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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 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.
Linde (Nasdaq:LIN) has released its 2023 Sustainable Development Report, highlighting significant progress in sustainability initiatives. The company reduced its absolute greenhouse gas emissions by 4.4% compared to the 2021 baseline for its 2035 target. Linde helped customers avoid 91 million tons of CO2 equivalent, more than double its own emissions. The company saved 500 million gallons of water and diverted 250 million pounds of waste from landfills.
Linde introduced new sustainability commitments for 2024, including a $3 billion investment to decarbonize its operations, a 20% reduction in water withdrawal intensity at high-use sites in water-stressed areas, and expansion of its Zero Waste Program globally. The company also plans to implement sustainable development training across its workforce.
Linde (Nasdaq:LIN) has been recognized as a Top 50 company for diversity, equity, and inclusion by Fair360 (formerly DiversityInc). This marks Linde's first appearance on the Top 50 list after eight consecutive years as a 'Noteworthy Company'. The annual ranking evaluates 160 large U.S. employers across six categories, including leadership accountability, talent programs, and workplace practices.
Linde was also acknowledged in the Top Companies for Executive Women and Top Companies for Asian American Executives lists. Michelle Loo, Chief Diversity Officer at Linde, emphasized the company's commitment to creating an inclusive environment that supports employee development and drives business results. Inclusion is one of Linde's five core values, reflecting its dedication to building high-performance teams through diverse talent.
Linde (Nasdaq: LIN) will announce its second quarter 2024 financial results on Friday, August 2, 2024, by 06:00 EDT/midday CEST. The company will hold a conference call at 09:00 EDT/15:00 CEST, accessible to the public and media in listen-only mode. The US Toll-Free Dial-In Number is 1 888 770 7292, and the UK Toll-Free Dial-In Number is 0800 358 0970, with Access Code 6877110. A live webcast will be available at Linde's investor page. A web replay will be accessible from 10:30 EDT/16:30 CEST on the same day.
Linde plc (NASDAQ:LIN) reported first-quarter 2024 results with sales of $8.1 billion, down 1%, adjusted operating profit of $2.3 billion, up 6%, and adjusted EPS of $3.75, up 10%. The company expects full-year 2024 adjusted EPS to be in the range of $15.30 to $15.60, representing 8% to 10% growth year-over-year.
Linde has signed an agreement with H2 Green Steel to supply industrial gases to the world's first large-scale green steel production plant. They will invest $150 million in an on-site air separation unit in Sweden, which is expected to reduce carbon emissions by up to 95% compared to traditional steelmaking. Linde's new ASU will start up by 2026 and will also supply gases to Linde's other customers in the local market.
Linde plc (Nasdaq: LIN) declared a quarterly dividend of $1.39 per share. The dividend will be payable on June 18, 2024, to shareholders of record on June 4, 2024.
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