Linde's Q3 2025 Earnings Report (2025.12.04)

【Buy First, Then Research】 Series First coverage of $LIN. A Nasdaq-100 constituent and the largest-weighted stock in the XLB ETF; industry leader in industrial gases. Key points 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 weak; Chemicals & Energy segment declined sequentially. ・ Current order backlog stands at $10 billion. ・ Tariff impacts are expected to sustain expansion in U.S. steel and metals industries. ・ 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. I have zero background in the chemical industry; the earnings call transcript appears far more interesting than the 10-Q filing. At a share price of ~$410, the P/E ratio stands at 25—reasonable valuation for an industry-leading company delivering +3% revenue growth and +6% EPS growth.

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Linde PLC Shares Newly Acquired by Triangle Securities Wealth Management

13 hours ago

Triangle Securities Wealth Management acquired approximately $2.44 million worth of Linde PLC shares in Q3. The company reported strong quarterly earnings beating estimates, maintaining analyst buy ratings.

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Linde PLC Shares Newly Acquired by Triangle Securities Wealth Management

Linde PLC Shares Newly Acquired by Triangle Securities Wealth Management

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