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

Q1 operating profit was $2.184 billion; adjusted operating profit rose 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 Q1 performance in the Americas region 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 those 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 stemmed from 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: although prices remained stable, volumes fell 1%, mainly 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%, primarily in the metals & mining, and chemicals & energy end markets. Operating profit totaled $722 million, or 35.5% of sales—260 basis points higher than last year. Linde CEO Commentary: Navigating headwinds with industry-leading return on capital

2025-12-04 Linde Q3 2025 Earnings Report

[Lock in first, then research] Series First 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 backlog stands at $10 billion. ・ Anticipates continued expansion of the U.S. steel and metals industries 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 interesting than the 10-Q filing. At a share price around $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 stock holds firm after Q2 beat and higher guidance

Aug 18, 2026

Linde plc reported Q2 2026 revenue of $9.29 billion and raised its full-year adjusted EPS guidance to $17.70–$17.90, exceeding analyst estimates. Investors remain bullish with an average price target suggesting 13.3% upside.

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