David Strauss, the Executive Vice President-Chief Human Resources Officer of Linde plc, will retire on March 31, 2026, after 35 years with the company. His official role will conclude on September 1, 2025, when Desiree Bacher, currently serving as Senior Vice President-Communications, AI, & Corporate Procurement, will take over as Senior Vice President-Chief Human Resources Officer.
These leadership changes may affect the company's human resources strategies and operations. Investors should note the timeline of Strauss's departure and Bacher's appointment as it could influence personnel decisions and organizational direction leading up to and following the transition.
linkAug 07, 2025 15:19:27
Linde plc held its Annual General Meeting of Shareholders on July 29, 2025, where 393,235,938 shares were present, representing 83.53% of the total shares entitled to vote. The shareholders elected ten nominees as directors to serve until the 2026 annual meeting and ratified the appointment of PricewaterhouseCoopers as the independent auditor. Additionally, shareholders approved the compensation for Named Executive Officers and the frequency of future advisory votes on this compensation to be held annually.
The proposal regarding the price range for re-allotting treasury shares was also approved. However, a shareholder proposal concerning an annual report on Linde’s lobbying and trade association activities was not acted upon due to the absence of the proponent or a representative at the meeting. These decisions may influence investor sentiment and the company's governance practices moving forward.
linkAug 01, 2025 13:36:47
Linde plc reported a net income of $1,766 million and diluted earnings per share of $3.73 for the second quarter of 2025, marking increases of 6% and 8% respectively compared to the previous year. The company's sales reached $8,495 million, a 3% increase year-over-year, with adjusted operating profit rising to $2,556 million, up 6%. Operating cash flow also improved, totaling $2,211 million, and free cash flow was reported at $954 million after capital expenditures of $1,257 million. Linde returned $1,811 million to shareholders through dividends and stock repurchases during the quarter.
By segment, Linde's Americas sales rose by 4% to $3,812 million, while APAC sales remained flat, and EMEA sales increased by 3%. The company anticipates adjusted diluted earnings per share for the third quarter of 2025 to be between $4.10 and $4.20, reflecting a 4% to 7% growth from the prior year. For the full year, adjusted diluted earnings per share are projected to be in the range of $16.30 to $16.50, indicating a 5% to 6% increase. Capital expenditures are expected to range from $5.0 billion to $5.5 billion to support growth initiatives.
linkAug 01, 2025 06:04:08
Linde plc announced first-quarter 2025 results, reporting a net income of $1,673 million and diluted earnings per share of $3.51, reflecting a year-over-year increase of 3% and 5%, respectively. Adjusted net income was $1,880 million, also up 3% compared to the previous year, with sales remaining flat at $8,112 million. The company noted a 1% increase in underlying sales due to price gains, although this was offset by a 1% decline in volumes, primarily in the manufacturing and metals & mining sectors. Operating profit for the quarter was $2,184 million, with an adjusted operating profit of $2,438 million, marking a 4% increase from the prior year. Operating cash flow rose 11% to $2,161 million, resulting in a free cash flow of $891 million after capital expenditures of $1,270 million. Linde returned $1,808 million to shareholders through dividends and stock repurchases during the quarter.
In terms of regional performance, sales in the Americas increased by 3%, while both APAC and EMEA regions experienced a 3% decline compared to the prior year. The company anticipates adjusted diluted earnings per share for the second quarter of 2025 to range between $3.95 and $4.05, and for the full year, the estimate is between $16.20 and $16.50. Linde also plans capital expenditures of $5.0 billion to $5.5 billion for the year to support growth initiatives, including a significant gas project backlog valued at $7.0 billion.
linkMay 01, 2025 07:11:34
Linde plc reported full-year sales of $33.0 billion, remaining flat compared to the previous year, but underlying sales saw a 2% increase. The company achieved an operating profit of $8.6 billion, with an adjusted operating profit rising to $9.7 billion, marking a 7% increase. The operating profit margin improved to 26.2%, and diluted earnings per share (EPS) was $13.62, up 8%. Additionally, Linde returned $7.1 billion to shareholders through dividends and share repurchases, and maintained a project backlog totaling $10.4 billion.
Conversely, the fourth-quarter results mirrored the annual trend, with sales of $8.3 billion remaining flat year-over-year. The EMEA segment experienced a 2% decline in sales, primarily due to lower volumes in manufacturing and chemicals. While the operating profit margin increased to 27.4%, the overall performance was impacted by challenging global macro conditions, particularly in foreign currency translation. The Linde Engineering segment also faced a 5% decrease in sales, highlighting some areas of weakness amidst the otherwise stable performance.
linkFeb 06, 2025 06:44:18
The press release discusses the entry into a material definitive agreement, indicating the creation of a direct financial obligation or an off-balance sheet arrangement. This suggests a significant development in the company's financial commitments that may impact its future operations.
However, the release lacks detailed information about the terms of the agreement or its potential implications for the company’s financial health. Additionally, there are no financial metrics or performance indicators provided that could help assess the overall impact of this new obligation.
linkDec 04, 2024 16:09:56
Linde plc reported a 1% increase in sales to $8.3 billion for Q2 2024, with adjusted earnings per share rising 8% to $3.85. Operating profit also grew 6%, reflecting successful pricing strategies and productivity improvements. However, operating cash flow decreased by 10% due to project prepayment timing. Despite economic uncertainties, Linde remains optimistic, projecting continued growth and strong shareholder returns.
linkAug 02, 2024 06:07:54
Linde's Q1 2024 results show $8.1 billion in sales, up 1% in underlying sales, with adjusted operating profit increasing by 6%. Adjusted EPS grew by 10% year-over-year. The company returned $1.7 billion to shareholders. CEO Sanjiv Lamba expressed pride in the team's performance despite economic challenges. The company expects 2024 adjusted EPS to grow by 8-10%. Segment sales varied, with the Americas flat, APAC growing, and EMEA slightly down. Linde focuses on industrial gases and engineering, serving various industries. A teleconference was held to discuss the results.
linkMay 02, 2024 06:37:32
Linde's full-year and fourth-quarter 2023 results show a 5% increase in underlying sales, a 15% rise in adjusted operating profit, and a 16% growth in adjusted EPS. The company returned $6.4 billion to shareholders and has a total project backlog of $8.5 billion. The 2024 guidance indicates expected growth in adjusted EPS. The CEO highlighted the company's strong performance and positive outlook despite uncertainties. Segment-wise, Americas, APAC, EMEA, and Linde Engineering all showed sales and profit growth.
linkFeb 06, 2024 06:11:34
The company has entered a material definitive agreement, creating a direct financial obligation. The details of the agreement are incorporated by reference.
linkDec 06, 2023 16:13:30