Linde's earnings call presented a mixed outlook. The company reported record financial metrics and strong project backlog growth, indicating robust operational performance and strategic positioning. However, challenges remain, particularly with declining volumes in EMEA and helium pricing pressures. Overall, the company is navigating a difficult economic environment, balancing strong internal execution with external headwinds.

Company Guidance -

Q3 2025

During Linde's second quarter 2025 earnings call, guidance highlighted several key metrics underscoring its financial and strategic performance. The company reported an all-time high EPS of $4.09 and an operating margin of 30.1%, with operating cash flows growing by 15% and a return on capital (ROC) of 25.1%. Linde's sale of gas project backlog reached $7.1 billion, with a significant 150% turnover over 4.5 years, reflecting strong execution and contract wins. The backlog is dominated by projects in the Americas, particularly in the U.S., targeting electronics and clean energy markets. Linde also committed over $1 billion annually in base CapEx for growth, focusing on network density and small on-site projects. The company maintains a positive outlook, projecting third-quarter EPS growth of 4% to 7% year-over-year, despite anticipations of economic contractions and currency volatility. For the full year, Linde forecasts EPS of $16.30 to $16.50, representing 5% to 6% growth, buoyed by a 1% currency tailwind.

Record EPS and Operating Margin

EPS of $4.09 and operating margin of 30.1%, both all-time quarterly highs, achieved despite a challenging macro environment.

Significant Project Backlog Growth

Sale of gas project backlog doubled from $3.6 billion to $7.1 billion in 4 years, with 70 projects up from 33.

Strong Cash Flow and Capital Access

Operating cash flows grew 15%, and ROC of 25.1% leads the industry, supported by a healthy balance sheet.

U.S. Space Industry Growth

Significant growth opportunities in the commercial space sector, with recent investments in Texas and Florida.

Positive Price Trends

Globally weighted inflation tracking and positive pricing across all regions except China.

Linde (LIN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LIN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	4.17 / -	3.94	―	―	―
Aug 01, 2025	2025 (Q2)	4.03 / 4.09	3.85	6.23% (+0.24)
May 01, 2025	2025 (Q1)	3.92 / 3.95	3.75	5.33% (+0.20)
Feb 06, 2025	2024 (Q4)	3.94 / 3.97	3.59	10.58% (+0.38)
Oct 31, 2024	2024 (Q3)	3.90 / 3.94	3.63	8.54% (+0.31)
Aug 02, 2024	2024 (Q2)	3.79 / 3.85	3.57	7.84% (+0.28)
May 02, 2024	2024 (Q1)	3.68 / 3.75	3.42	9.65% (+0.33)
Feb 06, 2024	2023 (Q4)	3.49 / 3.59	3.16	13.61% (+0.43)
Oct 26, 2023	2023 (Q3)	3.58 / 3.63	3.1	17.10% (+0.53)
Jul 27, 2023	2023 (Q2)	3.50 / 3.57	3.1	15.16% (+0.47)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LIN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 01, 2025	$460.26	$459.41	-0.18%
May 01, 2025	$451.79	$446.62	-1.14%
Feb 06, 2025	$450.75	$457.69	+1.54%
Oct 31, 2024	$468.90	$451.82	-3.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Linde (LIN) report earnings?

Linde (LIN) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Linde (LIN) earnings time?

Linde (LIN) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LIN EPS forecast?

LIN EPS forecast for the fiscal quarter 2025 (Q3) is 4.17.

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