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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 Signs Record Number of Small On-Site Contracts in 2020
Linde (NYSE:LIN) announced a record 36 new small on-site contracts in 2020, reflecting a 20% increase from the previous year despite economic challenges. These contracts span various sectors, including pharmaceuticals and aerospace, providing Linde with a steady revenue stream. The company also launched 27 small on-site plants in 2020, further bolstering its growth strategy. With 2020 sales reaching $27 billion, Linde continues to enhance customer efficiency while supporting sustainability efforts.
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Linde plc (NYSE: LIN) has declared a quarterly dividend of $1.06 per share, payable on June 17, 2021, to shareholders recorded by June 3, 2021. This demonstrates the company's commitment to returning value to shareholders. Linde reported $27 billion in sales for 2020, serving diverse markets like healthcare, chemicals, and electronics. As a leader in industrial gases and engineering, Linde aims to enhance productivity while promoting sustainability.
Linde (NYSE:LIN) is set to release its first quarter 2021 financial results on May 6, 2021, at 06:00 EDT. The company will host a conference call at 10:00 EDT, available to the public in listen-only mode. Linde reported 2020 sales of $27 billion, delivering industrial gases and engineering solutions across diverse markets such as healthcare, food & beverage, and electronics. Access to earnings materials will be available that same day. For additional information, visit www.linde.com.
Linde (NYSE:LIN) has been selected by Norwegian ferry operator Norled to supply liquid hydrogen and infrastructure for the world's first operational hydrogen-powered ferry, MF Hydra. This partnership will see Linde provide a full-service hydrogen solution, including onshore and onboard storage and safety equipment. Hydrogen supply will begin in 2022, aiming to cut the ferry's carbon emissions by up to 95%. Linde's electrolyzer at the Leuna Chemical Complex will produce green hydrogen, showcasing the company's leadership in the transition to clean energy solutions.
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Linde has successfully initiated operations at two new air separation units (ASUs) to supply oxygen and nitrogen to Wanhua Chemical Group, the largest global producer of isocyanate (MDI). This expansion enhances their existing facilities in Yantai, China, contributing to improved energy efficiency and operational flexibility. The collaboration marks a significant milestone in their partnership, highlighting Linde's reliability and commitment to supporting Wanhua's global growth. In 2020, Linde reported sales of $27 billion, underscoring its position as a leader in the industrial gases sector.
Linde Reports Full-Year and Fourth-Quarter 2020 Results
For 2020, Linde achieved sales of $27.2 billion (down 3%) and operating profit of $3.3 billion. Adjusted EPS increased by 12% to $8.23. In Q4, sales rose to $7.3 billion (up 3% YoY), with adjusted EPS at $2.30, up 22%. The company anticipates 2021 adjusted EPS between $9.10 and $9.30, signaling 11% to 13% growth. Linde returned $4.4 billion to shareholders through dividends and buybacks, and reduced GHG emissions intensity by 16% since 2018.
Linde (NYSE: LIN) has partnered with Hyosung Corporation to develop extensive liquid hydrogen infrastructure in South Korea. This initiative supports the country's goal of achieving net zero emissions by 2050. Linde will build Asia's largest liquid hydrogen facility in Ulsan, capable of producing over 30 tons daily, enough to power 100,000 vehicles and reduce carbon emissions by 130,000 tons annually. The project aims to enhance the hydrogen supply chain and establish a network of hydrogen refueling stations across South Korea.