Linde Plc Stock Price, News & Analysis

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.

Linde plc (Nasdaq:LIN) reported strong second-quarter 2024 results, with sales reaching $8.3 billion, up 1% year-over-year, and underlying sales increasing by 3%. The company's adjusted operating profit rose 6% to $2.4 billion, with an adjusted operating profit margin of 29.3%, up 140 basis points. Adjusted earnings per share (EPS) grew 8% to $3.85. Linde's CEO, Sanjiv Lamba, highlighted the company's ability to grow its integrated industrial gas model while securing high-quality growth opportunities. For the full year 2024, Linde expects adjusted EPS to be in the range of $15.40 to $15.60, representing 9% to 11% growth year-over-year, excluding foreign exchange impacts.

Linde (Nasdaq: LIN) has been included in the FTSE4Good Index Series for the ninth consecutive year, recognizing its strong environmental, social, and governance (ESG) practices. The FTSE4Good Index, created by FTSE Russell, evaluates companies based on factors such as corporate governance, health & safety, anti-corruption, and climate change.

Linde's sustainability efforts have helped customers avoid approximately 91 million metric tons of carbon dioxide equivalent in 2023, which is more than double the company's own global emissions. Linde has set ambitious climate goals, including a 2035 science-based absolute GHG emissions reduction target and a 2050 climate neutrality ambition. The company has also announced new targets in water reduction and waste management.

Linde plc (Nasdaq: LIN) has announced a quarterly dividend of $1.39 per share for the third quarter of 2024. The dividend will be payable on September 18, 2024 to shareholders of record as of September 4, 2024. This declaration by the Board of Directors demonstrates Linde's commitment to returning value to its shareholders through consistent dividend payments. The announcement provides important information for current and potential investors regarding the company's dividend policy and upcoming payment schedule.