LINDE PLC Quarterly Report for Q1 Ended Mar 31, 2026

Summary

Linde plc reported strong first-quarter 2026 results, with consolidated sales increasing by 8% year-over-year to $8,781 million. This growth was primarily driven by favorable currency translations (5%), higher pricing (2%), and contributions from new project start-ups and acquisitions (1% each). The company's operating profit also saw a significant increase of 12% on a reported basis, reaching $2,439 million, with an operating margin of 27.8%. On an adjusted basis, which excludes non-recurring items like merger purchase accounting impacts and cost reduction charges, operating profit grew 8% to $2,630 million, with an adjusted operating margin of 30.0%. Diluted earnings per share (EPS) also showed robust growth, increasing 13% to $3.98 on a reported basis and 10% to $4.33 on an adjusted basis. The company continues to invest in capital expenditures, with $1,342 million allocated to new plant and production equipment, underscoring a commitment to future growth. Linde also maintained its share repurchase program, demonstrating a balanced approach to capital allocation.

Key Highlights

• 1Consolidated sales grew 8% to $8,781 million, driven by currency (5%), price (2%), and volume (1%) factors.
• 2Reported operating profit increased 12% to $2,439 million, with an operating margin of 27.8%.
• 3Adjusted operating profit rose 8% to $2,630 million, maintaining a strong adjusted operating margin of 30.0%.
• 4Reported diluted EPS increased 13% to $3.98, while adjusted diluted EPS grew 10% to $4.33.
• 5Capital expenditures were $1,342 million, up from the prior year, primarily for new plant and production equipment.
• 6The Americas segment showed strong sales growth of 10%, while EMEA and APAC segments also posted positive sales growth of 7% and 11% respectively.
• 7Linde continues to execute its share repurchase program, with $6.5 billion remaining authorization as of March 31, 2026.

Frequently Asked Questions