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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) 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.
Linde plc reported strong first-quarter results for 2022, with sales reaching $8.2 billion, a 13% increase from the prior year. Operating profit was $1.5 billion, while adjusted operating profit rose to $1.9 billion, also up 13%. EPS saw an 18% growth to $2.30, with adjusted EPS at $2.93, marking an 18% increase. The full-year adjusted EPS guidance has been raised to $11.65 - $11.90, indicating a growth of 9% to 11% year-over-year. Linde emphasized resilience amidst geopolitical challenges, particularly in their operations in Russia.
Linde plc (NYSE:LIN) announced a quarterly dividend of $1.17 per share, payable on June 17, 2022, to shareholders of record as of June 3, 2022.
In 2021, the company reported sales of $31 billion (€26 billion), emphasizing its commitment to enhancing productivity while supporting sustainability through its industrial gases and engineering solutions across various sectors, including healthcare, chemicals, and electronics.
Linde (NYSE:LIN) announced a new long-term helium off-take agreement with Freeport LNG in Texas, aimed at recovering helium from its production site. The agreement includes the construction of a helium processing plant to purify and liquify the gas, contributing nearly 200 million cubic feet to Linde's supply portfolio by 2024. This helium will support various sectors including aerospace, electronics, and healthcare, meeting the increasing demand in both domestic and international markets. The project highlights Linde's commitment to enhancing the domestic supply of helium.
Linde (NYSE:LIN) has signed a long-term agreement with a major space launch company in Florida for bulk industrial gas supply. This includes liquid oxygen and nitrogen from Linde's air separation plant in Mims, which is undergoing a 50% production capacity expansion expected to be operational in 2023. This agreement aims to meet rising demands from various sectors including aerospace, healthcare, and food processing. Linde reported 2021 sales of $31 billion, showcasing its commitment to providing essential industrial gases and solutions.
Linde (NYSE:LIN) has announced the expansion of its La Porte, Texas facility, set to begin operations in 2024. This project will double the facility's merchant liquid production capacity, addressing increased demand from various sectors, including petrochemicals, clean energy, and manufacturing. The expansion will enhance Linde's supply capabilities in the U.S. Gulf Coast and support its existing pipeline system, which includes nitrogen and oxygen pipelines.
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