Linde: Q3 adjusted EPS up 8.5%

(CercleFinance.com) - Linde reports that Q3 adjusted sales reached $8,356m, up 2.
5% y-o-y.

Meanwhile, adjusted EBIT rose by 7.4% to $2,477m, with adjusted net income up 6.3% to $1,896m. Adjusted EPS came to $3.94, up 8.5%.

In addition to managing short-term performance, the company signed its largest gas sales project, taking the backlog to $10bn and ensuring future growth in the traditional industrial gases model, all within our disciplined investment criteria, management said.

Currently, we do not foresee any short-term improvement in the economic environment. However, we have taken proactive steps to mitigate economic headwinds and remain well positioned to continue creating value for our shareholders, he added.

Against this backdrop, Linde expects adjusted earnings per diluted share (EPS) of $3.86 to $3.96 in Q4, up 8% to 10% y-o-y.

For FY 2024, the company forecasts adjusted diluted EPS of $15.40 to $15.50, up 8% to 9% y-o-y, or 9% to 10%, excluding an estimated 1% currency-related headwind.


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