Latest news with #LindePLC
Yahoo
02-05-2025
- Business
- Yahoo
Linde PLC (LIN) Q1 2025 Earnings Call Highlights: Strong Margins and Dividend Growth Amidst ...
Revenue: $8.1 billion, flat compared to the prior year and down 2% sequentially. Operating Margin: Expanded by 120 basis points to 30.1%. Return on Capital (ROC): Maintained at 25.7%. Earnings Per Share (EPS): $3.95, a 5% increase over the prior year, or 8% excluding currency effects. Capital Expenditure (CapEx): $1.3 billion, split equally between base CapEx and project backlog. Operating Cash Flow: $2.2 billion, an 11% increase from the previous year. Dividend Growth: Annual dividend increased by 8%, marking 32 consecutive years of growth. Stock Repurchase: $1.1 billion worth of stock repurchased during the quarter. Project Backlog: $10 billion, with more than $7 billion in sale of gas projects. Second Quarter EPS Guidance: $3.95 to $4.05, representing 3% to 5% growth. Full Year EPS Guidance: $16.20 to $16.50, maintaining the original guidance midpoint. Warning! GuruFocus has detected 11 Warning Signs with VTR. High Yield Dividend Stocks in Gurus' Portfolio This Powerful Chart Made Peter Lynch 29% A Year For 13 Years How to calculate the intrinsic value of a stock? Release Date: May 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Linde PLC (NASDAQ:LIN) achieved an 8% growth in APS XFX and expanded operating margins by 120 basis points to 30.1%. The company maintained an industry-leading return on capital (ROC) at 25.7%. Linde PLC (NASDAQ:LIN) has a strong backlog of $10 billion, with over $7 billion in sale of gas projects underpinned by long-term contracts. The company raised its annual dividend by 8%, marking 32 consecutive years of dividend growth. Linde PLC (NASDAQ:LIN) continues to see attractive acquisition opportunities, contributing 1% to sales growth through packaged gas tuck-ins in North America. Linde PLC (NASDAQ:LIN) experienced a 1% decline in volumes, primarily driven by seasonal factors and weaker trends in certain packaged gas markets. The company faces challenges from lower helium and rare gas prices, particularly impacting the APAC region. Industrial activity remains sluggish in most geographies, dragging down base volumes. The American segment is experiencing mixed results, with weakness in Canada and US package gases due to manufacturing uncertainty. Linde PLC (NASDAQ:LIN) anticipates more volatility in end market trends due to rapid changes in global trade policy. Q: Dow recently announced the delay of its Alberta project, where Linde is a partner. Can you speak to the impact on your project timing and startup, or what contingencies Linde has to protect itself? A: As expected, most on-site contracts have built-in contractual protection for customer-driven delays. There is a grace period beyond which invoicing starts, and the customer begins paying. We will work with Dow to explore alternatives while maintaining Linde's interests. - Sanjiv Lamba, CEO Q: Can you help us understand the margin profile once volumes start to return, given the robust EBITDA margin performance despite lower volumes? A: The margins result from hard work on pricing and productivity. As volumes improve, margins will continue to grow, which has been proven over time. - Sanjiv Lamba, CEO Q: How do you view the $50 billion opportunity around clean energy today, given changes in the world? A: The opportunity set around clean energy projects still looks attractive. We are about halfway through our $8 billion to $10 billion target over the next few years, with ongoing projects and potential expansions. We remain confident in reaching this target. - Sanjiv Lamba, CEO Q: On your guidance, you lowered it by roughly $0.30 due to FX. Was this mainly due to weaker manufacturing in the Americas? A: The FX change was due to a weakening dollar, with the euro and sterling helping the most. Manufacturing in Q1 was softer due to weather events, but ended strong in March. We expect volumes in America to remain flattish for the year. - Matthew White, CFO Q: Can you discuss the areas where you see the biggest commitments in your project backlog, either geographically or in terms of markets? A: We expect resilient end markets like electronics and food and beverage to grow. Geographically, Asia, particularly India, shows growth potential. We anticipate starting up $1 billion from the backlog this year and expect the backlog to remain strong. - Sanjiv Lamba, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
Linde Surpasses Q1 Earnings on Higher Americas Pricing
Linde plc LIN reported first-quarter 2025 adjusted earnings per share (EPS) of $3.95, which surpassed the Zacks Consensus Estimate of $3.93. The bottom line also improved from the year-ago quarter's figure of $3.75. Total quarterly revenues of $8,112 million missed the Zacks Consensus Estimate of $8,258 million. However, the top line increased from the year-ago quarter's level of $8,100 million. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) The strong quarterly earnings were primarily driven by higher pricing and a rise in volumes from the Americas segment. The positives were partially offset by lower contributions from the EMEA segment, which was affected by lower volumes in the metals & mining and chemicals & energy end markets. Linde PLC price-consensus-eps-surprise-chart | Linde PLC Quote The operating profit of Linde's Americas segment increased 4.5% from $1,088 million in the prior-year quarter to $1,137 million. The Zacks Consensus Estimate for the same was pinned at $1,160 million. The segment was aided by higher pricing and a rise in volumes, primarily across the electronics, and chemicals & energy end markets. Linde's profit in the EMEA segment increased by approximately 5.1% year over year to $722 million. Additionally, profit from this segment beat the Zacks Consensus Estimate of $709 million. The growth was aided by higher pricing, partially affected by lower volumes in the metals & mining and chemicals & energy end markets. The APAC segment's profit increased from $447 million a year ago to $451 million, which met the Zacks Consensus Estimate. The growth was supported by stable pricing in the segment. Operating profit in the Engineering segment increased to $114 million from the prior-year quarter's $100 million. The reported figure beat the Zacks Consensus Estimate of $96 million. At the end of the first quarter, the company's high-quality project backlog amounted to $10.3 billion, comprising a sale-of-gas backlog of $7 billion. Linde reported capital expenditures of $1.27 billion for the first quarter. It ended the quarter with cash and cash equivalents of $5.29 billion and long-term debt of $17.6 billion. For the second quarter of 2025, Linde estimates adjusted EPS to lie in the range of $3.95 to $4.05. For 2025, it expects adjusted EPS to be in the range of $16.20-$16.50. The company reiterated full-year capital expenditure guidance to be between $5 billion and $5.5 billion. LIN currently carries a Zacks Rank #3 (Hold). Some well-known stocks from the Basic Materials sector are Avino Silver & Gold Mines Ltd. ASM, Hawkins Inc. HWKN and B2Gold Corp. BTG. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Avino Silver & Gold is scheduled to release first-quarter earnings on May 13. The Zacks Consensus Estimate for Avino Silver & Gold's first-quarter earnings is pegged at 3 cents per share, which indicates a 50% increase from the prior-year reported figure. ASM currently flaunts a Zacks Rank #1. Hawkins is scheduled to release first-quarter earnings on May 14. The Zacks Consensus Estimate for Hawkins' first-quarter earnings is pegged at 74 cents per share, which indicates a 12.12% increase from the prior-year reported figure. HWKN currently sports a Zacks Rank #1. B2Gold is scheduled to release first-quarter earnings on May 7. The Zacks Consensus Estimate for BTG's first-quarter earnings is pegged at 8 cents per share, which indicates a 33.33% increase from the prior-year reported figure. BTG currently holds a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Linde PLC (LIN) : Free Stock Analysis Report B2Gold Corp (BTG) : Free Stock Analysis Report Avino Silver (ASM) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
18-04-2025
- Business
- Yahoo
$10+ Bn T75 Cryogenic Tank Markets - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2024 & 2025-2030F
tanks, compliant with ISO 1496/3 and UN T75 standards, are crucial for storing and transporting liquefied gases like LNG, LOX, and LIN at ultra-low temperatures. Growing LNG demand as a cleaner fuel propels market growth, despite high maintenance challenges. Key players include Chart Industries, Linde PLC, and INOX India Pvt. Ltd. Asia-Pacific leads in LNG imports. T75 Cryogenic Tank Market Dublin, April 18, 2025 (GLOBE NEWSWIRE) -- The "T75 Cryogenic Tank Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" has been added to offering. The Global T75 Cryogenic Tank Market is projected to grow from USD 6.65 billion in 2024 to USD 10.15 billion by 2030, at a CAGR of 7.15%. T75 cryogenic tanks, which are specialized containers designed for the storage and transportation of liquefied gases at extremely low temperatures, are gaining traction across diverse sectors including healthcare, energy, and food processing. These tanks comply with ISO 1496/3 and UN T75 standards, ensuring safe handling of substances like liquid oxygen, nitrogen, argon, LNG, and carbon Market DriversThe growing adoption of LNG as a cleaner fuel option for transportation and power generation is a primary driver for this market. LNG offers reduced greenhouse gas emissions and higher energy efficiency, making it a favorable substitute for traditional fossil fuels. The increased consumption of LNG is propelled by strict environmental regulations and carbon reduction targets. This surge in LNG usage necessitates reliable storage and transportation options, highlighting the importance of T75 cryogenic tanks. T75 tanks are engineered to manage LNG's cryogenic temperatures, ensuring minimal evaporation losses and safe generation facilities are increasingly opting for LNG to replace more polluting fuels like coal, thus improving efficiency and reducing emissions. In Asia-Pacific, leading LNG importers include China, Japan, and South Korea, accounting for 70% of global Market ChallengesA significant challenge for the T75 cryogenic tank market is the high maintenance requirements involved in managing these tanks. They require regular inspections and adherence to safety protocols to prevent issues like material embrittlement. Such maintenance demands increase operational costs and can deter companies from widespread adoption. The financial burden of such upkeep may lead firms to seek more economical storage Market TrendsThe rising demand for LNG as a cleaner fuel is poised to enhance the growth of the T75 Cryogenic Tank Market. As countries globally intensify their focus on environmental sustainability, the reliance on efficient storage solutions becomes more pronounced. Investment in LNG infrastructure, such as production and storage facilities, underscores the critical role of T75 tanks. Technological advancements are further expected to broaden their application across various regions like the Americas and Europe, developments in natural gas exploration and clean energy regulations are promoting the use of cryogenic storage solutions. Similarly, the rapid industrialization in Asia-Pacific is augmenting the demand for cryogenic technologies. Key Attributes: Report Attribute Details No. of Pages 180 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $6.65 Billion Forecasted Market Value (USD) by 2030 $10.15 Billion Compound Annual Growth Rate 7.1% Regions Covered Global Key Topics Covered: 1. Product Overview1.1. Market Definition1.2. Scope of the Market1.3. Key Market Segmentations2. Research Methodology2.1. Objective of the Study2.2. Baseline Methodology2.3. Assumptions and Limitations2.4. Sources of Research2.5. Approach for the Market Study2.6. Methodology for Calculation of Market Size & Shares2.7. Forecasting Methodology3. Executive Summary4. Voice of Customer5. Global T75 Cryogenic Tank Market Outlook5.1. Market Size & Forecast5.2. Market Share & Forecast5.3. By Company (2024)6. North America T75 Cryogenic Tank Market Outlook6.1. Market Size & Forecast6.2. Market Share & Forecast6.3. North America: Country Analysis7. Europe T75 Cryogenic Tank Market Outlook7.1. Market Size & Forecast7.2. Market Share & Forecast7.3. Europe: Country Analysis8. Asia-Pacific T75 Cryogenic Tank Market Outlook8.1. Market Size & Forecast8.2. Market Share & Forecast8.3. Asia-Pacific: Country Analysis9. South America T75 Cryogenic Tank Market Outlook9.1. Market Size & Forecast9.2. Market Share & Forecast9.3. South America: Country Analysis10. Middle East and Africa T75 Cryogenic Tank Market Outlook10.1. Market Size & Forecast10.2. Market Share & Forecast10.3. Middle East and Africa: Country Analysis11. Market Dynamics11.1. Drivers11.2. Challenges12. Market Trends & Developments13. Company Profiles13.1. Chart Industries, Inc13.2. Air Products13.3. INOX India Pvt. Ltd13.4. Linde PLC13.5. Air Water Inc13.6. Wessington Cryogenics Ltd.13.7. Super Cryogenic Systems Pvt Ltd13.8. FIBA Technologies Inc.13.9. Suretank Group Ltd.13.10. Eden Cryogenic LLC For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment T75 Cryogenic Tank Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
07-02-2025
- Business
- Yahoo
Linde PLC (LIN) Q4 2024 Earnings Call Highlights: Strong Operational Efficiency Amidst Global ...
Revenue: $8.2 billion for the fourth quarter, flat compared to the prior year. EBIT Margin: Increased by 190 basis points to 29.5%. EPS: $3.97 for the fourth quarter, an 11% increase, or 13% excluding FX impacts. Return on Capital (ROC): 25.9% for the year. Capital Return to Shareholders: $7 billion from excess free cash flow. Backlog: Over $10 billion, including a record $7 billion sale of gas backlog. Operating Profit: $2.5 billion for the fourth quarter, a 9% increase. Full Year Operating Cash Flow: $98.4 billion. CapEx: 9% increase driven by contractual projects. Low-Carbon Renewable Energy Consumption: Increased by 19% year-over-year, now over 40% of total power consumption. Full Year EPS Guidance for 2025: $16.15 to $16.55, representing 4% to 7% growth, or 8% to 11% excluding FX headwinds. Warning! GuruFocus has detected 9 Warning Signs with FRA:WILC. Release Date: February 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Linde PLC (NASDAQ:LIN) achieved a record $7 billion in sale of gas backlog, indicating strong future growth potential. The company increased its low-carbon renewable energy consumption by 19% year-over-year, with over 40% of total power consumption now low-carbon based. Linde PLC (NASDAQ:LIN) returned $7 billion to shareholders through dividends and stock repurchases, demonstrating strong capital management. The company signed 59 long-term agreements for small on-site projects, enhancing its network density and reliability. Linde PLC (NASDAQ:LIN) maintained industry-leading financial metrics, including a 25.9% ROC and a 29.5% EBIT margin, showcasing operational efficiency. Foreign currency translation posed a 4% headwind, impacting earnings and creating uncertainty in financial projections. The company faces challenges in Europe with expected continued softening in industrial sectors, particularly in metals and chemicals. Linde PLC (NASDAQ:LIN) anticipates flat industrial production growth, which could limit base volume growth and impact earnings. The macroeconomic environment, including potential tariff impacts and regulatory uncertainties, could affect project timelines and profitability. The company's cash flow from operations grew only 1% despite a 10% increase in EPS, indicating potential inefficiencies in cash conversion. Q: How have discussions with potential project partners evolved given the current political climate and regulatory uncertainties? A: Sanjiv Lamba, CEO, explained that while there is some uncertainty around regulatory frameworks, particularly with the new administration, discussions have not significantly slowed. He emphasized the importance of the 45Q IRS provision, which predates the IRA and is a key incentive for over 90% of their U.S. projects. Linde remains confident in their project pipeline and expects to continue announcing new projects, particularly in clean energy. Q: Will Americas' margins gain ground in 2025, and how does this compare to other regions? A: Sanjiv Lamba, CEO, stated that there is no impediment to improving margins across all regions, including the Americas and APAC. He expects margin expansion in 2025, typically ranging from 20 to 50 basis points. Linde encourages each segment to learn from high-margin businesses within the company to bridge any gaps. Q: What is the impact of industrial production (IP) on Linde's earnings, and what are the global IP trends? A: Sanjiv Lamba, CEO, noted that base volumes are closely tied to IP, with higher leverage in developing countries. Globally, IP is close to zero, with variations across regions. The Americas show solid performance, while Europe is experiencing softening. In China, no significant recovery is expected in 2025, but electronics are a growth area. Q: How does Linde view market share in the industrial gas market, and are there any shifts? A: Sanjiv Lamba, CEO, emphasized that Linde focuses more on network density rather than market share. The company has a record sale of gas backlog, indicating strong market positioning. Linde's strategy is to maintain strong customer relationships and margin expansion through network density. Q: What is the contribution of pricing versus productivity and cost management in Linde's guidance? A: Matthew White, CFO, explained that the guidance assumes a roughly 50-50 split between management actions and capital allocation for the 10% EPS growth target. The focus is on maintaining a positive spread between price and cost inflation, which is crucial for long-term margin expansion. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
