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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 (NYSE:LIN) is set to release its first quarter 2023 financial results on April 27, 2023, at 06:00 EDT/midday CEST. A conference call will follow at 09:00 EDT/15:00 CEST, which will be available in listen-only mode for the public.
Key details include:
- Sales in 2022: $33 billion
- End markets served: chemicals & energy, healthcare, and more
Linde emphasizes its commitment to sustainability and decarbonization through its high-quality solutions.
Access the earnings release and presentation materials on April 27 at Linde's investor page.
Linde (NYSE:LIN) has partnered with Heidelberg Materials to establish a large-scale carbon capture and liquefaction facility at the Lengfurt plant in Germany. This initiative aims to capture, liquefy, and purify approximately 70,000 tons of carbon dioxide (CO₂) annually, significantly targeting emissions from cement production, which contributes to around 7% of global carbon emissions. The liquid CO₂ produced will primarily serve as feedstock for the chemicals and food & beverage sectors.
The project is described as one of the first large-scale implementations for the cement industry, addressing environmental performance priorities for heavy industrial clients and ensuring a stable CO₂ supply for the merchant market.
Linde (NYSE: LIN) has entered a long-term agreement with ExxonMobil (NYSE: XOM) to transport and permanently store up to 2.2 million metric tons of carbon dioxide annually from its new clean hydrogen production facility in Beaumont, Texas. This facility will supply hydrogen to OCI Global's new ammonia plant and other partners, focusing on supporting decarbonization efforts in various industries. Set to commence operations in 2025, Linde's project aims to enhance the transition to a low-carbon economy, with implications for both companies' sustainability goals.
Linde (NYSE:LIN) has commenced supplying liquid hydrogen to the world's first operational hydrogen-powered ferry, the MF Hydra, in Norway, marking a significant milestone in clean energy initiatives. The ferry, operated by Norled, has successfully completed sea trials and is now in commercial operation. Linde not only provides the hydrogen but also developed the necessary infrastructure, including the fuel containment system and bunkering facility. This endeavor underscores Linde's commitment to facilitating the shift towards decarbonization in mobility and its leadership in the hydrogen industry.
WOKING, UK / ACCESSWIRE / March 1, 2023 / Linde (NYSE:LIN) announced the successful completion of its intercompany reorganization, resulting in the delisting of its shares from the Frankfurt Stock Exchange. Effective March 2, 2023, Linde plc will be traded exclusively on the New York Stock Exchange under the ticker 'LIN'. The company plans to apply to the Irish High Court for a capital reduction to create distributable reserves, with the hearing date to be disclosed on their website. In 2022, Linde generated sales of $33 billion and operates in various sectors including energy, healthcare, and manufacturing.
WOKING, UK / ACCESSWIRE / February 28, 2023 / Linde plc (NYSE:LIN) has announced a 9% increase in its quarterly dividend to $1.275 per share, marking the 30th consecutive year of dividend increases. The dividend will be payable on March 28, 2023, to shareholders of record on March 14, 2023. Linde reported $33 billion in sales for 2022 and serves various industries, including chemicals, healthcare, and manufacturing, focusing on sustainability and technology solutions to aid in decarbonization and efficiency. This increase underscores the company's commitment to shareholder returns and financial stability.
Linde (NYSE:LIN) has announced that the Irish High Court hearings regarding its intercompany reorganization are set for February 27, 2023. If approved, the last trading day on the Frankfurt Stock Exchange will be February 28, 2023. Post-reorganization, shareholders will receive one share of the new holding company for each existing share.
The new entity, also named Linde plc, will trade solely on the NYSE under the ticker LIN starting March 2, 2023, with a new ISIN and CUSIP. The reorganization aims to simplify Linde's stock listings.
Linde plc (NYSE:LIN) reported its fourth-quarter and full-year 2022 financial results, highlighting a sales increase to $33.4 billion, up 8% year-over-year. Operating profit reached $5.4 billion, also up 8%, with an adjusted operating profit of $7.9 billion, reflecting a 10% increase. EPS rose by 12% to $8.23, while adjusted EPS increased 15% to $12.29. The company returned $7.5 billion to shareholders. For 2023, Linde expects adjusted EPS guidance of $13.15 to $13.55, indicating 9%-12% expected growth excluding currency effects.
Linde (NYSE:LIN) has entered into a long-term agreement to supply clean hydrogen and industrial gases to OCI's new blue ammonia plant in Beaumont, Texas. The project, with an investment of approximately $1.8 billion, involves building an on-site complex featuring autothermal reforming with carbon capture and a large air separation plant. Linde's facility will provide OCI with 1.1 million tons of blue ammonia annually and sequester over 1.7 million metric tons of CO2 emissions per year. The project is set to start in 2025 and aims to meet rising demand for decarbonization in various sectors.
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