Linde plc (LIN) reported first-quarter 2025 adjusted earnings per share (EPS) of $3.95, which surpassed the Zacks Consensus Estimate of $3.93. The bottom line also improved from the year-ago quarter’s figure of $3.75.Total quarterly revenues of $8,112 million missed the Zacks Consensus Estimate of $8,258 million. However, the top line increased from the year-ago quarter’s level of $8,100 million. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The strong quarterly earnings were prim ...

Linde (LIN) reported $8.11 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 0.2%. EPS of $3.95 for the same period compares to $3.75 a year ago.The reported revenue represents a surprise of -1.77% over the Zacks Consensus Estimate of $8.26 billion. With the consensus EPS estimate being $3.93, the EPS surprise was +0.51%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

Financial Performance - For Q1 2025, Linde's sales were $8,112 million, flat compared to Q1 2024, with a 2% increase from higher price attainment and a 1% increase from acquisitions [103]. - Adjusted operating profit for Q1 2025 was $2,438 million, a 4% increase from Q1 2024, driven by higher pricing and productivity initiatives [106]. - Reported net income for Linde plc increased by $46 million, or 3%, in Q1 2025 compared to Q1 2024, driven by higher operating profit [123]. - Diluted earnings per share rose to $3.51 in Q1 2025, a 5% increase from $3.35 in Q1 2024, attributed to higher net income and lower diluted shares outstanding [124]. - EBITDA for Q1 2025 was $3,132 million, up from $3,092 million in Q1 2024, reflecting higher operating profit [126]. - Reported operating profit for Q1 2025 was $2,184 million, a 4% increase from $2,095 million in Q1 2024 [163]. - Adjusted net income for Q1 2025 was $1,880 million, compared to $1,821 million in Q1 2024, reflecting a 3% increase [164]. - Adjusted diluted EPS for Q1 2025 was $3.95, up from $3.75 in Q1 2024, representing a 5% increase [165]. - EBITDA for Q1 2025 was $3,132 million, with an adjusted EBITDA of $3,213 million, reflecting 39.6% of sales [165]. Expenses and Cost Management - Selling, general and administrative expenses decreased by $74 million, or 9%, in Q1 2025, representing 9.7% of sales compared to 10.6% in Q1 2024 [111]. - Cost of sales, exclusive of depreciation and amortization, decreased by $59 million, or 1%, for Q1 2025, with costs representing 51.2% of sales [110]. - The number of employees decreased to 65,069 in Q1 2025, down by 1,126 from the previous year, primarily due to ongoing cost reduction programs [125]. Taxation - The effective tax rate for Q1 2025 was 23.4%, up from 22.3% in Q1 2024, primarily due to lower tax benefits from share-based compensation [105]. Cash Flow and Investments - Net cash provided by operating activities for the first quarter was $2,161 million, compared to $1,954 million in 2024 [152]. - Capital expenditures for the first quarter were $1,270 million, an increase from $1,048 million in 2024 [152]. - Cash provided by operations for Q1 2025 was $2,161 million, an increase of $207 million or 11% compared to Q1 2024 [153]. - Net cash used for investing activities was $1,369 million in Q1 2025, up $328 million from the previous year, primarily due to higher capital expenditures of $1,270 million [154]. - The company reported a net cash decrease from financing activities of $388 million, an improvement from a decrease of $668 million in 2024 [152]. - Cash used for financing activities decreased to $388 million in Q1 2025 from $668 million in Q1 2024, with cash provided by debt increasing to $1,493 million [157]. Segment Performance - The Americas segment reported sales of $3,666 million, up 3% from $3,560 million in 2024, with operating profit increasing by 5% to $1,137 million [131][132]. - EMEA segment sales decreased by 3% to $2,031 million, while operating profit increased by 5% to $722 million, driven by higher pricing [134][138]. - APAC segment sales fell by 3% to $1,539 million, with operating profit increasing by 1% to $451 million, primarily due to productivity initiatives [139][142]. - Engineering segment sales rose by 5% to $565 million, with operating profit increasing by 14% to $114 million, attributed to project timing [143][145]. - Other segment sales decreased by 3% to $311 million, with operating profit declining by 26% to $14 million, impacted by higher helium costs [146][149]. Comprehensive Income and Backlog - Other comprehensive income for Q1 2025 was $131 million, mainly from currency translation adjustments of $134 million [128]. - As of March 31, 2025, Linde's gas backlog for large projects under construction was approximately $7.0 billion [155]. - Acquisitions net of cash acquired totaled $112 million in Q1 2025, mainly in the Americas and APAC regions [156]. Balance Sheet Highlights - Current assets increased to $8,561 million at the end of March 2025, up from $7,827 million at the end of December 2024 [181]. - Long-term liabilities rose to $68,980 million at the end of March 2025, compared to $64,848 million at the end of December 2024 [181]. - The amount due from non-guarantor subsidiaries in current assets was $4,542 million as of March 31, 2025 [181]. - The amount due to non-guarantor subsidiaries in current liabilities was $1,888 million as of March 31, 2025 [181]. - Transactions with non-guarantor subsidiaries amounted to $833 million for the three months ended March 31, 2025, and $7,177 million for the twelve months ended December 31, 2024 [181]. Future Outlook - The company is expected to provide further discussions on market risk in its 2024 Annual Report on Form 10-K [182].

Linde (LIN) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 Ladies and gentlemen, good day and thank you for standing by. Welcome to the Linde First Quarter twenty twenty five Earnings Call and Webcast. At this time, all participants are in a listen only mode. Please be advised that today's conference is being recorded. After the speakers' presentation, there will be a question and answer session. I would now like to hand the conference over to Mr. Juan Filaes, Head of Investor Relations. Please go ...

Linde (LIN) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Company Participants Juan Pelaez - Vice President of Investor RelationsSanjiv Lamba - CEO & Member of Board of DirectorsMatt White - EVP & CFOMichael Leithead - Director - Equity ResearchSteven Haynes - Vice President, Equity ResearchDavid Begleiter - Managing DirectorPeter Clark - Head of Global Chemicals Equity ResearchLaurent Favre - Managing DirectorMichael Sison - Managing DirectorJohn Roberts - Managing DirectorKevin McCarthy - PartnerJosh Spe ...

Core Viewpoint - Linde reported quarterly earnings of $3.95 per share, exceeding the Zacks Consensus Estimate of $3.93 per share, and showing an increase from $3.75 per share a year ago, indicating a positive earnings surprise of 0.51% [1] Group 1: Earnings Performance - The company has surpassed consensus EPS estimates for the last four quarters [2] - Linde's revenues for the quarter ended March 2025 were $8.11 billion, which missed the Zacks Consensus Estimate by 1.77%, and remained relatively flat compared to year-ago revenues of $8.1 billion [2] - The company has not beaten consensus revenue estimates over the last four quarters [2] Group 2: Stock Performance and Outlook - Linde shares have increased approximately 8.3% since the beginning of the year, contrasting with the S&P 500's decline of -5.3% [3] - The future performance of Linde's stock will depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $4.14 on revenues of $8.39 billion, and for the current fiscal year, it is $16.43 on revenues of $33.91 billion [7] Group 3: Industry Context - The Chemical - Specialty industry, to which Linde belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5][6]

EX-99.1 2 lin_ex991.htm PRESS RELEASE Linde Reports First-Quarter 2025 Results First-Quarter Highlights Woking, UK, May 1, 2025 – Linde plc (Nasdaq: LIN) today reported first-quarter 2025 net income of $1,673 million and diluted earnings per share of $3.51, up 3% and 5% respectively. Excluding Linde AG purchase accounting impacts and other charges, adjusted net income was $1,880 million, up 3% versus prior year. Adjusted earnings per share was $3.95, 5% above prior year. Linde's sales for the first quarter ...

May 1, 2025 Forward-Looking Statement Linde plc Investor Teleconference Presentation First Quarter 2025 This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, could, may, plan, project, predict, will, potential, forecast, and similar expressions. They are based on management's reasonable expecta ...

Linde plc (LIN) is set to report first-quarter 2025 results on May 1, before market open.Let us delve into the factors that are likely to have influenced the performance of this global industrial gas producer. However, before that, it would be worth reviewing LIN’s performance in the previous quarter.Highlights of Q4 Earnings & Surprise HistoryIn the last reported quarter, Linde’s earnings of $3.97 per share beat the Zacks Consensus Estimate of $3.93 due to higher pricing and increased volumes from the Amer ...

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