Linde has delivered another ‘strong quarter’ with the release of its third quarter (Q3) financial results, highlighting a Sales increase of $8.8bn – up 15% compared with Q3 2021.
The company reported an income from continuing operations of $1.27bn and diluted earnings per share of $2.54, a significant increase of 30% and 35% year-on-year. Earnings per share adjusted for non-recurring costs were $3.10, surpassing Wall Street expectations. According to Zacks Investment Research, the average estimate of seven surveyed analysts was for earnings of $2.94 per share.
Excluding Linde AG purchase accounting impacts and other charges, adjusted income from continuing operations was $1.55bn, up 9% versus the prior year.
Operating profit for the quarter was $1.6bn, with adjusted operating profits of $2bn led by higher price, volumes and continued productivity across all segments.
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