Welcome to our dedicated page for Linde news (Ticker: LIN), a resource for investors and traders seeking the latest updates and insights on Linde stock.
Linde plc reports operating and capital-allocation news for a global industrial gases and engineering business. Updates center on quarterly results, underlying sales, operating profit, adjusted earnings, operating cash flow, project start-ups, productivity actions, dividends and stock repurchases.
The company serves chemicals and energy, food and beverage, electronics, healthcare, manufacturing, metals and mining markets. Linde news also covers applications for medical oxygen, ultra-high-purity and specialty gases for semiconductors, clean hydrogen, carbon capture, space launch technologies and gas processing solutions, along with compliance and governance recognition.
Linde (NYSE:LIN) has been awarded an 'A' rating by CDP for its commitment to water security, marking it as one of the few global companies to achieve this top score. CDP assesses approximately 12,000 companies based on their environmental risk management, with scores ranging from 'A' to 'D-'. Alongside its 'A' rating for water security, Linde earned an 'A-' for its climate change initiatives. The company aims for a 35% reduction in greenhouse gas emissions by 2035, with a vision of climate neutrality by 2050.
Summary not available.
Linde (NYSE:LIN) reported strong third-quarter results for 2021, achieving $7.7 billion in sales, a 12% increase year-over-year. The company posted an operating profit of $1.3 billion and an adjusted operating profit of $1.8 billion, up 19%. Earnings per share (EPS) reached $1.88, a 42% increase, while adjusted EPS was $2.73, reflecting a 27% growth. Operating cash flow was robust at $2.6 billion, a 36% rise. Linde raised its full-year EPS guidance to $10.52 - $10.62, indicating strong growth potential for the year.
Linde plc (NYSE:LIN) has declared a quarterly dividend of $1.06 per share, payable on December 17, 2021 to shareholders of record by December 3, 2021. This decision reflects Linde's commitment to providing returns to its investors while continuing to drive growth in its industrial gases and engineering sectors. In 2020, Linde achieved sales of $27 billion and serves diverse markets including healthcare and electronics. The company aims to enhance productivity and sustainability through innovative solutions.
Summary not available.
Linde (NYSE:LIN) has appointed Sanjiv Lamba as the new Chief Executive Officer, effective March 1, 2022, succeeding Steve Angel, who will become Chairman of the Board, replacing Wolfgang Reitzle. Lamba, who joined Linde as Chief Operating Officer in October 2020, has over 30 years of experience and has held various roles, including Executive Vice President for APAC and Managing Director for India. This leadership transition aims to continue Linde's strategic direction and operational excellence.
Linde has launched a new hydrogen production facility in Texas, enhancing its U.S. Gulf Coast capacity to approximately 1.5 billion cubic feet per day. The facility supplies high-purity hydrogen to the Phillips 66 Sweeny Refinery under a long-term agreement and connects to a 600-kilometer hydrogen pipeline. This expansion reflects Linde's commitment to supporting growing hydrogen demands while maintaining reliable supply systems. Despite macroeconomic challenges, the project was completed on budget, underscoring Linde's leadership in the clean hydrogen transition.
Linde (NYSE:LIN) will announce its third quarter 2021 financial results on October 28, 2021, at 06:00 EDT. A conference call will be held at 10:00 EDT, accessible to the public in a listen-only format. Investors can call in using specific toll-free numbers based on their location. The earnings release and related materials will be available on the company’s investor relations page. Linde, with 2020 sales of $27 billion, provides high-quality industrial gases across various sectors including healthcare and manufacturing.
Linde has been included in the FTSE4Good Index for the sixth consecutive year, recognized for its strong sustainability practices. This index, managed by FTSE Russell, evaluates over 7,200 companies against stringent environmental, social, and governance (ESG) criteria aligned with the UN Sustainable Development Goals. Linde's commitment to sustainability is highlighted by its initiatives to enhance customer environmental performance and internal ESG efforts. In 2020, Linde reported sales of $27 billion, serving various sectors including healthcare and manufacturing.
Linde (NYSE: LIN) announced plans to expand its air separation plant in Mims, Florida, increasing production capacity by nearly 50% to meet growing demand for industrial gases across various sectors like aerospace and healthcare. This expansion, expected to be completed in 2023, follows a previous project that doubled capacity in 2020. The company aims to enhance supply for contracts related to space launch propellant and other industries, highlighting its commitment to safe and reliable service.