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    LIN   IE00BZ12WP82

LINDE PLC

(LIN)
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Linde 2Q Profit Rose, Raises 2021 Views

07/30/2021 | 06:03am EDT

By Ed Frankl

Linde PLC said Friday that second-quarter profit rose amid higher prices and strong volumes across all its markets, as it raised its adjusted earnings per share guidance for the year.

The industrial gases and engineering company posted net income of $840 million, or $1.60 a share, in the quarter to the end of June, compared with $458 million, or $0.87 a share in the prior-year period.

Excluding items, Linde reported an adjusted profit of $2.70 a share for the quarter--an all-time high, Chief Executive Steve Angel said.

Sales rose to $7.58 billion from $6.38 billion the same period last year, Linde said.

The company raised its 2021 adjusted EPS guidance to be in the range of $10.10 to $10.30, representing 23% to 25% growth year-on-year, it said. The guidance assumes 3% currency tailwind versus 2020, it added. Previously, Linde had forecast adjusted earnings per share of $9.60 to $9.80.

Full-year capital expenditure is expected to be between $3 billion and $3.4 billion as it supports its project backlog. The company said it ended the quarter with a backlog of around $7.5 billion.

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

07-30-21 0602ET

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Analyst Recommendations on LINDE PLC
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Financials (USD)
Sales 2021 29 886 M - -
Net income 2021 4 573 M - -
Net Debt 2021 12 295 M - -
P/E ratio 2021 34,2x
Yield 2021 1,37%
Capitalization 159 B 159 B -
EV / Sales 2021 5,75x
EV / Sales 2022 5,45x
Nbr of Employees 71 736
Free-Float 93,4%
Chart LINDE PLC
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Linde plc Technical Analysis Chart | LIN | IE00BZ12WP82 | MarketScreener
Technical analysis trends LINDE PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 310,37 $
Average target price 345,26 $
Spread / Average Target 11,2%
EPS Revisions
Managers and Directors
Stephen F. Angel Chief Executive Officer & Director
Matthew J. White Chief Financial Officer & Executive Vice President
Wolfgang W. Reitzle Chairman
Earl Newsome Chief Information Officer-Americas IT
Sanjiv Lamba Chief Operating Officer
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