Linde (NYSE:LIN) PLC, a leading industrial gases and engineering company, continues to be a significant player in the chemical industry, generating $33 billion in revenue over the last twelve months with a healthy 47.8% gross margin. Investors often monitor insider transactions like these to gain insights into the company's future prospects and the confidence of its executives. InvestingPro analysis reveals the company's strong financial health, with 33 consecutive years of dividend increases and relatively low price volatility (Beta: 0.94). For deeper insights into Linde's valuation and future prospects, subscribers can access the comprehensive Pro Research Report, which includes detailed analysis of the company's financial metrics and growth potential.
Linde PLC, a leading industrial gases and engineering company, continues to be a significant player in the chemical industry, generating $33 billion in revenue over the last twelve months with a healthy 47.8% gross margin. Investors often monitor insider transactions like these to gain insights into the company's future prospects and the confidence of its executives. InvestingPro analysis reveals the company's strong financial health, with 33 consecutive years of dividend increases and relatively low price volatility (Beta: 0.94). For deeper insights into Linde's valuation and future prospects, subscribers can access the comprehensive Pro Research Report, which includes detailed analysis of the company's financial metrics and growth potential.
In other recent news, Linde PLC, a leader in industrial gases and engineering, has seen significant developments in its operations and management. The company revealed that John Panikar, previously Executive Vice President-APAC, will retire on March 31, 2025, with Binod Patwari stepping in as Senior Vice President-APAC from November 2024. This change was disclosed in a recent 8-K filing with the Securities and Exchange Commission.
On the financial front, Linde reported a 2% increase in sales to $8.4 billion in their latest earnings call, largely due to project activity and demand for liquefied natural gas infrastructure. The company also secured a substantial $2 billion contract with Dow Chemical (NYSE:DOW), pushing its project backlog to a record high of $10 billion. For Q4 2024, Linde anticipates an earnings per share (EPS) of $3.86 to $3.96, and forecasts a full-year EPS of $15.40 to $15.50, indicating a 9-10% growth.
BMO Capital Markets expressed confidence in Linde by raising its price target for the company to $507 and maintaining its Outperform rating. These recent developments highlight Linde's strategic focus, operational discipline, and commitment to growth and shareholder value.
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