficiency while supporting sustainability efforts.
Linde plc (NYSE: LIN) has declared a quarterly dividend of $1.06 per share, payable on June 17, 2021, to shareholders recorded by June 3, 2021. This demonstrates the company's commitment to returning value to shareholders. Linde reported $27 billion in sales for 2020, serving diverse markets like healthcare, chemicals, and electronics. As a leader in industrial gases and engineering, Linde aims to enhance productivity while promoting sustainability.
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