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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 (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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