Steady Sales with a Rise in Net Income

Linde plc announced its first-quarter earnings for 2025, reporting unchanged sales at $8.1 billion compared to the previous year. However, the company saw a notable increase in net income, reaching $1.67 billion, and a 5% rise in diluted earnings per share to $3.51. The adjusted operating profit also saw a 4% increase, totaling $2.4 billion, with operating margins expanding to 30.1%.

Regional Performance Highlights

The Americas region demonstrated underlying growth of 4%, showcasing resilience in a challenging economic landscape. Conversely, EMEA and Asia Pacific regions experienced declines, attributed to softer demand in the manufacturing and metals sectors. Despite these regional variances, Linde remains optimistic about its full-year adjusted EPS forecast, projecting growth between 4% to 6%, or up to 8% when excluding foreign exchange impacts.

Leadership's Confidence in Future Growth

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, underscoring the company's adaptability and strength in navigating market fluctuations.