Linde's Strong Quarterly Performance
Despite a "stagnant" period of industrial activity, Linde delivered a 24% rise in third quarter net income to $1.9bn, up $379m year-on-year.
Quarterly operating profit totalled $2.4bn on the back of strong sales of $8.6bn. CEO Sanjiv Lamba said:
while Linde remains guarded on any near-term industrial recovery, he was confident its "time-tested capital allocation policy and disciplined investment approach will continue to value."
- Americas sales of $3.8bn were up 6% on 2024, leading to an operating profit of $1.2bn.
- APAC sales of $1.7bn were up 1% on last year.
Author's summary: Linde posts 24% rise in net income despite weaker industry activity.
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