Linde reports Q2 adjusted EPS $4.09, consensus $4.04

Reports Q2 revenue $8.5B, consensus $8.38B. Commenting on the financial results and business outlook, CEO Sanjiv Lamba said, “For the second quarter, Linde (LIN) once again demonstrated strong resiliency as our employees delivered high-quality results against a muted industrial economy. EPS grew 6% and operating margins expanded 80 basis points versus prior year. In addition, we continue to secure future, contractual growth with the addition of several new wins to the project backlog, including another long-term agreement to supply gases to a world-scale low-carbon ammonia facility in the U.S. Gulf Coast. The current $7.1 billion sale-of-gas backlog will ensure attractive growth for years to come, and I’m confident in our ability to add even more high-quality projects, especially in the electronic and clean energy end markets.”