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7/30, 11:15 AM (Source: TeleTrader)
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Linde-2.30%

302.21
Chart for: Linde PLC

Linde reports Q2 sales of $7.6 billion, up 19% YoY

Linde plc revealed on Friday that its sales in the second quarter of fiscal 2021 reached $7.6 billion, 19% higher compared to the same period in 2020.

Operating profit surged 93% year on year to $1.14 billion, while income from continuing operations jumped 83% to $840 million. Diluted earnings per share (EPS) from continuing operations were up 84% on an annual basis, hitting $1.60 in the second trimester of 2021.

"Linde employees delivered another quarter of record breaking financial results with operating profit margins expanding 350 basis points, ROC [return on capital] improving to 15.7% and [adjusted] EPS growing 42%, reaching an all-time high of $2.70... Looking ahead, I'm confident the company will deliver another outstanding year," CEO Steve Angel noted in a statement.

Company shares were 0.60% up in premarket trade in the United States after the report was released, selling for $301.24 at 5:33 am ET.

Breaking the News / MS