Investing.com — On Thursday, Linde plc (NASDAQ:LIN) reported third-quarter results that exceeded analyst expectations, with adjusted earnings per share of $4.59 beating the consensus estimate of $4.52 by $0.07.
Shares of the industrial gases company rose 3.23% in pre-market trading following the announcement.
Revenue reached $9.4 billion, surpassing the $9.16 billion analyst estimate and marking a 9% increase YoY.
The company’s adjusted EPS rose 9% YoY, driven by 3% price attainment and 2% volume growth primarily in the electronics, chemicals & energy, and manufacturing end markets. Underlying sales increased 5% compared to the prior year. CEO Sanjiv Lamba said, “Linde’s financial performance continued to improve in the third quarter, with record sales of $9.4 billion and record EPS of $4.59, alongside strong operating cash flow of $3.2 billion.”
For the fourth quarter of 2026, Linde expects adjusted EPS in the range of $4.40 to $4.50, representing 5% to 7% growth versus the prior-year quarter. The company issued full-year 2026 adjusted EPS guidance of $17.82 to $17.92, representing 8% to 9% growth. The midpoint of $17.87 falls slightly below the analyst consensus of $17.88.
Operating cash flow increased 8% YoY to $3.2 billion, while adjusted operating profit rose 8% to $2.8 billion. The company maintained an adjusted operating profit margin of 29.4%. During the quarter, Linde returned $1.7 billion to shareholders through dividends and stock repurchases.
The Americas segment led regional performance with sales up 11% and underlying sales growth of 9%. The company’s project backlog stood at $11 billion, with full-year capital expenditures expected between $5.5 billion and $6.0 billion.
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Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
