Linde’s Q1 sales amounted to $8.1 billion, with strong performance in the Americas region.

Operating profit for the first quarter was $2.184 billion; adjusted operating profit increased 4% year-on-year to $2.438 billion, driven by price increases and ongoing productivity initiatives across all business segments. Adjusted operating margin stood at 30.1%, up 120 basis points year-on-year. Strong performance in the Americas region in Q1 By region: The Americas delivered robust results in Q1, with sales up 3% year-on-year. Sales in the Asia-Pacific region declined 1%, while sales in Europe, the Middle East, and Africa (EMEA) fell 3%. Americas region sales totaled $3.666 billion in Q1, up 3% year-on-year. This growth reflected a 3% price increase and a 1% volume increase—primarily in the electronics, chemicals, and energy end markets—resulting in a 4% year-on-year increase in underlying sales. Operating profit reached $1.137 billion, representing 31.0% of sales—40 basis points higher than last year. Asia-Pacific region sales amounted to $1.539 billion, down 3% year-on-year. Underlying sales declined 1% year-on-year: prices remained stable, but volumes fell 1%, primarily in the metals, mining, and manufacturing end markets. Operating profit totaled $451 million, or 29.3% of sales—120 basis points higher than last year. Europe, the Middle East, and Africa (EMEA) region sales totaled $2.031 billion, down 3% year-on-year. Underlying sales declined 1% year-on-year: although prices rose 2%, volumes dropped 3%, mainly in the metals & mining, and chemicals & energy end markets. Operating profit amounted to $722 million, or 35.5% of sales—260 basis points higher than last year. Linde CEO Commentary: Sailing Against the Wind—Industry-Leading Return on Capital

2025.12.04 Linde Q3 2025 Earnings Report

[Lock in First, Then Analyze] Series Initial coverage of $LIN. A Nasdaq-100 constituent and the largest weighting in the XLB ETF—industry leader in industrial gases. Key takeaways from earnings report, presentation materials, and earnings call: ・ Consumer demand (Linde classifies the electronics sector as part of the consumer market) remains resilient, primarily driven by semiconductor manufacturing—especially advanced process nodes. ・ Industrial demand remains cyclically soft; Chemicals & Energy (C&E) showed sequential decline. ・ Current order backlog stands at $10 billion. ・ Anticipates continued expansion of the U.S. steel and metals industry due to tariff impacts. ・ Demand for industrial gases from commercial spaceflight is growing at double-digit rates. ・ The majority of current potential projects originate from the Americas and Asia. Have virtually no background in the chemical industry; the earnings call transcript appears far more engaging than the 10-Q filing. At a share price of ~$410, the current P/E ratio stands at 25—appearing reasonable for an industry-leading company delivering 3% revenue growth and 6% EPS growth.

Linde plc (LIN) Seasonal Returns Chart - Yahoo Finance

2 days ago

Linde plc presents a seasonal returns chart showing average monthly price performance from 2016 to 2026, accompanied by real-time stock data and a link to the Q3 2026 earnings call replay.

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Linde plc Seasonal Returns Chart

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Linde plc Seasonal Returns Chart

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2026-04-08

Asio Capital LLC Increases Stake in Linde PLC

2026-04-08

Yousif Capital Management LLC Sells 2,739 Shares of Linde PLC

2026-04-09

BIP Wealth LLC Acquires 3,403 Shares of Linde PLC