By Kim Richters

 

Linde PLC on Thursday reported a rise in first-quarter profit and sales.

The industrial gases and engineering company earned a quarterly net profit of $573 million, or $1.07 a share, compared with $517 million, or $0.94, for the same period last year.

Adjusted earnings from continuing operations were $1.89 a share compared with $1.69 last year and analysts' expectations for $1.86, according to an estimate provided by FactSet.

Sales fell slightly to $6.74 billion from $6.94 billion.

"While it is very difficult to predict the future impact, I have full confidence in our ability to continue to create shareholder value given our resilient business model and inherent opportunities to mitigate macroeconomic headwinds," Chief Executive Steve Angel said.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

May 07, 2020 06:44 ET (10:44 GMT)

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