Linde reports record Q2 sales and backlog, flags margin pressure from US homecare unit

Earnings
โดย The Motley Fool·Read original
Summary · why it matters

Linde reported second-quarter sales of $9.3 billion, up 9% from a year earlier, and adjusted earnings per share of $4.50, a 10% increase, while its sale-of-gas backlog reached a record $8.1 billion after securing a $1 billion electronics contract to support advanced node fabs in the Western US. Operating margin fell 60 basis points to 29.5%, or 30 basis points excluding cost pass-through, primarily due to the US homecare business, which management said is under strategic review. The company expects more than 20 project startups representing about $1.3 billion in investments for the remainder of the year, and it guided third-quarter EPS to $4.45 to $4.55 and full-year EPS to $17.70 to $17.90. Electronics was the fastest-growing end market with 18% growth, driven by AI-related hardware demand, while manufacturing growth was led by aerospace, which accounted for more than a third of that segment's expansion.

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