Linde Reports Record Third Quarter Results Driven by AI and Space Demand
Linde (LIN) reported record quarterly revenue of $9.4 billion, a 9.2% increase year-over-year, alongside adjusted earnings per share of $4.59, both surpassing analyst expectations. Growth was driven by a combination of volume increases and favorable pricing/mix, with significant tailwinds from the semiconductor industry's AI infrastructure buildout and space commercialization. To address previous margin concerns regarding its Lincare home health business, CEO Sanjiv Lamba announced a $425 million restructuring charge. The company is moving Lincare under the leadership of CFO Matt White and reclassifying its results to provide better transparency into regional gas operations. While fourth-quarter guidance was slightly below some expectations, leading to minor selling pressure, the full-year outlook remains consistent with previous projections.
Topics: earnings beat industrial gases quarterly guidance revenue growth
Part of the story Cincinnati Financial Reports Third-Quarter 2026 Results (18 articles)