LIN Linde PLC

By Kimberly Chin

Linde PLC (LIN) said profit jumped 21% in the second quarter as sales more than doubled.

The industrial gases and engineering company reported net income of $522 million, up from $480 million in the comparable quarter a year earlier. On a per-share basis, earnings were 96 cents a share, down from $1.65 a share a year earlier.

On an adjusted pro-forma basis, earnings were $1.83 a share, compared with $1.63 a share a year ago. Analysts surveyed by FactSet expected earnings of $1.74 a share.

Revenue more than doubled from a year ago to $7.2 billion. Analysts were expecting $7.05 billion.

Praxair Inc. and Linde AG completed their merger to become Linde PLC at the end of last year.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

August 05, 2019 06:39 ET (10:39 GMT)

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