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Linde Achieves Industry-Leading Score in S&P Global Corporate Sustainability Assessment
Linde (NYSE:LIN; FWB:LIN) announced today it has achieved an industry-leading score in the 2022 S&P Global Corporate Sustainability Assessment (CSA). The S&P Global CSA is a sustainability benchmark, which also serves as a basis for the Dow Jones Sustainability Indices (DJSI), S&P 500 ESG and other sustainability indices. Companies are subject to a detailed review of all aspects of corporate ESG performance and policies, in line with the latest standards of international best practice. Linde scored in the 99th percentile out of more than 400 chemicals companies for its overall ESG performance. Linde scored in the 100th percentile for environment and also ranked highly in the social and governance categories.…
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Linde and SLB Collaborate on Carbon Capture and Sequestration
Linde (NYSE: LIN; FWB: LIN) and SLB (NYSE: SLB) announced today that they have entered into a strategic collaboration on carbon capture, utilization and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors. The collaboration will combine decades of experience in carbon dioxide (CO2) capture and sequestration; innovative technology portfolios; project development and execution expertise; and engineering, procurement and construction (EPC) capabilities. CO2 is found or produced in many industrial and energy applications. This collaboration will focus on hydrogen and ammonia production, where CO2 is a by-product, and in natural gas processing. CCUS abates the emissions from these energy-intensive industries, creating new low-carbon energy sources and products.…
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Linde Reports Third-Quarter 2022 Results
Sales $8.8 billion, up 15% versus prior-year quarter Operating profit $1.6 billion; adjusted operating profit $2.0 billion, up 11% Operating profit margin 18.3%; adjusted operating profit margin 22.8%, up 90 basis points ex. cost pass-through EPS $2.54; adjusted EPS $3.10, up 14% Operating cash flow of $2.6 billion, up 3% versus prior-year quarter and 24% sequentially Increased full-year 2022 adjusted EPS guidance to $11.93 – $12.03, represents 12% to 13% growth year-over-year, 17% to 18% ex FX Linde plc (NYSE: LIN; FWB: LIN) today reported third-quarter 2022 income from continuing operations of $1,273 million and diluted earnings per share of $2.54, up 30% and 35% respectively. Excluding Linde AG purchase…
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Linde Expands Agreement with Jindal Steel in India
Linde (NYSE:LIN; FWB:LIN) today announced it has expanded its existing long-term agreement for the supply of industrial gases with Jindal Stainless Limited (JSL), one of the largest stainless steel producers in India. Linde already supplies oxygen, nitrogen and argon to JSL from its on-site Air Separation Unit (ASU) at the Kalinganagar Industrial Estate in Odisha, East India. Under the terms of the new agreement, Linde will build a second ASU, more than tripling the current total capacity of its plant at Kalinganagar. The additional supply will support the significant expansion of JSL’s facility. The new ASU is expected to start up in the first half of 2024 and will be…
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Linde Joins United Nations Global Compact
Linde (NYSE:LIN; FWB:LIN) today announced it has become a signatory to the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative. Through its participation, Linde has committed to align its strategy and activities with the UNGCs Ten Principles across human rights, labor, environment and anti-corruption. It has also pledged to help advance the UN’s Sustainable Development Goals. “Sustainability is an integral part of what we do every day, from building an inclusive culture that values our people to respecting human rights in our communities,” said Tamara Brown, Vice President Sustainability, Linde. “Linde is already aligned with the Principles at the heart of the Compact and is proud to…
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Linde Declares Dividend in Third Quarter 2022
Linde plc (NYSE: LIN; FWB: LIN) announced its Board of Directors has declared a quarterly dividend of $1.17 per share. The dividend is payable on September 16, 2022 to shareholders of record on September 2, 2022. Über die Linde AG Linde is a leading global industrial gases and engineering company with 2021 sales of $31 billion (€26 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet. The company serves a variety of end markets including chemicals & energy, food & beverage, electronics, healthcare, manufacturing,…
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Linde Signs New Supply Agreement with Major Space Launch Company
Linde (NYSE:LIN; FWB:LIN) today announced it has signed another long-term agreement with a major space launch company in Florida for the supply of bulk industrial gases. Linde will supply the customer with liquid oxygen and nitrogen from its air separation plant at Mims, Florida, which is currently undergoing a further expansion to increase production capacity by up to 50%. Expected to start up in 2023, the additional capacity will meet the growth needs of the new agreement, plus rising demand from customers across the aerospace, healthcare, manufacturing, food processing and water treatment end markets. "Linde’s expansion at Mims is underway and we are well positioned to serve the increasing demand…
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Linde Signs Long-Term Agreement with BASF in France
Linde (NYSE:LIN; FWB:LIN) today announced that it has signed a long-term agreement with BASF, one of the world’s largest chemical companies, for the supply of hydrogen and steam. Linde will design, build, own and operate a new hydrogen production facility at Chalampé, France, effectively doubling Linde’s current capacity in the Chalampé chemical park where it already has one production facility. This second plant will supply BASF’s new hexamethylenediamine (HMD) manufacturing facility and will also help meet the increasing demand from Linde’s local merchant customers for hydrogen. The plant is expected onstream in the first half of 2024. "Hydrogen plays a key role in the manufacturing of essential chemicals for industry,"…
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Linde Reports Third-Quarter 2021 Results
Sales $7.7 billion, up 12% versus prior-year quarter Operating profit $1.3 billion; adjusted operating profit $1.8 billion, up 19% Operating profit margin 16.8%; adjusted operating profit margin 23.6%, up 150 basis points EPS $1.88, up 42%; adjusted EPS $2.73, up 27% Strong operating cash flow $2.6 billion, up 36% Increased full-year 2021 adjusted EPS guidance to $10.52 – $10.62, representing 28% to 29% growth Linde plc (NYSE: LIN; FWB: LIN) today reported third-quarter 2021 income from continuing operations of $978 million and diluted earnings per share of $1.88, an increase of 42% versus prior year. Excluding Linde AG purchase accounting impacts and other charges, adjusted income from continuing operations was…
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Linde Board Elects Two New Directors and Adds Sustainability Committee
Linde plc (NYSE: LIN; FWB: LIN) announced today that its Board of Directors has elected Joe Kaeser and Alberto Weisser as new directors of Linde plc, effective November 1, 2021. Kaeser will serve on the Nomination and Governance and the Human Capital Committees, and Weisser will serve on the Audit and the Sustainability Committees. Kaeser and Weisser are highly regarded senior executives who bring a wealth of global experience to the Linde plc Board of Directors. Kaeser served as Chief Financial Officer of Siemens AG from 2006 until 2013 and then as Chief Executive Officer of Siemens AG until his retirement in 2021. He currently chairs the supervisory board of…
