Earnings Releases·Oct 29, 2026, 7:10 AM ET

Linde — Third-Quarter 2026 Earnings Summary

Sales reached $9.4 billion (up 9% YoY) with underlying sales up 5%, while net income declined 12% YoY to $1,692 million; however, adjusted net income rose 7% YoY to $2,122 million and adjusted diluted EPS increased 9% to $4.59.
Full-year 2026 adjusted EPS guidance is maintained at $17.82 to $17.92 (8% to 9% growth), with Q4 2026 adjusted diluted EPS expected between $4.40 and $4.50 (up 5% to 7% YoY).
Operating cash flow grew 8% YoY to $3.2 billion, and the company returned $1,685 million to shareholders via dividends and stock repurchases.
Full-year 2026 capital expenditures are projected between $5.5 billion and $6.0 billion to support growth, alongside a robust total project backlog of $11 billion driven by strong proposal activity in electronics.