LIN 8-K Current Reports

LINDE PLC 8-K Report, Financial Results (Jul 31, 2026)

Linde plc (Nasdaq: LIN) reported second-quarter 2026 results on July 31, 2026, delivering record sales and EPS. Sales reached $9.3 billion, up 9% year over year, with about 2 points from favorable currency and 1 point from acquisitions; underlying sales rose 4%, driven by 2% price and 2% volume, primarily in electronics, manufacturing and chemicals & energy. GAAP diluted EPS was $4.15, up 11%, and adjusted EPS, which excludes Linde AG purchase accounting impacts, was $4.50, up 10%. Adjusted operating margin was 29.5%, while GAAP operating margin of 27.5% declined 60 basis points as price and productivity gains were offset by cost inflation. Cash generation was solid but less dramatic. Operating cash flow was $2.3 billion, up 3%, and after $1.44 billion of capital expenditures, free cash flow was $833 million. Linde returned $1.59 billion to shareholders through dividends and net buybacks in the quarter. Management highlighted a record $8.1 billion sale-of-gas backlog after another long-term U.S. electronics supply contract, a Linde Engineering project backlog of $11 billion, and robust customer proposal activity, mainly in electronics. Guidance points to continued steady growth. Management expects Q3 2026 adjusted EPS of $4.45 to $4.55 (up 6% to 8%) and full-year 2026 adjusted EPS of $17.70 to $17.90 (up 8% to 9%, including about 1% favorable currency). Full-year capital expenditures are projected at $5.5 to $6.0 billion, including the contracted sale-of-gas project backlog. Investors should note that the results are non-GAAP adjusted in part, and that the filing directs readers to the risk factors in the 2025 Form 10-K.

Jul 31, 2026 8-K

LINDE PLC 8-K Report, Shareholder Vote Results (Jul 30, 2026)

Linde plc (LIN) filed an 8-K on July 30, 2026, detailing the results of its Annual General Meeting of Shareholders held on July 28, 2026. The meeting saw strong shareholder participation, with 85.65% of outstanding shares present or represented by proxy, indicating significant investor engagement. All nine director nominees were overwhelmingly elected to serve until the 2027 annual general meeting, with a minimum of 93.55% of votes cast in favor for each nominee. Key proposals also received substantial support. Shareholders ratified the appointment of PricewaterhouseCoopers (PWC) as the independent auditor and approved the remuneration determination for PWC, with over 92% and 97% of votes cast in favor, respectively. The compensation of Named Executive Officers was also approved on an advisory basis, with approximately 94.42% of votes cast in favor. Furthermore, the company received strong backing for its proposal to determine the price range for re-allotting treasury shares. However, a shareholder proposal requesting a report on renewable electricity procurement strategy was narrowly defeated, with only 13.05% of votes cast in favor.

Jul 30, 2026 8-K

LINDE PLC 8-K Report, Corporate Update (May 13, 2026)

Linde plc (LIN) has announced the successful issuance of €1.6 billion in aggregate principal amount of new notes across three tranches on May 13, 2026. These include €600 million of Floating Rate Notes due 2028, €500 million of 3.200% Notes due 2030, and €500 million of 3.800% Notes due 2036. The net proceeds from this offering, approximately €1,595 million after fees, will be utilized for general corporate purposes. This debt issuance was conducted under the Company's established European debt issuance program, which was recently updated on May 4, 2026, and is valid for one year. The new notes have been admitted to the official list of the Luxembourg Stock Exchange and will trade on the Euro MTF market. The issuance was coordinated by several financial institutions acting as bookrunners and managers. The notes are unsecured and guaranteed by Linde GmbH and Linde Inc., wholly-owned subsidiaries, with these guarantees previously filed and confirmations updated for the current program. This move diversifies Linde's debt maturity profile and provides financial flexibility.

May 13, 2026 8-K

LINDE PLC 8-K Report, Financial Results (May 1, 2026)

Linde plc (Nasdaq: LIN) reported first-quarter 2026 results on May 1, 2026, with sales of $8.78 billion, up 8% year over year, though only 3% on an underlying basis after adding 5 points of favorable currency and 1 point from acquisitions. Underlying growth came from 2% price attainment and 1% volume, with Americas driving the gains and EMEA volumes declining. Reported GAAP diluted EPS was $3.98, up 13%, while adjusted diluted EPS (excluding Linde AG merger purchase accounting impacts) was $4.33, up 10%. Adjusted operating margin held at 30.0%, down 10 basis points year over year, and the company highlighted a 24% return on capital in the quarter. Cash generation was solid but seasonally softer, with operating cash flow of $2.24 billion (up 4%) and free cash flow of $898 million after $1.34 billion of capex. Linde returned $1.545 billion to shareholders through dividends and net buybacks during the quarter. Cash and equivalents fell to $3.96 billion from $5.06 billion at year-end, and total debt was $26.3 billion, so net debt rose to about $22.4 billion from $21.9 billion. Management guided second-quarter 2026 adjusted diluted EPS to $4.40 to $4.50 (up 8% to 10%) and reaffirmed full-year adjusted EPS of $17.60 to $17.90 (up 7% to 9%, including roughly 1% favorable currency). Full-year capex is expected at $5.0 to $5.5 billion, including growth investment tied to a $7.1 billion contracted sale-of-gas project backlog. Investors should weigh the strong EPS growth and steady margins against the modest underlying volume growth, weak EMEA trends, and rising leverage.

May 1, 2026 8-K

Material AgreementsFinancial EventsExhibits & Filings

LINDE PLC 8-K Report, Financial Results (Feb 5, 2026)

Linde plc (Nasdaq: LIN) reported full-year and fourth-quarter 2025 results in an 8-K furnished on February 5, 2026. For full-year 2025, sales were $34.0 billion, up 3% year over year, with underlying sales up 2% from 2% price attainment and stable volumes, plus 1% from bolt-on acquisitions. Adjusted operating profit was $10.1 billion, up 4%, with an adjusted operating margin of 29.8%, 30 basis points higher than 2024. Diluted EPS was $14.61 and adjusted diluted EPS was $16.46, up 6%. Operating cash flow rose 10% to $10.4 billion, and the company returned $7.4 billion to shareholders through dividends and net buybacks. Management cited ROC of 24.2% and a total project backlog of $10.0 billion. Fourth-quarter results were similarly steady. Sales were $8.8 billion, up 6%, with underlying sales up 3% driven by pricing and project start-ups. Adjusted operating profit rose 4% to $2.6 billion, though the adjusted margin of 29.5% was 40 basis points below the prior year. GAAP diluted EPS fell 9% to $3.26, reflecting Linde AG purchase accounting and restructuring charges. Americas drove growth, with sales up 8% and a 30.9% operating margin. EMEA underlying sales declined 2% on lower volumes in chemicals & energy, and Linde Engineering sales fell 2% to $615 million. For 2026, Linde guided full-year adjusted EPS to $17.40-$17.90, implying 6%-9% growth, or 5%-8% excluding currency tailwinds. Capital expenditures are expected at $5.0-$5.5 billion, and Q1 2026 adjusted EPS guidance is $4.20-$4.30. Investors should note that the guidance relies on non-GAAP adjusted EPS, that a meaningful share of growth is currency-driven, and that the company did not provide a GAAP reconciliation for its forward guidance.

Feb 5, 2026 8-K

LINDE PLC 8-K Report, Material Agreement (Dec 3, 2025)

Linde plc (LIN) has entered into a new 364-day unsecured revolving credit agreement totaling $1.5 billion. This facility, secured by full and unconditional guarantees from the Company and certain subsidiaries, is intended for general corporate purposes. The agreement provides flexibility with borrowing options in multiple currencies, including USD, Sterling, and Euros, and includes provisions for swingline loans up to $50 million (USD) and €25 million (EUR). Notably, the Credit Agreement does not contain a financial maintenance covenant, which is a positive sign for operational flexibility. The company has the option to convert outstanding revolving loans into non-revolving term loans, payable one year after the commitment termination date. As of the filing date, there were no outstanding borrowings under this new facility, indicating strong liquidity and no immediate need for these funds.

Dec 3, 2025 8-K

LINDE PLC 8-K Report, Corporate Update (Nov 20, 2025)

Linde plc has filed an 8-K to announce the issuance of €1.75 billion in new debt across three tranches: €600 million in Floating Rate Notes due 2027, €650 million in 3.125% Notes due 2032, and €500 million in 3.750% Notes due 2038. The company expects to receive approximately €1,737 million in net proceeds after fees, which will be utilized for general corporate purposes. These new notes have been admitted for trading on the Euro MTF market of the Luxembourg Stock Exchange, indicating their availability to a broad investor base. This debt issuance is part of Linde's established European debt issuance program, which has been updated and supplemented. The notes are unsecured and are guaranteed by Linde GmbH and Linde Inc., wholly-owned subsidiaries, providing an additional layer of credit support. The aggregate principal amount authorized under the program is €20 billion, and this issuance is within that framework. Investors should note that these securities were issued under Regulation S of the U.S. Securities Act of 1933 and are not registered in the U.S., meaning they are primarily offered outside the United States to non-U.S. persons.

Nov 20, 2025 8-K

LINDE PLC 8-K Report, Financial Results (Oct 31, 2025)

Linde plc (LIN) furnished its third-quarter 2025 results via an 8-K (Item 2.02) dated October 31, 2025, with the full press release attached as Exhibit 99.1. Sales were $8.6 billion, up 3% year over year, with underlying sales up 2% from price while volumes were flat and acquisitions added 1%. GAAP diluted EPS rose 27% to $4.09, and adjusted EPS was $4.21, up 7%. Adjusted operating profit reached $2.6 billion (up 3%) at a 29.7% margin, 10 basis points above the prior year. Operating cash flow grew 8% to $2.9 billion, and free cash flow was $1.67 billion after $1.28 billion of capex. The company returned $1.685 billion to shareholders through dividends and buybacks, net of issuances. Segment performance was mixed. Americas sales grew 6% with a 31.2% margin, slightly down year over year. APAC sales rose 1% but underlying sales fell 1% on lower helium pricing, and margin declined 90 basis points. EMEA margin improved 260 basis points to 35.9% despite a 3% volume decline. Linde Engineering sales fell 15% to $519 million, though its backlog stood at $2.9 billion. Management guided Q4 2025 adjusted EPS to $4.10-$4.20 and full-year 2025 adjusted EPS to $16.35-$16.45 (up 5-6%), with currency expected to be flat for the year. Full-year capex is expected at $5.0-$5.5 billion, including a $7.1 billion contractual sale-of-gas project backlog. CEO Sanjiv Lamba described the industrial backdrop as stagnant and said management remains guarded on near-term recovery.

Oct 31, 2025 8-K

LINDE PLC 8-K Report, Executive Changes (Sep 29, 2025)

Linde plc announced significant leadership changes via an 8-K filing on September 29, 2025. The most notable change is the upcoming retirement of Chairman Stephen F. Angel, effective January 31, 2026. In preparation for this transition, CEO Sanjiv Lamba will assume the additional role of Chairman of the Board upon Mr. Angel's retirement, with Robert Wood continuing as Lead Independent Director. This move consolidates leadership at the top, aligning the CEO and Chairman roles under Lamba. Furthermore, Linde has appointed Sean Durbin as its new Chief Operating Officer (COO), effective October 1, 2025. Durbin brings extensive operational and leadership experience from his various roles within Linde and its predecessor, Praxair, Inc., including his recent position as EVP-North America. This appointment signals a focus on operational execution and management continuity as the company navigates future growth and strategic initiatives.

Sep 29, 2025 8-K

LINDE PLC 8-K Report, Executive Changes (Aug 7, 2025)

Linde plc has filed an 8-K to announce a significant leadership transition within its Human Resources department. Effective September 1, 2025, Executive Vice President and Chief Human Resources Officer David Strauss will step down from his executive officer role, retiring from the company on March 31, 2026, after a distinguished 35-year tenure. This change marks the end of an era for a long-serving executive. Following Mr. Strauss's departure from his executive role, Desiree Bacher has been appointed as the new Senior Vice President and Chief Human Resources Officer, effective September 1, 2025. Ms. Bacher currently holds the position of Senior Vice President-Communications, AI, & Corporate Procurement, indicating a strategic internal promotion and likely a continuation of established HR strategies or an integration of new areas of focus. Investors should monitor how Ms. Bacher's leadership influences Linde's talent management, employee relations, and corporate culture moving forward.

Aug 7, 2025 8-K

LINDE PLC 8-K Report, Financial Results (Aug 1, 2025)

Linde plc (Nasdaq: LIN) reported second-quarter 2025 results on August 1, 2025, showing modest top-line growth and stronger profitability. Sales were $8.5 billion, up 3% year over year, though underlying sales rose only 1%, with 2% price gains partly offset by 1% lower volumes concentrated in the manufacturing end market. Adjusted operating profit reached $2.6 billion, up 6%, and the adjusted operating margin expanded 80 basis points to 30.1%, reflecting higher pricing and productivity initiatives across all segments. GAAP diluted EPS was $3.73, up 8%, and adjusted EPS was $4.09, up 6%. Cash generation was solid. Operating cash flow rose 15% to $2.2 billion, and after $1.26 billion of capital expenditures, free cash flow was $954 million. Linde returned $1.8 billion to shareholders via dividends and net buybacks during the quarter. Management guided full-year 2025 adjusted EPS to $16.30–$16.50 (up 5–6%, or 4–5% excluding currency tailwinds) and Q3 adjusted EPS to $4.10–$4.20. Full-year capex is expected at $5.0–$5.5 billion, including the $7.1 billion sale-of-gas project backlog. Management described a more measured macro view for the second half, which tempers the outlook for industrial volumes.

Aug 1, 2025 8-K

LINDE PLC 8-K Report, Shareholder Vote Results (Aug 1, 2025)

Linde plc filed an 8-K report on August 1, 2025, detailing the outcomes of its Annual General Meeting (AGM) held on July 29, 2025. The meeting saw strong shareholder participation, with over 83% of outstanding shares present or represented by proxy, indicating significant investor engagement. Key resolutions included the election of directors, ratification of the independent auditor, and approval of executive compensation, all of which passed with substantial support, reflecting shareholder confidence in the company's governance and management. The meeting also addressed proposals related to auditor remuneration and the re-allotment of treasury shares, both receiving high approval rates. Notably, a shareholder proposal requesting a report on lobbying and trade association alignment with climate goals was not acted upon due to the proponent's absence. Overall, the AGM results suggest a stable and supportive shareholder base, with broad approval for the board's proposed actions and compensation structures. Investors can interpret these outcomes as positive indicators of leadership stability and alignment on key corporate governance matters.

Aug 1, 2025 8-K

LINDE PLC 8-K Report, Corporate Update (Jun 5, 2025)

Linde plc (LIN) has filed an 8-K report detailing the issuance of new debt securities on June 4, 2025. The company issued ₣225 million in 0.6150% Notes due 2029 and ₣275 million in 1.0629% Notes due 2033, totaling ₣500 million. These notes were issued under the company's European debt issuance programme, which is valid for one year from May 8, 2025, and can support up to €20 billion in outstanding notes. The net proceeds from this offering amount to approximately ₣498.6 million, which will be utilized for general corporate purposes. The notes have been admitted to the official list of the SIX Swiss Exchange for trading. This issuance is part of Linde's ongoing strategy to manage its capital structure and fund its operations. Investors should note that these notes are unsecured and guaranteed by Linde's German and US subsidiaries, and they were issued under Regulation S of the U.S. Securities Act of 1933, meaning they are not registered with the SEC and have restrictions on sale within the United States.

Jun 5, 2025 8-K

LINDE PLC 8-K Report, Financial Results (May 1, 2025)

Linde plc (Nasdaq: LIN) reported first-quarter 2025 results on May 1, 2025, with sales flat year-over-year at $8.1 billion (underlying sales up 1%, driven by 2% price attainment partially offset by 1% lower volumes). Net income was $1,673 million and diluted EPS was $3.51, up 5%. Excluding Linde AG purchase accounting impacts and other charges, adjusted EPS was $3.95, up 5% year-over-year (8% excluding currency effects). Adjusted operating profit rose 4% to $2.4 billion, and the adjusted operating margin expanded 120 basis points to 30.1%, reflecting pricing and productivity gains across all segments. Cash generation was solid. Operating cash flow rose 11% to $2.2 billion, and after $1.27 billion of capital expenditures, free cash flow was $891 million. The company returned $1.8 billion to shareholders through dividends and net buybacks. Management cited a return on capital of 25.7%, and the Americas and EMEA segments drove most of the profit strength, with EMEA's operating margin up 260 basis points. Guidance points to modest near-term growth with currency headwinds. Full-year 2025 adjusted EPS is guided to $16.20–$16.50 (up 4–6%, or 6–8% excluding an estimated 2% FX headwind), and Q2 adjusted EPS is guided to $3.95–$4.05. Full-year capex is expected at $5.0–$5.5 billion, including support for a $7.0 billion contractual sale-of-gas project backlog. Management remains cautious on the macroeconomic outlook, with volume weakness in manufacturing and metals & mining the main drag. This filing is a furnished press release under Item 2.02, not a financial statement filing, so the figures are unaudited.

May 1, 2025 8-K

LINDE PLC 8-K Report, Corporate Update (Feb 18, 2025)

Linde plc (LIN) has announced the issuance of €2,234 million in aggregate principal amount of senior unsecured notes across three tranches with varying maturities and coupon rates. The issuance includes €850 million of 2.625% Notes due 2029, €750 million of 3.000% Notes due 2033, and €650 million of 3.250% Notes due 2037. These notes were issued under the Company's established European debt issuance program and have been admitted to the official list of the Luxembourg Stock Exchange. The net proceeds from this offering, amounting to approximately €2,234 million after deducting fees, are designated for general corporate purposes. The notes are guaranteed by Linde GmbH and Linde Inc., wholly-owned subsidiaries, reinforcing the overall creditworthiness of the debt issuance. This move signals Linde's strategic approach to financing its operations and potentially future growth initiatives through diversified debt capital markets.

Feb 18, 2025 8-K

Material AgreementsFinancial EventsExhibits & Filings

LINDE PLC 8-K Report, Financial Results (Feb 6, 2025)

Linde plc (Nasdaq: LIN) reported full-year and fourth-quarter 2024 results on February 6, 2025, furnished under Item 2.02 of this 8-K. Full-year 2024 sales were $33.0 billion, flat year over year, with underlying sales up 2% driven by price attainment and stable volumes. Adjusted operating profit rose 7% to $9.7 billion, lifting the adjusted operating margin to 29.5%, up 190 basis points. Diluted EPS was $13.62 (up 8%), and adjusted EPS was $15.51 (up 9%, or 10% excluding currency). Fourth-quarter adjusted operating margin expanded 250 basis points to 29.9%, and adjusted EPS of $3.97 rose 11%, or 13% excluding currency headwinds. Operating cash flow was $9.4 billion for the year, with $4.5 billion of capex, leaving substantial free cash flow that funded $7.1 billion of dividends and net buybacks. Management's 2025 guidance calls for adjusted EPS of $16.15 to $16.55, representing 4% to 7% growth reported, or 8% to 11% excluding estimated currency headwinds. Q1 2025 adjusted EPS guidance is $3.85 to $3.95, which includes an assumed 4% unfavorable currency impact. Capital expenditures are expected to be $5.0 billion to $5.5 billion, including the contractual sale of gas backlog. The company ended 2024 with a total project backlog of $10.4 billion, including a largest-ever product supply agreement tied to clean energy projects. The main risk to the outlook is currency translation, which management has flagged as weakening macro conditions persist. For investors, the filing shows steady pricing-driven margin expansion and disciplined capital returns, with the currency headwind the key variable for the 2025 earnings trajectory. The filing itself is a routine earnings disclosure; the detailed financials appear in the attached press release exhibit, which should be reviewed alongside the Form 10-K risk factors.

Feb 6, 2025 8-K

LINDE PLC 8-K Report, Material Agreement (Dec 4, 2024)

Linde plc has entered into a new unsecured 364-day revolving credit agreement totaling $1.5 billion, effective December 4, 2024. This facility, secured by guarantees from Linde plc and certain subsidiaries, is intended for general corporate purposes and provides flexibility in borrowing various currencies. The agreement includes provisions for conversion into term loans and features interest rates tied to benchmark rates like SOFR, EURIBOR, and SONIA, adjusted by a ratings-based pricing grid. This credit line offers significant liquidity and financial flexibility for Linde's ongoing operations and strategic initiatives. The absence of financial maintenance covenants is a positive indicator of the company's strong financial standing and confidence from its banking partners. As of the filing date, no funds have been drawn from this facility, indicating robust current liquidity.

Dec 4, 2024 8-K

LINDE PLC 8-K Report, Executive Changes (Dec 2, 2024)

This 8-K filing from Linde PLC details the retirement agreement for John Panikar, former Executive Vice President-APAC. While Mr. Panikar's executive officer role concluded on November 1, 2024, he will continue in a non-executive capacity until his official retirement on March 31, 2025. This transition period includes continued salary and benefits, with eligibility for a 2024 variable compensation bonus. Key financial aspects for investors revolve around the severance package Mr. Panikar will receive upon his retirement. This includes a substantial cash severance totaling over $860,000, plus a performance-based component tied to 2025 corporate performance, and continued health benefits. The agreement also reaffirms Mr. Panikar's existing non-compete and non-solicitation obligations, ensuring protection of Linde's business interests.

Dec 2, 2024 8-K

LINDE PLC 8-K Report, Executive Changes (Nov 4, 2024)

Linde plc (LIN) has filed an 8-K to announce a key executive transition within its Asia-Pacific (APAC) region. Effective November 1, 2024, John Panikar, Executive Vice President of APAC, will step down from his executive officer role to retire on March 31, 2025, after a distinguished 33-year tenure with the company. This transition marks the end of an era for a long-standing leader in a critical growth market for Linde. To ensure continuity and strategic execution in the APAC region, Linde has appointed Binod Patwari as the new Senior Vice President of APAC, effective November 1, 2024. Mr. Patwari, previously the Managing Director of Linde's South Pacific Region, will assume responsibility for all APAC operations, business plan execution, and strategic development. This appointment signifies Linde's confidence in internal talent to lead its significant operations in this vital geographical area.

Nov 4, 2024 8-K

LINDE PLC 8-K Report, Financial Results (Oct 31, 2024)

Linde plc (LIN) filed an 8-K on October 31, 2024, to report its financial results for the quarter ended September 30, 2024. The core of this filing is the press release furnished as Exhibit 99.1, which contains the company's operational and financial performance for the period. Investors should refer to this press release for detailed metrics, earnings per share, revenue figures, and any forward-looking statements or guidance provided by the company. While the 8-K itself is a procedural filing to announce the results, the accompanying press release is the crucial document for understanding Linde's recent performance. It will likely cover key financial indicators and provide management's commentary on business trends, segment performance, and strategic initiatives. Investors seeking to assess Linde's current financial health and future prospects should closely examine the details within Exhibit 99.1.

Oct 31, 2024 8-K

LINDE PLC 8-K Report, Financial Results (Aug 2, 2024)

Linde plc (Nasdaq: LIN) reported second-quarter 2024 results that combined modest top-line growth with strong margin expansion and a raised underlying earnings trajectory. Sales were $8,267 million, up 1% reported and 3% on an underlying basis, with growth driven entirely by price as volumes were flat. Adjusted operating profit rose 6% to $2,422 million, and the adjusted operating margin expanded 140 basis points to 29.3%. Adjusted diluted EPS was $3.85, up 8%, while GAAP diluted EPS was $3.44, up 8% as well. Management highlighted an after-tax adjusted return on capital of 25.7%. Cash generation was softer this quarter. Operating cash flow fell 10% to $1,929 million, primarily due to the timing of engineering project prepayments, and free cash flow was $796 million after $1,133 million of capital expenditures. Linde returned $2,100 million to shareholders through dividends and net buybacks during the quarter. Net debt rose to about $16.9 billion from $14.7 billion at year-end 2023, reflecting the timing of cash returns and capital spending, and reported long-term debt increased to $16.9 billion from $13.4 billion. Looking forward, Linde guided full-year 2024 adjusted EPS to $15.40 to $15.60, implying 8% to 10% growth reported, or 9% to 11% excluding an estimated 1% currency headwind. Third-quarter adjusted EPS is guided to $3.82 to $3.92. Full-year capital expenditures are expected at $4.0 to $4.5 billion, including the $4.7 billion contractual sale-of-gas project backlog. Management characterized the economic environment as uncertain but expressed confidence in winning a fair share of high-quality projects.

Aug 2, 2024 8-K

LINDE PLC 8-K Report, Shareholder Vote Results (Aug 2, 2024)

Linde plc held its Annual General Meeting (AGM) on July 30, 2024, with a strong shareholder turnout of 84.22%. The meeting primarily focused on voting for director nominees, ratification of PricewaterhouseCoopers (PWC) as the independent auditor, executive compensation, and the re-allotment price range for treasury shares. All ten director nominees were overwhelmingly elected, indicating strong board support. Shareholders also overwhelmingly ratified the appointment of PWC as the independent auditor and approved the authorization for the Board to determine PWC's remuneration. Additionally, advisory votes on executive compensation and the price range for treasury share re-allotment received significant approval, underscoring shareholder confidence in the company's governance and operational decisions.

Aug 2, 2024 8-K

LINDE PLC 8-K Report, Corporate Update (Jun 4, 2024)

Linde plc (LIN) has announced the successful issuance of €2.176 billion in aggregate principal amount of senior notes across three tranches: €750 million of 3.375% Notes due 2030, €750 million of 3.500% Notes due 2034, and €700 million of 3.750% Notes due 2044. These notes were issued under the company's updated European debt issuance programme, which has an authorized aggregate principal amount of up to €15 billion. The proceeds from this offering will be utilized for general corporate purposes, which provides the company with increased financial flexibility. The notes have been admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange, indicating enhanced liquidity and accessibility for investors in the European market. The issuance reinforces Linde's established debt program and is supported by guarantees from its wholly-owned subsidiaries, Linde GmbH and Linde Inc.

Jun 4, 2024 8-K

LINDE PLC 8-K Report, Financial Results (May 2, 2024)

Linde plc (Nasdaq: LIN) reported first-quarter 2024 results on May 2, 2024 that were solid on profitability despite flat-to-lower top-line performance. Reported sales were $8.1 billion, down 1% year over year, with underlying sales up 1% driven by 2% price attainment, partially offset by 1% lower volumes concentrated in manufacturing. The real story is margin expansion: adjusted operating profit rose 6% to $2.34 billion, and the adjusted operating margin reached 28.9%, up 200 basis points, with management crediting higher pricing and productivity initiatives across all segments. Reported GAAP diluted EPS was $3.35 (up 9%), while adjusted diluted EPS was $3.75 (up 10%), with the gap driven mainly by Linde AG merger purchase accounting impacts (about $0.41 per share). Cash generation and capital returns were healthy but tighter. Operating cash flow was $1.95 billion (up 2%), capital expenditures were $1.05 billion, and free cash flow was $906 million, down from $1,079 million a year earlier. Linde returned $1.69 billion to shareholders through dividends and net buybacks. Net debt on an adjusted basis rose to roughly $15.5 billion from about $14.7 billion at year-end 2023, and long-term debt increased meaningfully, which investors may want to monitor alongside the buyback and dividend pace. Adjusted after-tax return on capital improved to 25.6%. Guidance was reaffirmed in the form of ranges. Management expects Q2 2024 adjusted EPS of $3.70 to $3.80 and full-year 2024 adjusted EPS of $15.30 to $15.60, implying 8% to 10% growth (9% to 11% excluding an estimated 1% currency headwind). Full-year capex is expected at $4.0 to $4.5 billion, including a $4.9 billion contractual sale-of-gas project backlog. Management noted continued economic uncertainty, though it expressed confidence in the operating model. Investors should note that the adjusted figures exclude Linde AG purchase accounting effects, and that adjusted EPS guidance is a non-GAAP measure.

May 2, 2024 8-K

LINDE PLC 8-K Report, Executive Changes (Apr 30, 2024)

Linde plc (LIN) has filed an 8-K report on April 30, 2024, primarily to announce the retirement of Martin H. Richenhagen from its Board of Directors, effective April 29, 2024. This departure aligns with the company's Director Tenure & Resignation Policy, indicating a structured approach to board refreshment. While the report does not contain financial results or strategic operational updates, it marks a change in the composition of the board.

Apr 30, 2024 8-K

LINDE PLC 8-K Report, Executive Changes (Feb 28, 2024)

Linde plc announced on February 27, 2024, a significant addition to its Board of Directors with the election of Paula Rosput Reynolds as a new independent director, effective immediately. Ms. Reynolds brings valuable experience and will enhance the board's oversight capabilities by serving on both the Audit Committee and the Sustainability Committee. This strategic appointment is aimed at strengthening corporate governance and furthering Linde's commitment to robust financial scrutiny and environmental, social, and governance (ESG) principles. Investors should note that Ms. Reynolds will participate in Linde's standard non-management director compensation program. This filing primarily concerns the board composition change, with no other material financial updates or operational disclosures provided in this particular 8-K. The company continues to focus on governance enhancements as a key aspect of its corporate strategy.

Feb 28, 2024 8-K

LINDE PLC 8-K Report, Corporate Update (Feb 14, 2024)

Linde plc (LIN) announced on February 14, 2024, the issuance of €2,250 million in aggregate principal amount of senior notes across three tranches: €700 million of 3.000% Notes due 2028, €850 million of 3.200% Notes due 2031, and €700 million of 3.400% Notes due 2036. The net proceeds from this offering, approximately €2,238 million after fees, are intended for general corporate purposes. These notes were issued under Linde's existing European debt issuance program, which has an authorized aggregate principal amount of €10 billion. The issuance is supported by guarantees from Linde GmbH and Linde Inc., both wholly-owned subsidiaries. The notes have been admitted to the official list of the Luxembourg Stock Exchange and will trade on its Euro MTF market. This filing details the terms of the notes and the agreements governing their issuance and management.

Feb 14, 2024 8-K

Material AgreementsFinancial EventsExhibits & Filings

LINDE PLC 8-K Report, Financial Results (Feb 6, 2024)

Linde plc (LIN) reported fourth-quarter and full-year 2023 results on February 6, 2024. Full-year reported sales were $32.9 billion, down 2% year over year, but underlying sales rose 5% on 6% price gains partly offset by 1% lower volumes; the reported decline reflects currency and the drag from prior-year items. Reported operating profit was $8.0 billion, while adjusted operating profit rose 15% to $9.1 billion, with the adjusted operating margin expanding 390 basis points to 27.6%. Adjusted diluted EPS grew 16% to $14.20 versus $12.29, and reported diluted EPS was $12.59. Management highlighted a 25.4% adjusted after-tax return on capital, $9.3 billion of operating cash flow, $3.8 billion of capex, and $6.4 billion returned to shareholders via dividends and buybacks. Fourth-quarter results were similarly strong: sales of $8.3 billion rose 5%, adjusted operating profit grew 14% to $2.3 billion, and adjusted EPS of $3.59 rose 14%. Free cash flow in the quarter was $1.6 billion, and the company ended the year with a $8.5 billion project backlog that management believes will support future earnings growth. Segment performance was broadly positive, with Americas and EMEA margins expanding meaningfully on pricing and cost pass-through, while Linde Engineering sales rose 17% but its margin was lower. Looking ahead, Linde guided 2024 adjusted EPS to $15.25 to $15.65 (up 7% to 10%, or 8% to 11% excluding currency headwinds) and first-quarter adjusted EPS to $3.58 to $3.68. Full-year 2024 capex is expected at $4.5 billion to $5.0 billion. Investors should note that the company's adjusted metrics exclude Linde AG merger purchase accounting effects (about $1.0 billion of operating profit impact in 2023) and other charges, so the GAAP figures are materially lower than the adjusted headline numbers.

Feb 6, 2024 8-K

LINDE PLC 8-K Report, Material Agreement (Dec 6, 2023)

Linde plc announced on December 6, 2023, the entry into a new unsecured 364-day revolving credit agreement totaling $1.5 billion. This facility, with Bank of America, N.A. as administrative agent and a syndicate of lenders, provides Linde and certain subsidiaries with access to funds for general corporate purposes. The agreement allows for borrowings in various major currencies, including USD, Pounds Sterling, and Euros, with specific provisions for swingline loans. The credit agreement's structure is designed for flexibility, with the option to convert outstanding balances into term loans due one year after the commitment termination date. Notably, the agreement does not include a financial maintenance covenant, which is a positive signal for financial flexibility. As of the filing date, there were no outstanding borrowings under this new facility, indicating a proactive approach to liquidity management by Linde.

Dec 6, 2023 8-K

Earnings & ResultsSecurities & ListingRegulation FD+1

LINDE PLC 8-K Report, Financial Results (Oct 26, 2023)

Linde plc reported third-quarter 2023 results with GAAP net income of $1,565 million and diluted EPS of $3.19 (up 26% year over year). Excluding Linde AG purchase accounting impacts and other charges, adjusted EPS was $3.63, up 17%. Reported sales fell 7% to $8,155 million, but underlying sales rose 3% on 5% price gains partly offset by 2% lower volumes. The decline in reported sales was largely driven by Linde Engineering, where sales fell 44%. Adjusted operating margin expanded 550 basis points to 28.3%, which management attributes to pricing, productivity initiatives and network density. Cash generation was solid, with operating cash flow of $2,520 million and free cash flow of $1,572 million after $948 million of capital expenditures. The company returned $1,774 million to shareholders through dividends and net buybacks during the quarter. Adjusted ROC improved to 25.6%. Management raised full-year 2023 adjusted EPS guidance to $14.00–$14.10 (up 14–15%) and guided Q4 adjusted EPS to $3.38–$3.48. The filing also discloses that Linde will voluntarily transfer its listing from the NYSE to Nasdaq, with trading under the ticker LIN beginning November 7, 2023. The company cites potential Nasdaq index inclusion opportunities and cost savings. For investors, the results point to strong margin-driven earnings growth, while the top-line decline and the Engineering segment's weakness warrant monitoring. The listing change itself is administrative and does not alter the company's operations.

Oct 26, 2023 8-K

LINDE PLC 8-K Report, Rights Modification (Jul 28, 2023)

Linde plc filed an 8-K on July 28, 2023, reporting on the outcomes of its Annual General Meeting (AGM) held on July 24, 2023. The most significant event for investors was the shareholder approval of amendments to the company's Memorandum and Articles of Association. These amendments reduce certain supermajority shareholder vote requirements, potentially making future corporate actions and decision-making more streamlined. The company also reported overwhelming support for its director nominees, the ratification of PricewaterhouseCoopers (PwC) as its independent auditor, and executive compensation.

Jul 28, 2023 8-K

LINDE PLC 8-K Report, Financial Results (Jul 27, 2023)

Linde plc (NYSE: LIN) reported second-quarter 2023 results on July 27, 2023, with reported sales of $8,204 million, down 3% year over year, but underlying sales up 6% on 7% price attainment, partly offset by 1% lower volumes. Reported GAAP diluted EPS was $3.19, up sharply from $0.74 a year earlier, but this comparison is distorted by $993 million of Russia-related other charges in Q2 2022. On an adjusted basis, which excludes other charges and Linde AG merger purchase accounting impacts, diluted EPS was $3.57, up 15%, and adjusted operating profit rose 15% to $2,286 million with the adjusted operating margin expanding 440 basis points to 27.9%. Management raised full-year 2023 adjusted EPS guidance to $13.80-$14.00, implying 12%-14% growth, and guided third-quarter adjusted EPS to $3.48-$3.58. Growth was broad-based across segments: Americas operating margin reached 30.2%, EMEA's 29.2%, and APAC's 28.0%, while Linde Engineering sales fell 23%. Cash generation remained solid, with Q2 operating cash flow of $2,150 million and free cash flow of $1,291 million, though cash fell on the balance sheet as the company returned $1,523 million to shareholders and made acquisitions. For investors, the key takeaways are margin-led earnings growth driven by pricing and productivity rather than volume, which was slightly down, and a guidance raise that assumes no currency impact for the full year. Watch the reliance on non-GAAP adjusted measures, the sizable Linde AG purchase accounting drag on reported earnings, Linde Engineering's sales decline, and the $3.5-$4.0 billion capital expenditure plan, which includes a $4.4 billion contractual gas project backlog.

Jul 27, 2023 8-K

LINDE PLC 8-K Report, Corporate Update (Jun 12, 2023)

Linde plc has announced the issuance of €1.891 billion in aggregate principal amount of new senior unsecured notes across three tranches: €500 million maturing in 2025 at 3.625%, €750 million maturing in 2029 at 3.375%, and €650 million maturing in 2034 at 3.625%. These notes were issued under the company's European debt issuance program, which has an aggregate authorized limit of €10 billion. The net proceeds from this offering are intended for general corporate purposes. This move indicates proactive capital management by Linde to potentially fund ongoing operations, strategic initiatives, or refinance existing debt.

Jun 12, 2023 8-K

LINDE PLC 8-K Report, Executive Changes (Apr 28, 2023)

Linde plc filed an 8-K on April 28, 2023, primarily announcing the retirement of a Board member, Edward G. Galante, effective April 24, 2023. This departure is in accordance with the company's Director Tenure & Resignation Policy, specifically due to Mr. Galante reaching the age of 72. The filing also includes the Cover Page Interactive Data File as an exhibit, which is standard for SEC filings and facilitates data analysis. For investors, this 8-K represents a routine governance update. The retirement of a director due to age limits is a planned event and does not signal any strategic shifts or performance concerns. Investors should view this as a procedural change in board composition. The company's operational and financial performance, which is typically detailed in earnings releases and subsequent 10-Q filings, is not directly addressed in this 8-K. However, understanding board composition and governance policies is a component of long-term investment assessment.

Apr 28, 2023 8-K

LINDE PLC 8-K Report, Financial Results (Apr 27, 2023)

Linde plc (NYSE: LIN) reported first-quarter 2023 results on April 27, 2023, with GAAP net income of $1,516 million (up 29% year over year) and diluted EPS of $3.06 (up 33%). Reported sales were flat at $8,193 million, though up 3% excluding negative currency effects, and underlying sales rose 8% on price attainment. Adjusted operating profit grew 16% to $2,206 million, with adjusted operating margin expanding 370 basis points to 26.9%. Adjusted EPS was $3.42, up 17% (20% excluding FX), marking the tenth consecutive quarter of 20%+ EPS growth ex-FX. Management cited a record adjusted after-tax return on capital of 24.0%. The key forward-looking signal is the raised full-year 2023 adjusted EPS guidance of $13.45 to $13.85, representing 9% to 13% growth, with no currency impact assumed. Second-quarter adjusted EPS guidance is $3.40 to $3.50, implying 10% to 13% growth. Full-year capital expenditures are expected at $3.5 to $4.0 billion, including the $4.2 billion contracted sale-of-gas project backlog. Management described the geopolitical and macro backdrop as uncertain. Investors should note several balance sheet and cash flow items. Operating cash flow fell 5% to $1,908 million, mainly due to lower engineering project prepayments, and free cash flow was $1,079 million. The company returned $1,469 million to shareholders through dividends and net buybacks. Net debt rose to $13.8 billion from $12.5 billion at year-end 2022, partly due to $808 million of acquisitions. Retained earnings and treasury shares were reduced by roughly $15 billion following the delisting from the Frankfurt Stock Exchange, which cancelled historical treasury shares and does not affect economic value. Adjusted figures exclude Linde AG merger purchase accounting impacts and other charges, which investors should weigh alongside GAAP results.

Apr 27, 2023 8-K

Material AgreementsFinancial EventsExhibits & Filings

LINDE PLC 8-K Report, Financial Results (Feb 7, 2023)

Linde plc (NYSE: LIN) reported fourth-quarter and full-year 2022 results on February 7, 2023, showing strong profitability and cash generation despite a challenging macro backdrop. Full-year 2022 sales rose 8% to $33.4 billion (up 13% excluding FX), with underlying sales up 8% driven by 7% price attainment and 1% higher volumes. GAAP operating profit was $5.4 billion, but this included $1.0 billion of Russia-Ukraine and other charges, mainly from the deconsolidation and impairment of Russian subsidiaries. Adjusted operating profit was $7.9 billion, up 10%, with an adjusted operating margin of 23.7%. GAAP diluted EPS was $8.23 (up 12%), while adjusted EPS was $12.29 (up 15%, or 20% excluding FX). Adjusted after-tax return on capital reached a record 22.9%. Cash flow and capital returns remained strong. Operating cash flow was $8.9 billion and capex was $3.2 billion, leaving free cash flow of roughly $5.7 billion. Linde returned $7.5 billion to shareholders through dividends and buybacks, up 11% year over year. Balance-sheet leverage increased during the year: short-term debt rose to $4.1 billion and total debt reached about $17.9 billion, versus $16.7 billion at the end of 2021. Net debt stood at about $12.5 billion. The company also reported a total project backlog of $9.2 billion, with Linde Engineering sales down 41% in the fourth quarter as the business continued to work through prior project prepayments. Looking ahead, management guided 2023 adjusted EPS to $13.15 to $13.55, representing 7% to 10% growth as reported or 9% to 12% excluding estimated currency headwinds. Q1 2023 adjusted EPS guidance is $3.05 to $3.15, and 2023 capex is expected at $3.5 to $4.0 billion. Management cited an uncertain geopolitical and macro environment but emphasized its positioning for clean-energy projects. Investors should weigh the strong underlying margin and return profile against the sizable non-GAAP adjustments, the Russia-related charges, and the higher leverage.

Feb 7, 2023 8-K

Leadership Changes

LINDE PLC 8-K Report, Executive Changes (Jan 24, 2023)

Linde PLC (LIN) announced a significant change to its Board of Directors with the election of Hugh Grant as a new member, effective January 23, 2023. Mr. Grant's appointment brings valuable experience to the board, and he will contribute to key committees: the Nomination and Governance Committee and the Human Capital Committee. This move signals a potential strengthening of the board's oversight and strategic direction in areas critical to corporate governance and human resources management.

Jan 24, 2023 8-K

Shareholder Matters

LINDE PLC 8-K Report, Shareholder Vote Results (Jan 23, 2023)

Linde plc (LIN) filed an 8-K on January 23, 2023, reporting the outcomes of its Court Meeting and Extraordinary General Meeting (EGM) held on January 18, 2023. The primary purpose of these meetings was for shareholders to vote on a proposed reorganization transaction designed to delist Linde's ordinary shares from the Frankfurt Stock Exchange and maintain a sole listing on the New York Stock Exchange. Shareholders overwhelmingly approved the key proposals related to this reorganization, including the Scheme of Arrangement, amendments to the articles of association, and the Common Draft Terms of Merger. The high approval rates, with over 93% of votes cast in favor for each proposal, indicate strong shareholder support for the simplification of Linde's stock listings and corporate structure. The increased shareholder participation, with over 77% of outstanding shares represented at the Court Meeting and over 80% at the EGM, further solidifies the mandate for these strategic changes.

Jan 23, 2023 8-K

LINDE PLC 8-K Report, Material Agreement (Dec 8, 2022)

Linde plc (LIN) announced the execution of two significant unsecured credit agreements on December 7, 2022. The first is a "Five Year Credit Agreement" with initial commitments of $5 billion, extendable up to $6.5 billion, maturing on December 7, 2027. This facility is available for general corporate purposes and allows borrowings in multiple currencies, including USD, GBP, and EUR, with provisions for swingline loans and letters of credit totaling up to $600 million. The second agreement is a "364-Day Credit Agreement" with initial commitments of $1.5 billion, expiring approximately one year after its execution. Similar to the five-year agreement, it supports general corporate needs and allows for multi-currency borrowings and swingline loans. Both agreements are unsecured, feature a ratings-based pricing grid for interest margins, and notably, do not include financial maintenance covenants, which generally provides greater flexibility for the company. As of the filing date, neither credit facility had any outstanding usage.

Dec 8, 2022 8-K

LINDE PLC 8-K Report, Corporate Update (Dec 5, 2022)

Linde plc (LIN), through its wholly owned subsidiary Linde Inc., has successfully issued $900 million in aggregate principal amount of new senior notes. The offering comprises $300 million of 4.800% notes due in 2024 and $600 million of 4.700% notes due in 2025. These notes are fully and unconditionally guaranteed by the parent company, Linde plc, and further guaranteed by another subsidiary, Linde GmbH, providing strong credit backing for investors. The net proceeds from this debt issuance are approximately $895.6 million, which the company intends to use for general corporate purposes. This debt issuance represents a strategic move by Linde to bolster its liquidity and fund ongoing operations or potential future investments. The interest rates on the notes are fixed, offering certainty of financing costs for the company. Investors in these notes gain exposure to Linde's credit profile, supported by its global industrial gas operations and the explicit guarantees from its parent and a key subsidiary. The filing also includes the relevant underwriting and indenture agreements, which provide detailed terms and conditions for the debt offering.

Dec 5, 2022 8-K

Regulation FDExhibits & Filings

LINDE PLC 8-K Report, Financial Results (Oct 27, 2022)

Linde plc (NYSE: LIN) reported third-quarter 2022 results on October 27, 2022, with sales of $8.8 billion (up 15% year over year), GAAP diluted EPS of $2.54 (up 35%), and adjusted diluted EPS of $3.10 (up 14%). Underlying sales grew 11% (8% from price, 3% from volume), and adjusted operating margin reached 22.8%, with margins expanding 90 basis points excluding cost pass-through. Operating cash flow of $2.6 billion covered $762 million of capex, producing free cash flow of $1.87 billion, and the company returned $1.73 billion to shareholders through dividends and net buybacks. Record adjusted after-tax return on capital of 21.8% was highlighted by management. Management raised full-year 2022 adjusted EPS guidance to $11.93 to $12.03, representing 12% to 13% growth (17% to 18% excluding a currency headwind of roughly 5%). Q4 2022 adjusted EPS guidance is $2.80 to $2.90, implying 1% to 5% growth, with an assumed 8% year-over-year currency headwind. Full-year capex is expected at $3.0 to $3.4 billion, including the $3.7 billion contractual sale-of-gas project backlog. GAAP results carry meaningful non-recurring items. Year-to-date GAAP operating profit of $3.7 billion (up 1%) reflects about $1.0 billion of Russia-Ukraine conflict and other charges, mainly the deconsolidation and impairment of Russian subsidiaries, plus $1.2 billion of Linde AG merger purchase accounting impacts. Investors should weigh the gap between GAAP and adjusted figures, as well as the sizable currency drag, when assessing the quarter.

Oct 27, 2022 8-K

LINDE PLC 8-K Report, Regulation FD Disclosure (Oct 24, 2022)

On October 24, 2022, Linde plc (NYSE/FWB: LIN) disclosed under Item 7.01 (Regulation FD, furnished rather than filed) that its Board of Directors approved a shareholder proposal for an intercompany reorganization that would delist Linde plc shares from the Frankfurt Stock Exchange. The reorganization would be implemented through an Irish scheme of arrangement and a related domestic Irish merger, creating a new holding company named Linde. Each existing Linde plc share would convert into one share of the new holding company, which would list on the NYSE under the existing LIN ticker. Management attributes the proposal to valuation constraints and added complexity stemming from the dual US-German listing, which it says has limited the stock's valuation through European restrictions. For investors, the near-term economic impact appears limited. The company states the change has no effect on operations, employees, customers, or its commitment to the regions it serves, including Germany, and that it only reduces the number of exchanges offering trading in the stock. The primary investor-relevant consequences are the loss of Frankfurt trading liquidity and potential changes in how European investors can hold or trade the shares, which the company frames as the basis for its expected valuation improvement. Execution remains subject to a special shareholder vote and High Court approval in Ireland, so timing and outcome are uncertain. The filing is primarily informational. No financial results, guidance, or quantitative financial data were included. Investors should review the forthcoming proxy statement, the October 26, 2022 conference call and webcast, and the slide presentation for details on the delisting process, timeline, and any tax or regulatory implications.

Oct 24, 2022 8-K

Shareholder Matters

LINDE PLC 8-K Report, Shareholder Vote Results (Jul 29, 2022)

This 8-K filing from Linde plc details the outcomes of its Annual General Meeting (AGM) held on July 25, 2022. The key takeaway for investors is the overwhelmingly positive shareholder support for the company's leadership and proposed resolutions. All ten director nominees were elected with substantial 'For' votes, indicating strong confidence in the current board's governance. Furthermore, shareholders ratified the appointment of PricewaterhouseCoopers (PWC) as the independent auditor and approved the board's authority to determine PWC's remuneration with very high approval margins.

Jul 29, 2022 8-K

LINDE PLC 8-K Report, Financial Results (Jul 28, 2022)

Linde plc reported second-quarter 2022 results that were strong on an adjusted basis but heavily distorted on a GAAP basis by a $993 million charge tied to the deconsolidation and impairment of its Russian subsidiaries. Sales rose 12% year over year to $8.46 billion, with underlying sales up 9% (7% from price and 2% from volume). Adjusted operating profit grew 8% to $1.99 billion, and adjusted operating margin was 23.5%, up 100 basis points excluding cost pass-through. Adjusted EPS was $3.10, up 15% year over year, while GAAP diluted EPS fell to $0.74 from $1.60 because of the Russia charge and purchase accounting impacts from the Linde AG merger. Cash generation remained solid. Operating cash flow was $2.13 billion, up 17%, and free cash flow was $1.31 billion after $826 million of capital expenditures. Linde returned $2.18 billion to shareholders through dividends and net buybacks. Management raised full-year 2022 adjusted EPS guidance to $11.73 to $11.93, implying 10% to 12% growth (15% to 17% excluding currency). Third-quarter adjusted EPS guidance is $2.85 to $2.95. Russian earnings are excluded prospectively from July 1, 2022, which is a structural headwind to reported results. Management described the geopolitical and macro environment as highly uncertain. For investors, the key takeaways are the underlying strength of pricing and volumes across the Americas, EMEA and APAC segments, the loss of Russian earnings going forward, and the sizable gap between GAAP and adjusted results. The 8-K furnishes the press release under Item 2.02 and does not contain new financial statements, so the results are unaudited and the non-GAAP measures should be reviewed with the reconciliations included in the exhibit.

Jul 28, 2022 8-K

LINDE PLC 8-K Report, Financial Results (Apr 28, 2022)

Linde plc (LIN) filed an 8-K on April 28, 2022, to report its financial results for the first quarter ended March 31, 2022. The primary purpose of this filing is to furnish a press release detailing these results, which is incorporated by reference. Investors should refer to the furnished press release (Exhibit 99.1) for specific financial performance metrics, including revenue, earnings, and any forward-looking guidance provided by the company. This 8-K serves as the official mechanism for disseminating these quarterly results to the public. While the 8-K itself is brief, it directs investors to the comprehensive press release for the detailed financial narrative. Key information such as operating income, net income, earnings per share (EPS), and segment performance, as well as any commentary on business trends or strategic updates, will be found within the press release.

Apr 28, 2022 8-K

LINDE PLC 8-K Report, Corporate Update (Mar 31, 2022)

Linde plc (LIN) announced on March 31, 2022, the successful issuance of €2.03 billion in aggregate principal amount of senior notes across three tranches: €500 million of 1.000% Notes due 2027, €750 million of 1.375% Notes due 2031, and €800 million of 1.625% Notes due 2035. These notes were issued under the Company's established European debt issuance program and will be used for general corporate purposes. The issuance diversifies Linde's debt maturity profile and secures financing at attractive interest rates, reflecting the company's solid credit standing in the market. The notes have been admitted to the official list of the Luxembourg Stock Exchange and for trading on the Euro MTF market. The issuance is backed by guarantees from Linde GmbH and Linde Inc., wholly-owned subsidiaries, underscoring the corporate structure supporting this debt issuance. Investors can refer to the filed Final Terms (Exhibits 4.1, 4.2, and 4.3) for detailed terms and conditions of each note series.

Mar 31, 2022 8-K

LINDE PLC 8-K Report, Financial Results (Feb 10, 2022)

Linde plc (NYSE: LIN) reported fourth-quarter and full-year 2021 results on February 10, 2022, showing strong momentum driven by price increases and volume growth in electronics, chemicals and energy end markets. For full-year 2021, sales rose 13% to $30.8 billion, and adjusted operating profit grew 24% to $7.2 billion, with adjusted operating margin expanding 200 basis points to 23.3%. Adjusted diluted EPS came in at $10.69, up 30%, while GAAP diluted EPS was $7.32, up 56%. Operating cash flow reached $9.7 billion (up 31%), and free cash flow was roughly $6.6 billion after $3.1 billion of capex. The company returned $6.8 billion to shareholders through dividends ($2.2 billion) and net share repurchases ($4.6 billion). Fourth-quarter results were similarly strong, with sales of $8.3 billion (up 14% year over year), adjusted EPS of $2.77 (up 20%), and operating cash flow of $3.2 billion (up 33%). Growth was broad-based across Americas, EMEA and APAC, and Linde Engineering sales rose 25%. Management also noted a contractually secured project backlog of $13 billion and an adjusted after-tax return on capital of 17.7%. Looking ahead, Linde guided 2022 adjusted EPS to $11.55-$11.85 (up 8-11% reported, 10-13% ex-currency) and Q1 2022 adjusted EPS to $2.70-$2.80. Full-year 2022 capex is expected at $3.0-$3.5 billion. The company also announced that CEO Steve Angel will transition to Chairman, with Sanjiv Lamba succeeding him as CEO. Investors should note that GAAP results carry significant purchase accounting charges from the Linde AG merger (about $1.9 billion pre-tax in 2021), so adjusted figures are the company's preferred performance lens and are non-GAAP measures.

Feb 10, 2022 8-K

LINDE PLC 8-K Report, Executive Changes (Nov 18, 2021)

Linde plc (LIN) has filed an 8-K report detailing a significant leadership transition and related executive compensation. Effective March 1, 2022, Sanjiv Lamba will assume the role of Chief Executive Officer, succeeding Stephen F. Angel. This change marks a pivotal moment for the company, and investors should monitor the strategic direction under new leadership. The report also outlines the compensation package for Mr. Lamba, which includes a base salary of $1,300,000, a target variable compensation of 150% of base salary, and a target annual long-term equity incentive value of $9,750,000 for 2022. The equity incentives will be structured as stock options, performance share units, and restricted stock units. These details provide insight into the company's commitment to incentivizing its new CEO and aligning executive compensation with company performance.

Nov 18, 2021 8-K