Overview
Linde Q3 revenue rises 3% YoY to $8.6 bln
Adjusted EPS for Q3 beats estimates, rising 7% YoY to $4.21
Adjusted operating profit of $2.6 bln beats estimates, driven by pricing and productivity
Outlook
Linde expects Q4 2025 adjusted EPS of $4.10 to $4.20
Company forecasts full-year 2025 adjusted EPS of $16.35 to $16.45
Linde plans $5 bln to $5.5 bln in 2025 capital expenditures
Result Drivers
PRICING AND PRODUCTIVITY - Higher pricing and productivity initiatives drove adjusted operating profit up 3% YoY
ACQUISITIONS - Sales increased by 1% due to acquisitions
CASH FLOW GROWTH - Operating cash flow rose 8% YoY, attributed to resilient performance amid stagnant industrial activity
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Meet | $8.6 bln | $8.60 bln (14 Analysts) |
Q3 Adjusted EPS | Beat | $4.21 | $4.17 (17 Analysts) |
Q3 EPS | $4.09 | ||
Q3 Adjusted EBIT | Beat | $2.60 bln | $2.56 bln (11 Analysts) |
Q3 EBIT | $2.40 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the commodity chemicals peer group is "buy"
Wall Street's median 12-month price target for Linde PLC is $519.00, about 17.2% above its October 30 closing price of $429.91
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 27 three months ago
Press Release: ID:nBw9rJd9Ka
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)