Linde Reports 2Q Profit Climbed on Higher Sales
August 05 2019 - 6:54AM
Dow Jones News
By Kimberly Chin
Linde PLC (LIN) said profit jumped 21% in the second quarter as
sales more than doubled.
The industrial gases and engineering company reported net income
of $522 million, up from $480 million in the comparable quarter a
year earlier. On a per-share basis, earnings were 96 cents a share,
down from $1.65 a share a year earlier.
On an adjusted pro-forma basis, earnings were $1.83 a share,
compared with $1.63 a share a year ago. Analysts surveyed by
FactSet expected earnings of $1.74 a share.
Revenue more than doubled from a year ago to $7.2 billion.
Analysts were expecting $7.05 billion.
Praxair Inc. and Linde AG completed their merger to become Linde
PLC at the end of last year.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
August 05, 2019 06:39 ET (10:39 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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