LindeNASDAQ: LIN

Linde is a developing business with low risk that can achieve returns of over 30% on the capital it invests. Recently high inflation allowed Linde to increase its prices, which contributed to its earnings growth. However, the current economic situation is not as positive, and the stock may be valued at a lower multiple.

Linde plc (NASDAQ:LIN) will hold its Q3 2024 Earnings Conference Call on October 31, 2024, at 9:00 AM ET. Key company participants include Juan Pelaez, Sanjiv Lamba, and Matt White, along with various analysts from major financial institutions. The operator will welcome everyone to the teleconference and webcast for the third quarter earnings discussion.

Linde (LIN) reported quarterly earnings of $3.94 per share, which is higher than the Zacks Consensus Estimate of $3.89 per share. This is an increase compared to earnings of $3.63 per share from the same period last year.

In the third quarter, Linde plc reported sales of $8.4 billion, a 2% increase, and an operating profit of $2.1 billion, with an adjusted profit of $2.5 billion, which is up 7%. The earnings per share (EPS) rose to $3.22, a 1% increase, while the adjusted EPS reached $3.94, up 9% compared to last year. The company also has a project backlog of over $10 billion, reflecting a growth of more than $2 billion.

LIN's performance in the third quarter probably suffered due to a slow global economy and increasing expenses. Additionally, the operating profit from its Engineering division may have fallen as well.

WOKING, UK / ACCESSWIRE / October 8, 2024 / Linde (Nasdaq:LIN) is set to announce its financial results for the third quarter of 2024 at 06:00 EDT/11:00 CET on Thursday, October 31, 2024. The company will also hold a conference call that will be streamed online at 09:00 EDT/14:00 CET, allowing the public and media to listen in.

This Analyst Blog features Bank of America, Advanced Micro Devices, Linde, Comstock, and Kingsway.

I maintain a 'Buy' recommendation for Linde, setting a target price of $520 per share for the next year, supported by strong earnings growth and good cost control. Linde has seen a 3% increase in underlying revenue and a 6% rise in adjusted operating profits, benefiting from solid pricing and productivity, even with stable volume growth. The company has a strong project pipeline, including semiconductor plants and green energy projects, which should help boost its business and profits in the near future.

The new facility, led by LIN, will use autothermal reforming technology and its own HISORP carbon capture system to create clean hydrogen.