NYSE:LIN

Linde Rises 3% to $518 as Earnings Beat and Confident Guidance Reward Investors

Shares of Linde plc rose around 3% to $519 today, following the release of its first-quarter 2026 earnings, which highlighted resilient profitability and steady growth despite a challenging macro environment.

The industrial gases giant reported quarterly sales of $8.8 billion, marking an 8% year-over-year increase, supported by favorable currency effects and modest underlying growth. Organic sales rose 3%, driven by pricing gains and incremental volume growth from project start-ups, reinforcing the company’s ability to maintain momentum across key end markets.

Profitability remained a key strength. Operating profit reached $2.4 billion, while adjusted operating profit climbed to $2.6 billion, both up 8% compared to the same period last year. The company maintained a robust adjusted operating margin of 30.0%, underscoring strong cost discipline and efficiency across its global operations.

Earnings growth was particularly notable, with diluted EPS rising 13% to $3.98 and adjusted EPS increasing 10% to $4.33. This double-digit earnings expansion appears to have supported investor sentiment, contributing to the stock’s upward move.

Cash generation also remained solid. Linde posted operating cash flow of $2.2 billion, up 4% year-over-year, and generated $898 million in free cash flow after capital expenditures. The company continued to return significant capital to shareholders, distributing approximately $1.5 billion through dividends and share buybacks during the quarter.

From a regional perspective, the Americas and Asia-Pacific segments delivered strong growth, with underlying sales increasing 6% in both regions. In contrast, EMEA saw a slight decline in underlying sales due to weaker volumes, although margins in the region improved.

Looking ahead, management reaffirmed its full-year 2026 guidance, expecting adjusted EPS in the range of $17.60 to $17.90, representing 7% to 9% growth. For the second quarter, the company anticipates adjusted EPS between $4.40 and $4.50.

CEO Sanjiv Lamba emphasized the company’s resilience, highlighting strong margins, disciplined capital allocation, and consistent execution as key drivers of performance.

Overall, the earnings report reinforced Linde’s positioning as a high-quality industrial company with stable cash flows and pricing power. The combination of solid earnings growth, strong margins, and confident forward guidance appears to have driven the positive market reaction in its stock price.
Linde plc (Nasdaq: LIN) declared a quarterly dividend of $1.60 per share.

The dividend is payable on June 18, 2026, to shareholders of record on June 4, 2026.
Linde (Nasdaq: LIN) will release its first quarter 2026 financial results by 06:00 EDT on Friday, May 1, 2026.
Linde plc (Nasdaq: LIN) announced its Board of Directors has declared a 7% increase in the company's quarterly dividend to $1.60 per share.

The dividend is payable on March 26, 2026, to shareholders of record on March 11, 2026.
Linde (Nasdaq: LIN) will release its fourth quarter 2025 financial results by 06:00 EST/midday CET on Thursday, February 5, 2026. The Company will host and webcast its conference call at 09:00 EST/15:00 CET, which will be available to the public and the media in listen-only mode.
Linde secures $1.5 billion 364-day revolving credit facility

Linde plc has entered into a new unsecured 364-day revolving credit agreement totaling $1.5 billion, according to a Form 8-K filed on December 3, 2025. The facility, arranged with Bank of America and a syndicate of lenders, will be available for general corporate purposes and can be drawn in multiple currencies, including USD, GBP, and EUR. The agreement also provides swingline loan capacity of up to $50 million in US dollars and €25 million in euros.

The company and key subsidiaries, including Linde Inc., Linde GmbH, and Linde Finance B.V., are initial borrowers, with Linde plc guaranteeing all subsidiary obligations. Borrowings will bear interest tied to SOFR, EURIBOR, SONIA, or a base rate, plus a ratings-based margin. The credit line expires 364 days after signing, with an option to convert outstanding amounts into a one-year term loan. As of the filing date, no amounts had been drawn under the facility.
Linde Delivers Record EPS and Strong Cash Flow in Q3 2025

Linde (Nasdaq: LIN) reported third-quarter 2025 sales of $8.6 billion, up 3% year-on-year, with adjusted operating profit rising 3% to $2.6 billion and margins reaching 29.7%. Adjusted EPS increased 7% to $4.21, a company record, supported by higher pricing and strong productivity. Operating cash flow rose 8% to $2.9 billion, while $1.7 billion was returned to shareholders. The company expects Q4 adjusted EPS between $4.10 and $4.20 and full-year EPS of $16.35–$16.45, reflecting 5–6% annual growth.
Linde Declares Quarterly Dividend for Q4 2025

Linde plc (Nasdaq: LIN) announced that its Board of Directors has declared a quarterly dividend of $1.50 per share. The dividend will be payable on December 17, 2025, to shareholders of record as of December 3, 2025.
Linde (Nasdaq: LIN) will release its third quarter 2025 financial results by 06:00 EDT/11:00 CET on Friday, October 31, 2025. The Company will host and webcast its conference call at 09:00 EDT/14:00 CET.
Linde has announced that CEO Sanjiv Lamba will also become Chairman of the Board effective January 31, 2026, succeeding Steve Angel, who will retire after 25 years with the company, while Sean Durbin has been appointed Chief Operating Officer starting October 1, 2025.