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Investing.com -- Linde (NYSE:LIN) on Friday reported second-quarter earnings and revenue that came ahead of analyst expectations, pushing its shares more than 1% higher in premarket trading.
The world’s largest industrial gases company posted Q2 earnings per share (EPS) of $4.09, slightly ahead of the $4.04 consensus.
Revenue climbed 3% year-on-year to $8.5 billion, also topping estimates of $8.38 billion, with underlying sales increasing 1%.
Adjusted operating profit rose 6% to $2.6 billion, while the adjusted operating margin improved by 80 basis points to 30.1%.
Operating cash flow for the quarter reached $2.2 billion, a 15% increase compared to the same period last year.
“For the second quarter, Linde once again demonstrated strong resiliency as our employees delivered high-quality results against a muted industrial economy," Chief Executive Officer Sanjiv Lamba said in the release.
“For the second half of 2025, we maintain a more measured view of the underlying macro trends. But regardless of this economic outlook, we will continue to generate long-term shareholder value," he added.
Looking ahead, Linde expects third-quarter adjusted EPS to be in the range of $4.10 to $4.20, representing a 4% to 7% year-on-year increase, or 3% to 6% excluding an estimated 1% currency benefit. This compares to the consensus estimates of $4.20.
For the full year, adjusted EPS is forecast between $16.30 and $16.50, the midpoint of which is roughly in line with the $16.42 consensus. The guidance implies 5% to 6% growth, or 4% to 5% excluding currency.
Full-year capital expenditures are projected between $5.0 billion and $5.5 billion to support both growth initiatives and maintenance needs, including its $7.1 billion contractual sale of gas project backlog.