Linde Plc Stock Price, News & Analysis

Linde (Nasdaq:LIN) has achieved a record number of new small on-site projects for nitrogen and oxygen supply for the fifth consecutive year. In 2024, the company secured 59 new long-term agreements to build, own, and operate 64 plants at customer sites.

The agreements span various end markets, with demand primarily driven by growth in electronics, including battery production for electric vehicles, as well as glass and metal manufacturers seeking emission reduction and efficiency improvements. These projects will utilize Linde's proprietary ECOVAR technology, designed for efficiency, adaptability, and reliability.

The projects meet Linde's investment criteria and are expected to quickly contribute to company growth while enhancing network density due to short execution timelines.

Linde (NASDAQ:LIN) has scheduled its fourth quarter 2024 financial results release for Thursday, February 6, 2025, at 06:00 EST/midday CET. The company will host a conference call and webcast at 09:00 EST/15:00 CET on the same day, available to the public and media in listen-only mode.

The earnings conference call will be accessible via US Toll-Free (1 888 770 7292) and UK Toll-Free (0800 358 0970) numbers using access code 6877110. A live webcast and replay will be available on Linde's investor relations website, along with the earnings release and presentation materials.

Linde (Nasdaq:LIN) has been included in the Dow Jones Sustainability World Index (DJSI World) for the twenty-second consecutive year, along with inclusion in DJSI North America. The company achieved the highest score among industrial gases companies in its 2024 Corporate Sustainability Assessment (CSA), placing in the 99th percentile among over 500 peer group companies and scoring in the 100th percentile for the Environment category.

The company's products and services helped customers avoid 91 million metric tons of carbon dioxide equivalent in 2023, more than double Linde's own global emissions. Linde maintains ambitious environmental goals, including a 2035 science-based absolute GHG emissions reduction target and 2050 climate neutrality ambition. The company is also recognized in the FTSE4Good Index and holds the Terra Carta Seal.

Linde (LIN) reported strong Q3 2024 results with sales of $8.4 billion, up 2% year-over-year. The company achieved an operating profit of $2.1 billion and adjusted operating profit of $2.5 billion, up 7%. Earnings per share reached $3.22, while adjusted EPS grew 9% to $3.94. Operating cash flow increased 8% to $2.7 billion, with free cash flow at $1.7 billion. The company's project backlog expanded to $10 billion, up by over $2 billion. Despite persistent weak economic trends, Linde raised its full-year 2024 adjusted EPS guidance to $15.40-$15.50, representing 9-10% growth year-over-year excluding FX impact.

Linde (NASDAQ:LIN) has initiated industrial gas supply to PT Freeport Indonesia, investing $120 million in a new on-site air separation unit (ASU). This facility, the largest ASU in Indonesia and Linde's largest in southeast Asia, will supply oxygen and nitrogen to PT Freeport's new copper smelter in Manyar, one of the world's largest copper processing sites. The ASU will also provide liquefied industrial gases to customers in East Java, expanding Linde's network density. The gases will help improve copper smelting efficiency by increasing production capacity while reducing fuel consumption and emissions.

Linde plc (NASDAQ:LIN) has announced that its Board of Directors declared a quarterly dividend of $1.39 per share. The dividend will be paid on December 17, 2024, to shareholders who are on record as of December 3, 2024.

Linde has signed agreements to acquire and operate two additional air separation units (ASUs) and expand industrial gas supply to Tata Steel in Odisha, India. The deal will more than double Linde's on-site capacity at Tata Steel's Kalinganagar facility, where it currently operates two plants. The new ASUs, expected to transfer in 2025, will supply oxygen, nitrogen, and argon to support Tata Steel's expansion project and serve the local merchant market. Linde has also secured renewable energy agreements to reduce Scope 2 emissions, aligning with its 2035 GHG reduction targets.

Linde (Nasdaq:LIN) has announced its schedule for the release of third quarter 2024 financial results. The company will disclose its earnings report on Thursday, October 31, 2024, at 06:00 EDT/11:00 CET. Following the release, Linde will host a conference call and webcast at 09:00 EDT/14:00 CET on the same day.

The conference call will be accessible to the public and media in listen-only mode. Interested parties can join via US Toll-Free (1 888 770 7292) or UK Toll-Free (0800 358 0970) numbers using the access code 6877110. A live webcast will also be available on the company's website. After the call, a web replay will be accessible on demand from 10:30 EDT/15:30 CET at Linde's investor relations page.

Linde (Nasdaq:LIN) has signed a long-term agreement to supply clean hydrogen to Dow's Fort Saskatchewan Path2Zero Project in Canada. The company will invest over $2 billion to build and operate a world-scale integrated clean hydrogen and atmospheric gases facility in Alberta. The complex will use autothermal reforming and Linde's proprietary HISORP® carbon capture technology to produce clean hydrogen and recover hydrogen from Dow's ethylene cracker off-gases.

The facility will supply clean hydrogen, nitrogen, and other services to support Dow's net-zero emissions integrated ethylene cracker and derivatives site. It will also provide clean hydrogen to other industrial customers for decarbonization. The complex will capture over 2 million metric tons of CO2 annually for sequestration. Set to be completed in 2028, it will be Canada's largest clean hydrogen production facility and one of the largest globally.