Linde’s Profit Climbs as Prices Offset Flat Demand

Linde reported Q3 2025 adjusted EPS of $4.21 (+7% YoY) on sales of $8.62 billion (+3%), maintained industry-leading margins, and narrowed full-year adjusted EPS guidance to $16.35–$16.45 (+5%–6%). Despite flat volumes, pricing and cost discipline lifted adjusted operating profit to $2.56 billion (+3%) with a 29.7% margin (+10 bps), while operating cash flow rose 8% to $2.95 billion. Details: Headline figures: Net income was $1.93 billion (GAAP), with diluted EPS of $4.09 (+27%). Adjusted net income reach ...