Linde Q2 Earnings Beat Forecasts, Shares Rise 1%

Linde reported Q2 earnings per share of $4.09, beating the consensus of $4.04, and revenue of $8.5 billion, topping estimates of $8.38 billion. Adjusted operating profit rose 6% to $2.6 billion, and operating cash flow increased 15% to $2.2 billion. Linde expects Q3 adjusted EPS of $4.10 to $4.20 and full-year EPS of $16.30 to $16.50, with full-year capital expenditures projected between $5.0 billion and $5.5 billion.

Linde plc (Nasdaq: LIN) reported strong second-quarter 2025 results, with earnings per share (EPS) of $4.09, surpassing the consensus estimate of $4.04, and revenue of $8.5 billion, which exceeded expectations of $8.38 billion. The company's adjusted operating profit rose 6% to $2.6 billion, while operating cash flow increased 15% to $2.2 billion [1].

Linde's adjusted operating profit margin improved to 30.1%, up 80 basis points from the prior year, driven by higher prices and productivity initiatives across all segments. The company's sales for the quarter were $8.5 billion, a 3% increase year-over-year, with underlying sales up 1%. The increase was partially offset by a 1% decrease in volumes, largely driven by the manufacturing end market [1].

For the third quarter of 2025, Linde expects adjusted diluted EPS to be in the range of $4.10 to $4.20, up 4% to 7% versus the prior-year quarter. For the full year 2025, the company expects adjusted diluted EPS to be in the range of $16.30 to $16.50, up 5% to 6% versus the prior year. Full-year capital expenditures are expected to be in the range of $5.0 billion to $5.5 billion [1].

Chief Executive Officer Sanjiv Lamba commented on the financial results and business outlook, stating, "For the second quarter, Linde once again demonstrated strong resiliency as our employees delivered high-quality results against a muted industrial economy. EPS grew 6% and operating margins expanded 80 basis points versus prior year. In addition, we continue to secure future, contractual growth with the addition of several new wins to the project backlog, including another long-term agreement to supply gases to a world-scale low-carbon ammonia facility in the U.S. Gulf Coast. The current $7.1 billion sale-of-gas backlog will ensure attractive growth for years to come, and I’m confident in our ability to add even more high-quality projects, especially in the electronic and clean energy end markets" [1].

References:
[1] https://finance.yahoo.com/news/linde-reports-second-quarter-2025-094000418.html