Companies

Linde Expects Earnings Growth Despite a Challenging Industrial Environment

Price hikes and efficient allocation help the company grow its earnings.
Linde Expects Earnings Growth Despite a Challenging Industrial Environment
Linde Group logo is seen at a company building in Munich-Pullach, Germany, on Aug. 16, 2016. Reuters/Michaela Rehle
Panos Mourdoukoutas
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The chemical company Linde said it expects its earnings per share (EPS) to grow moderately for fiscal year 2024 despite a challenging industry environment. The company’s pricing power helps maintain high-profit margins throughout business cycles.

The industrial giant recently reported that in the third quarter of 2024, adjusted EPS was $3.94, 9 percent above the prior year. Sales for the third quarter were $8,356 million, up 2 percent from the previous year. These gains in sales came from a 2 percent price hike, meaning that volume sales were flat.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”