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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 has entered a long-term agreement with a major semiconductor manufacturer to supply industrial gases for a new $600 million manufacturing facility in Phoenix, Arizona. Linde will construct and operate on-site plants to deliver ultra-high-purity nitrogen, oxygen, and argon, tailored to the semiconductor industry’s stringent requirements. The initial phase of operations is scheduled to commence in the second half of 2022. This partnership is expected to significantly bolster the manufacturing capacity of the customer in the U.S., aligning with Linde’s mission to enhance productivity across various sectors.
Linde (NYSE: LIN) has released its 2020 Sustainable Development Report, which outlines its commitment to environmental, social, and governance (ESG) principles. The report reveals a 16% reduction in greenhouse gas emissions intensity since 2018, with a goal of 35% reduction by 2028. Linde also highlights its community engagement, with over 300 projects aiding education and health during the pandemic. The report emphasizes the company's core values and its ongoing efforts towards sustainability and productivity.
Linde (NYSE: LIN) has secured a long-term agreement with Infineon Technologies for on-site production and storage of high-purity green hydrogen at Infineon's Villach site in Austria. This initiative will mark the first use of green hydrogen in Infineon's semiconductor manufacturing process, aiming to reduce greenhouse gas emissions.
The project includes a two-megawatt electrolyzer plant and a compact air separation unit, expected to commence operations in 2022. Linde, a leader in clean hydrogen solutions, continues its commitment to sustainable manufacturing in the industrial gases sector.
Linde plc (LIN) reported second-quarter 2021 results with significant growth. Sales reached $7.6 billion, a 19% increase year-over-year. Operating profit was $1.1 billion, with adjusted operating profit at $1.8 billion, up 39%. The operating margin expanded by 350 basis points to 24.2%. Earnings per share (EPS) rose 84% to $1.60, while adjusted EPS was $2.70, up 42%. The full-year adjusted EPS guidance was raised to $10.10 - $10.30, indicating a strong outlook for growth.
Linde has inaugurated its new on-site facility in Qinzhou, China, supplying oxygen and industrial gases to Shanghai Huayi's chemical complex. The facility includes three air separation units with a capacity of 7,500 tons of oxygen and 5,000 tons of nitrogen per day. This $200 million investment enhances efficiency and reduces energy consumption and carbon emissions. Will Li, Linde's Head of Greater China, emphasizes the milestone in their partnership with Shanghai Huayi, anticipating further collaboration in expanding their network in China.
Linde plc (NYSE:LIN) has announced a quarterly dividend of $1.06 per share, payable on September 17, 2021 to shareholders of record on September 3, 2021. The company reported 2020 sales of $27 billion (€24 billion), emphasizing its commitment to enhancing productivity and sustainability across various industries. Linde’s industrial gases support critical sectors, including healthcare and manufacturing, aiming to improve customer efficiency and reduce emissions.
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Linde has inaugurated its fifth liquid hydrogen plant in La Porte, Texas, enhancing its hydrogen supply network across the U.S., which includes facilities in California, Alabama, Indiana, and New York.
The plant will produce over 30 tons per day of high-purity liquid hydrogen, sourced from Linde's extensive Gulf Coast pipeline, ensuring reliable supply. This expansion aims to improve efficiency and meet the rising demand for hydrogen across various sectors, including mobility, aerospace, and energy.
Linde (NYSE:LIN) will release its second quarter 2021 financial results on July 30, 2021, at 06:00 EDT/midday CEST. The company will host a webcast conference call at 9:00 EDT/15:00 CEST, accessible to the public in listen-only mode.
In 2020, Linde reported sales of $27 billion. The company provides solutions across multiple sectors, including healthcare, refining, and electronics, aiming to enhance productivity and sustainability.
Linde plc (NYSE: LIN) reported a strong first-quarter 2021 performance, with sales of $7.2 billion, marking a 7% increase year-over-year. Operating profit reached $1.2 billion, while adjusted operating profit rose 25% to $1.7 billion, resulting in an operating margin of 23.3%. EPS was reported at $1.86, up 74% year-over-year, and adjusted EPS was $2.49, a 32% increase. The company also projected a full-year adjusted EPS guidance of $9.60 to $9.80, reflecting 17% to 19% growth compared to last year.