Linde reported first quarter 2026 sales of $8.8 billion, an increase of 8% year-over-year, and adjusted EPS of $4.33, up 10%. The results surpassed analyst expectations, driven by solid pricing and new project start-ups, which helped offset volume weakness in Europe.
Key Highlights
- The company delivered adjusted earnings per share of $4.33, a 10% increase from the prior year, supported by an adjusted operating margin of 30.0%.
- Underlying sales grew 3%, consisting of 2% from price attainment and 1% from volume growth, which was primarily driven by project start-ups.
- Linde's contractual sale of gas project backlog now stands at $7.1 billion, supporting future growth and capital expenditure plans.
- Full-year 2026 adjusted EPS guidance was issued in the range of $17.60 to $17.90, representing 7% to 9% growth over the prior year.