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Linde plc - $LIN STOCK NEWS

Welcome to our dedicated page for Linde plc news (Ticker: $LIN), a resource for investors and traders seeking the latest updates and insights on Linde plc 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.

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FAQ

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.

Linde plc

NYSE:LIN

LIN Rankings

LIN Stock Data

208.71B
479.89M
0.2%
88.71%
1.31%
Specialty Chemicals
Basic Materials
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United States of America
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About LIN

Linde plc is a global multinational chemical company founded in Germany and, since 2018, domiciled in Ireland and headquartered in the United Kingdom. Linde is the worlds largest industrial gas company by market share and revenue.