Linde delivers strong quarter despite weaker industry activity | Quarterly Reports
Industrial gases major Linde shrugged off a “stagnant” period of industrial activity to post a 24% rise in third quarter net income to $1.9bn, up $379m year-on-year. Quarterly operating profit totalled $2.4bn on the back of strong sales of $8.6bn. CEO Sanjiv Lamba said while Linde remains guarded on any near-term industrial recovery, he was confident its “time-tested capital allocation policy and disciplined investment approach will continue to value.” Americas sales of $3.8bn were up 6% on 2024, leading to an operating profit of $1.2bn, while APAC sales of $1.7bn were up 1% on last year. Compared with third quarter 2024, underlying sales decreased 1%, driven by stable volumes but 1% lower pricing, primarily due to helium’s value shrinking due to cheaper Russian supply being sold into Asia primarily. Europe, Middle East & Africa (EMEA)… Read More »Linde delivers strong quarter despite weaker industry activity | Quarterly Reports