Linde’s second quarter (Q2) 2020 results demonstrate the resiliency of its integrated industrial gas supply model, says the company’s CEO Steve Angel.
“Despite volume reductions from the pandemic, EPS excluding currency increased 8%, operating margin expanded 230 basis points and operating cash flow grew 76% from prior-year levels,” Angel commented as Linde published the results this morning.
Linde reported Q2 2020 income from continuing operations of $458m. Excluding Linde AG purchase accounting impacts and other charges, adjusted income from continuing operations was just over $1bn, up 1% versus prior year and flat sequentially.
Linde’s sales for the second quarter were $6.38bn, 5% below prior year excluding negative currency translation, cost pass-through and divestitures.
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