Linde Shares Dip 0.18% Despite $1.02B Volume Ranking 107th Q2 Earnings Highlight 3% Sales Growth and $2.6B Profit Surge

Linde (LIN) closed on August 1, 2025, with a 0.18% decline, trading at a volume of $1.02 billion, ranking 107th in market activity. The stock’s modest drop contrasts with its strong Q2 2025 financial performance, which included $8.5 billion in sales (up 3% YoY), $2.6 billion in adjusted operating profit (6% growth), and $4.09 in adjusted EPS (6% YoY increase). The company returned $1.81 billion to shareholders via dividends and buybacks during the quarter.

Underlying sales rose 1% despite 1% lower volumes, driven by pricing gains and productivity initiatives. Operating margins expanded to 30.1%, up 80 basis points year-on-year. CEO Sanjiv Lamba highlighted resilience in a “muted industrial economy,” noting a $7.1 billion sale-of-gas backlog as a growth catalyst, particularly in clean energy and electronics markets. Full-year 2025 adjusted EPS guidance of $16.30–$16.50 reflects 5–6% growth expectations, factoring in currency impacts.

Regional performance varied: the Americas saw 4% sales growth (3% pricing, 1% volume), EMEA delivered 3% sales growth with 240-basis-point margin expansion, while APAC sales remained flat amid 1% volume declines. Linde Engineering reported stable sales and a 16.3% operating margin. The company’s $5.0–5.5 billion capital expenditure plan for 2025 underscores its focus on sustaining and expanding its project backlog.

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