Financial Highlights

Linde plc announced its first-quarter earnings for 2025, revealing sales of $8.1 billion, consistent with the previous year. The company saw a net income increase to $1.67 billion, with diluted earnings per share climbing 5% to $3.51. Adjusted operating profit rose by 4% to $2.4 billion, and operating margins expanded to 30.1%.

Regional Performance

The Americas region experienced a 4% underlying growth. However, EMEA and Asia Pacific regions faced declines, attributed to weaker demand in manufacturing and metals sectors. Despite these challenges, Linde has reaffirmed its full-year adjusted EPS forecast, projecting growth between 4% to 6%, or up to 8% when excluding foreign exchange impacts.

Leadership Perspective

Sanjiv Lamba, Chief Executive Officer of Linde, expressed cautious optimism about the economic outlook. "Looking forward, while we remain cautious on the economic outlook, I'm confident the Linde business model can continue to create shareholder value in any environment," Lamba stated.