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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) will release its Q3 2022 financial results on October 27, 2022, at 06:00 EDT. A conference call will follow at 09:00 EDT, open to the public in listen-only mode. Investors can access the call via a US toll-free number or live webcast. The earnings release and presentation materials will be made available on the company’s investor relations website, coinciding with the call. Linde reported 2021 sales of $31 billion across diverse markets, emphasizing its commitment to enhancing productivity and sustainability.
Linde (NYSE:LIN) has successfully completed the sale of Gist Limited, its temperature-controlled logistics provider in the UK and Ireland, to Marks & Spencer Group plc as of September 30, 2022. This divestiture is part of Linde's strategy to streamline operations by shedding non-core assets. Linde, which reported $31 billion in sales for 2021, aims to enhance productivity through high-quality industrial gases and engineering solutions across various sectors, including healthcare, manufacturing, and energy.
Linde (NYSE:LIN) has announced plans to build a 35-megawatt PEM electrolyzer in Niagara Falls, New York, which will be the largest of its kind globally. This facility will more than double Linde's U.S. green hydrogen production capacity and is expected to start operations by 2025. Utilizing hydroelectric power, the plant aims to meet increasing demand from sectors such as aerospace and electronics. Linde's investment reflects its commitment to enhancing green hydrogen production and contributing to a sustainable energy economy.
Linde has inaugurated the world's first hydrogen refueling system for passenger trains in Bremervörde, Germany. This system will support 14 hydrogen-powered trains, each capable of traveling 1,000 km emission-free per refueling. With a daily capacity of around 1,600 kg of hydrogen, it is one of the largest systems built. Linde aims to decarbonize transport in Europe and has advanced capabilities for future green hydrogen generation. The company is a leader in hydrogen technology, owning the largest liquid hydrogen capacity and over 200 fueling stations globally.
Linde plc (NYSE: LIN) reported strong second-quarter results with sales of $8.5 billion, reflecting a 12% increase compared to the prior year. Adjusted operating profit rose 8% to $2.0 billion, resulting in an operating profit margin of 23.5%. Earnings per share (EPS) also increased, reaching $3.10, a 15% rise year-over-year. The company generated $2.1 billion in operating cash flow and returned $2.2 billion to shareholders. Linde lifted its adjusted EPS guidance for the year to between $11.73 and $11.93, suggesting robust growth.
Linde (NYSE:LIN) released its 2021 Sustainable Development Report, detailing significant progress towards sustainability goals. The company targets a 35% reduction in greenhouse gas emissions by 2035, using 2021 as a base year. Notably, Linde's technologies helped customers avoid over 88 million metric tons of CO2 emissions in 2021. Additionally, Linde diverted more than 200 million pounds of waste from landfills and cut its water usage by over 500 million gallons. The report also highlights the company's commitment to achieving 30% female representation globally by 2030.
Linde plc (NYSE:LIN) declared a quarterly dividend of $1.17 per share, payable on September 16, 2022, to shareholders of record on September 2, 2022. This decision reflects Linde's ongoing commitment to return value to its shareholders. With 2021 sales reaching $31 billion, Linde continues to excel in providing industrial gases and engineering solutions across various industries, including healthcare and manufacturing. The company emphasizes sustainability and efficiency in its operations.
Linde (NYSE:LIN) has entered a long-term agreement with PT Freeport Indonesia to deliver high-purity industrial gases to a new copper smelter and refinery in Manyar, Indonesia. Linde will also build, own, and operate an air separation unit (ASU) to supply oxygen and nitrogen. This facility, set to start in mid-2024, will be among the largest ASUs in Indonesia and aims to enhance energy efficiency. The copper smelter will process concentrates from Freeport's Grasberg mine, supporting the growing demand for copper in electrification.
Linde (NYSE:LIN) has been included in the FTSE4Good Index for the seventh consecutive year, recognizing its strong environmental, social, and governance (ESG) practices. The index evaluates over 7,200 securities based on strict criteria aligned with the UN Sustainable Development Goals. Linde aims for a 35% reduction in absolute greenhouse gas emissions by 2035 and climate neutrality by 2050. With 2021 sales of $31 billion, Linde provides essential products and services that enhance productivity while aiding in emission reduction efforts.
Linde (NYSE:LIN) will announce its Q2 2022 financial results on July 28, 2022, at 06:00 EDT. A conference call will follow at 09:00 EDT, available to the public in listen-only mode. Linde reported 2021 sales of $31 billion, serving various markets, including chemicals, healthcare, and electronics. The company's mission is to enhance productivity while promoting sustainability. Access to the earnings release and conference call can be found on Linde's investor relations page.
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