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Linde Plc Q3 revenue rises 9% on higher pricing and volumes

By Reuters News


Overview

  • Industrial gases firm's Q3 revenue rose 9% yr/yr, with underlying sales up 5%

  • Adjusted EPS for Q3 rose 9% yr/yr

  • Sales growth driven by higher pricing and volumes in electronics, chemicals & energy, and manufacturing


Outlook

  • Linde expects Q4 2026 adjusted EPS of $4.40-$4.50, up 5%-7% year-on-year

  • Company sees full-year 2026 adjusted EPS of $17.82-$17.92, up 8%-9% year-on-year

  • Linde expects 2026 capital expenditures of $5.5 bln-$6.0 bln to support growth and maintenance


Result Drivers

  • HIGHER PRICING AND VOLUMES - Co said underlying sales growth was driven by increased pricing and volumes, mainly in electronics, chemicals & energy, and manufacturing

  • PRODUCTIVITY INITIATIVES - Co said actions to improve productivity contributed to performance in Q3

  • ROBUST CUSTOMER PROPOSALS - Co said strong customer proposal activity, especially in electronics, supported backlog growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$9.4 bln

Q3 Adjusted EPS

$4.59

Q3 EPS

$3.66

Q3 Adjusted EBIT

$2.8 bln

Q3 EBIT

$2.2 bln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the commodity chemicals peer group is "buy."

  • Wall Street's median 12-month price target for Linde PLC is €488.00, about 7.1% above its October 28 closing price of €455.60

  • The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 28 three months ago


Reuters Recommended Reads

  • Oct 29 - AI-driven electronics growth powers Air Liquide's sales acceleration

  • Oct 27 - Switzerland's INFICON Q3 sales jump, lifts FY outlook on firm semiconductor demand

  • Oct 29 - Germany's Aixtron Q3 revenue rises on AI demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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