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