Linde CEO Steve Angel said the company has delivered another “stellar” quarter, as the industrial gas giant today (28th Oct) reported its quarter three (Q3) 2021 results which saw the company grow its EPS 42% and operating cash flow 36%.
For the quarter, Linde reported income from continuing operations of $978m and diluted earnings per share of $1.88. Sales for the quarter totalled $7.7bn, up 12% versus the prior year.
Excluding Linde AG purchase accounting impacts and other charges, adjusted income from continuing operations was $1.4bn, up 25% versus prior year and flat sequentially.
Q3 operating profit was $1.2bn. Adjusted operating profit of $1.8bn was up 19% versus prior year led by higher price, strong volumes and continued productivity initiatives across all segments.
Operating cash flow for Q3 totalled $2.5bn, an increase of 36% versus the prior year.
Steve Angel, CEO of Linde, said, “Linde employees delivered another stellar quarter achieving record EPS, operating cash flow and return on capital. We maintained our industry leading performance and significantly expanded our project backlog.”
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