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Linde plc Ordinary Share - LIN STOCK NEWS

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.

News

Linde Recognized by S&P Global in The Sustainability Yearbook 2024

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Linde (LIN) has been recognized in S&P Global's Sustainability Yearbook 2024 for its sustainable business practices, ranking among the top 15% globally. The company's commitment to sustainability is evident through GHG emissions reduction targets, increased R&D spending on decarbonization, and expanded Human Rights policy.
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Linde Announces First Quarter 2024 Earnings and Conference Call Schedule

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Linde (LIN) to release first quarter 2024 financial results on May 2, 2024. Conference call and webcast details provided.
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Linde Increases Dividend 9%

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Linde plc (LIN) declares a 9% increase in quarterly dividend to $1.39 per share, marking the 31st consecutive year of dividend increases.
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Linde Board Elects Paula Rosput Reynolds as New Director

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Linde plc appoints Paula Rosput Reynolds as a new director, bringing extensive energy sector expertise to the board. Reynolds has a strong background in executive leadership and board service, with notable roles at Duke Energy Power Services, AGL Resources, Safeco Corporation, and AIG. She currently leads PreferWest LLC and serves on the boards of National Grid plc, General Electric Company, and BP plc.
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Linde plc: Linde Reports Full-Year and Fourth-Quarter 2023 Results (Earnings Release Tables Attached)

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Linde plc (NASDAQ:LIN) reported a 2% decrease in sales for the full year 2023, but underlying sales increased by 5%. Operating profit was $8.0 billion, adjusted operating profit was $9.1 billion, up 15%. The company returned $6.4 billion to shareholders. Fourth-quarter sales were $8.3 billion, up 5% YoY, with an operating profit of $2.0 billion. The company expects adjusted diluted earnings per share for 2024 to be in the range of $15.25 to $15.65, up 7% to 10% versus prior year. Linde generated strong operating cash flow of $9.3 billion in 2023 and invested $3.8 billion in capital expenditures.
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Linde Signs Long-Term Agreements to Purchase Renewable Energy in China

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Linde (Nasdaq:LIN) has signed two new long-term power purchase agreements for the supply of renewable energy in China, totaling 320 gigawatt hours per year. The agreements with Guangdong Energy Group and China Three Gorges Corporation will help reduce Linde's Scope 2 emissions and enable the company to supply industrial gases with a lower carbon intensity to its customers in China. The renewable energy will be generated by solar projects in Guangdong and Jiangsu, with supply starting in the first quarter of 2024. These agreements support Linde's progress towards its science-based absolute greenhouse gas reduction target for 2035 and its 2050 climate neutrality ambition.
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Linde Starts up Supply of Clean Hydrogen and Captured Carbon Dioxide to Celanese

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Linde (Nasdaq:LIN) announced that it is supplying clean hydrogen and captured carbon dioxide to Celanese, a global chemical and specialty materials company, for use in the production of methanol with a lower carbon intensity. This expansion of the existing long-term agreement aims to support Celanese's goal of reducing the carbon intensity of its products. Linde is actively aiding its customers' decarbonization efforts and investing in its Clear Lake facility to enable the production of essential chemicals with a lower carbon intensity, playing a key role in the clean energy transition.
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Linde Expands Agreement with Steel Authority of India Limited

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Linde (NASDAQ:LIN) has expanded its long-term agreement with Steel Authority of India Limited (SAIL) to supply industrial gases to SAIL's Rourkela steel plant in India. The expansion includes the construction of a new 1,000 tons per day air separation unit (ASU) at an investment of approximately $60 million, aimed to support SAIL's expansion and modernization program. The new facility is expected to come online in 2026 and will also supply industrial gases to Linde's existing and new local merchant customers in the region.
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Linde Signs Record Number of Small On-Site Projects in 2023

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Linde (LIN) announced a record number of new small on-site projects in 2023, with 53 projects signed totaling $270 million in capex. The projects utilize Linde's ECOVAR technology for nitrogen and oxygen supply, catering to sectors such as battery storage, glass, and metals. The company's oxy-fuel applications contribute to reduced fuel consumption and emissions, driving project wins. CEO Sanjiv Lamba highlighted the efficiency and sustainability benefits of Linde's small on-site technology and the popularity of modular multi-plant solutions.
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Linde Announces Fourth Quarter 2023 Earnings and Conference Call Schedule

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Linde (LIN) to release Q4 2023 financial results on February 6, 2024. Conference call and webcast details provided for public access.
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FAQ

What is the current stock price of Linde plc Ordinary Share (LIN)?

The current stock price of Linde plc Ordinary Share (LIN) is $454.78 as of November 22, 2024.

What is the market cap of Linde plc Ordinary Share (LIN)?

The market cap of Linde plc Ordinary Share (LIN) is approximately 216.6B.

What is Linde plc's primary business?

Linde plc is a global leader in the industrial gas sector, providing atmospheric and process gases to a variety of industries including chemicals, manufacturing, healthcare, and steelmaking.

Where is Linde plc headquartered?

Linde plc is headquartered in the United Kingdom and was founded in Germany.

What was Linde's revenue in 2023?

In 2023, Linde generated approximately $33 billion in revenue.

What are some of the gases Linde produces?

Linde produces a range of atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, carbon dioxide, and helium.

How does Linde contribute to sustainability?

Linde invests in clean hydrogen production, carbon capture technologies, and participates in projects that reduce carbon emissions and support the energy transition.

What recent achievements has Linde made?

Linde has increased production capacity at its Mims, Florida facility by 50% and signed a long-term agreement with H2 Green Steel for a green steel production plant in Sweden.

What recognition has Linde received for its business practices?

Linde has been recognized as one of the World's Most Ethical Companies by Ethisphere for the fourth consecutive year in 2024.

What are Linde's financial expectations for 2024?

For 2024, Linde expects adjusted diluted earnings per share to be in the range of $15.25 to $15.65, up 7% to 10% versus prior year.

How does Linde support the healthcare sector?

Linde supplies essential gases such as oxygen and nitrogen to the healthcare sector, supporting medical treatments and life-saving procedures.

Where can I find more information about Linde?

More information about Linde plc and its products and services can be found on their official website at www.linde.com.

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Linde plc Ordinary Share

NYSE:LIN

LIN Rankings

#44 Ranked by Market Cap
#1675 Ranked by Dividends

LIN Stock Data

216.56B
475.15M
0.21%
87.16%
1.13%
Specialty Chemicals
Industrial Inorganic Chemicals
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