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Linde Reports Full-Year and Fourth-Quarter 2023 Results
Full-Year Highlights Sales $32.9 billion, down 2%, underlying sales up 5% Operating profit $8.0 billion; adjusted operating profit $9.1 billion, up 15% Operating profit margin 24.4%; adjusted operating profit margin 27.6%, up 390 basis points versus prior year EPS $12.59; adjusted EPS $14.20, up 16% Returned $6.4 billion to shareholders through dividends and share repurchases Total project backlog of $8.5 billion Fourth-Quarter Highlights Sales $8.3 billion, up 5% YoY, underlying sales up 4% Operating profit $2.0 billion, adjusted operating profit $2.3 billion, up 14% Operating profit margin 24.4%; adjusted operating profit margin 27.4%, YoY up 210 basis points EPS $3.16, up 18%; adjusted EPS $3.59, up 14% 2024 Guidance First-quarter…
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Linde Included in Dow Jones Sustainability World Index for the Twenty-First Consecutive Year
Linde (Nasdaq: LIN) announced today it has been included in the Dow Jones Sustainability World Index (DJSI World) for the twenty-first consecutive year. Linde has also been included in the DJSI North America. The DJSI World comprises global sustainability leaders representing the top 10% of the 2,500 largest companies in the S&P Global Broad Market Index. Constituents are selected based on several factors including performance in the S&P Global Corporate Sustainability Assessment, in which Linde achieved an industry-leading score. “Sustainability is embedded in Linde’s DNA,” said Sanjiv Lamba, Chief Executive Officer, Linde. “We have clear targets spanning all areas of ESG and are committed to the highest standards of sustainability,…
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Linde Recognized as Sustainability Leader by S&P Global
Linde (Nasdaq: LIN) announced today that it has been recognized by S&P Global as a sustainability leader, achieving the highest score of any industrial gas company in the 2023 S&P Global Corporate Sustainability Assessment (CSA)*. The S&P Global CSA is an annual sustainability benchmark, which also serves as a basis for the Dow Jones Sustainability Indices, S&P 500 ESG and other sustainability indices. Companies are assessed on all aspects of corporate ESG performance and policies, in line with the latest standards of international best practice. Overall, Linde scored in the 100th percentile out of more than 500 chemical companies and achieved the second highest score in the chemicals sector. Linde scored…
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Linde Declares Dividend in Fourth Quarter 2023 and New $15 Billion Share Repurchase Program
Linde plc (NYSE: LIN) announced its Board of Directors has declared a quarterly dividend of $1.275 per share. The dividend is payable on December 18, 2023 to shareholders of record on December 4, 2023. The Board of Directors also approved a new share repurchase program for up to $15 billion of Linde’s ordinary shares. The company has $2 billion of repurchase authority available under its previously announced buyback authorization from February 2022, giving it $17 billion available for stock repurchases under these programs. Chief Executive Officer Sanjiv Lamba said, "Our capital allocation mandate is to maintain our current investment grade rating and continue our track record of annually increasing the…
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Linde Reports First-Quarter 2023 Results
First-Quarter Highlights Sales $8.2 billion, flat YoY, up 3% ex. FX Operating profit $1.9 billion, adjusted operating profit $2.2 billion, up 16% Operating profit margin 23.6%; adjusted operating profit margin 26.9%, up 370 basis points EPS $3.06, up 33%; adjusted EPS $3.42, up 17% YoY or 20% ex. FX Increased full-year 2023 adjusted EPS guidance to $13.45 – $13.85, represents 9% to 13% growth year-over-year Linde plc (NYSE: LIN) today reported first-quarter 2023 net income of $1,516 million and diluted earnings per share of $3.06, up 29% and 33% respectively. Excluding Linde AG purchase accounting impacts and other charges, adjusted net income was $1,693 million, up 13% versus prior year. Adjusted…
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Linde und Heidelberg Materials bauen weltweit erste CCU-Großanlage
Die Anlage im Zementwerk Lengfurt soll bereits 2025 mit einer Abscheidekapazität von ca. 70.000 t CO₂ pro Jahr in Betrieb gehen Das aufbereitete Gas kann dank seiner Reinheit sowohl in der Lebensmittel- als auch in der Chemieindustrie eingesetzt werden Das Projekt wird mit rund 15 Mio € vom Bundesministerium für Wirtschaft und Klimaschutz gefördert Heidelberg Materials und Linde haben unter dem Namen „Capture-to-Use“ (CAP2U) ein Joint Venture zum Bau und Betrieb einer hochmodernen Kohlendioxidabscheide- und -verflüssigungsanlage gegründet. Im Werk Lengfurt von Heidelberg Materials soll 2025 die weltweit erste Carbon Capture and Utilisation (CCU)-Anlage im großtechnischen Maßstab in der Zementindustrie in Betrieb gehen. Dies ermöglicht eine Weiterverwertung des abgeschiedenen CO₂ aus…
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Linde and Heidelberg Materials Announce Large-Scale Carbon Capture Project
Linde (NYSE: LIN) today announced it has signed an agreement with Heidelberg Materials, one of the world’s largest building materials companies, to jointly build, own and operate a large-scale carbon capture and liquefaction facility. Carbon dioxide (CO₂) is a by-product of cement production and is estimated to be responsible for around 7% of global carbon emissions1. Through the use of carbon capture, Linde and Heidelberg Materials will aim to reduce carbon emissions at Heidelberg’s Lengfurt plant in Germany. The new plant will capture, liquefy and purify around 70,000 tons of CO₂ per year, with the majority of the resulting liquid CO₂ to be marketed by Linde as feedstock for the…
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Linde Recognized by Bloomberg as a Leader in Gender Equality for Sixth Consecutive Year
Linde (NYSE: LIN) announced today that it has been included in the Bloomberg Gender-Equality Index (GEI) for the sixth consecutive year. The 2023 Bloomberg GEI tracks the performance of public companies which are considered leaders in gender equality. Members are selected by Bloomberg following detailed analysis of each company’s disclosure and performance across five key areas: female leadership & talent pipeline, equal pay, inclusive culture, anti-sexual harassment policies and brand. Linde has been included in the Bloomberg GEI since the index was launched in 2018. “We are proud of our track record in the Bloomberg Gender-Equality Index,” said Michelle Loo, Chief Diversity Officer, Linde. "Increasing the representation of women within…
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Linde to Increase Green Hydrogen Production in California
Linde (NYSE:LIN; FWB:LIN) announced today plans to increase its green hydrogen production capacity in Ontario, California, in response to growing demand from the mobility market. Linde will build, own and operate the first of several planned five-megawatt PEM (proton exchange membrane) electrolyzers to increase its hydrogen capacity. Following this initial investment, the new electrolyzer together with the existing plant will produce enough green hydrogen to avoid up to 75,000 metric tons of carbon dioxide equivalent emissions per year. Expected to start up in the second half of 2024, the new electrolyzer is one of several green hydrogen projects Linde is planning across the United States. “We continue to see growing…
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Linde Included in Dow Jones Sustainability World Index for 20th Consecutive Year
Linde (NYSE:LIN; FWB:LIN) announced today it has been included in the Dow Jones Sustainability World Index (DJSI World) and the DJSI North America. Linde is the only company in the chemicals sector that has been included in the DJSI World for twenty consecutive years. The DJSI World consists of the top 10% of the largest 2,500 stocks in the S&P Global Broad Market Index, based on their environmental, social and governance practices. Index constituents are determined by S&P Global based upon several factors, including the S&P Global Corporate Sustainability Assessment (CSA) in which Linde scored in the 99th percentile for its overall ESG performance. “Sustainability is a fundamental part of…
