Linde 1Q Earnings, Revenue Rose

   By Cecilia Butini

Linde PLC said Thursday that earnings and revenue rose in the first quarter as healthcare, electronics and a recovery in end markets boosted sales.

The industrial gases and engineering company posted net profit of $979 million, or $1.86 a share, for the quarter, up 74% on the previous year.

Adjusted operating profit was $1.69 billion in the quarter, which the company said was up 25% versus the previous year and was led by higher prices and productivity initiatives across its segments.

Looking ahead, the company said it expects adjusted diluted earnings per share in the range of $2.50 to $2.55 in the second quarter. For the full year, it foresees adjusted diluted earnings per share in the range of $9.60 to $9.80, which would be an increase of 31% to 34% versus 2019 and of 17% to 19% versus 2020, Linde said.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

May 06, 2021 06:42 ET (10:42 GMT)

Linde (NYSE:LIN)
Historical Stock Chart
From Mar 2024 to Apr 2024