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Linde plc (NASDAQ:LIN) reported first-quarter 2024 results with sales of $8.1 billion, down 1%, adjusted operating profit of $2.3 billion, up 6%, and adjusted EPS of $3.75, up 10%. The company expects full-year 2024 adjusted EPS to be in the range of $15.30 to $15.60, representing 8% to 10% growth year-over-year.
Linde has signed an agreement with H2 Green Steel to supply industrial gases to the world's first large-scale green steel production plant. They will invest $150 million in an on-site air separation unit in Sweden, which is expected to reduce carbon emissions by up to 95% compared to traditional steelmaking. Linde's new ASU will start up by 2026 and will also supply gases to Linde's other customers in the local market.
Linde plc (Nasdaq: LIN) declared a quarterly dividend of $1.39 per share. The dividend will be payable on June 18, 2024, to shareholders of record on June 4, 2024.
Linde (Nasdaq:LIN) received a Leadership score from CDP for its approach to addressing both water security and climate change, achieving an 'A-' in both categories. Linde's products, technologies, and services help its customers avoid approximately 90 million metric tons of carbon dioxide equivalent each year. The company has been a constituent of DJSI World for 21 consecutive years.
