Linde CEO Steve Angel has a confident business outlook despite an uncertain environment as the industrial gas giant publishes its third quarter (Q3) results today (5th Nov).
“Linde employees once again delivered a strong quarter with operating profit margins expanding 230 basis points and EPS growing 11%, reaching a record of $2.15,” Angel said.
“This high level of profitability combined with disciplined capital management resulted in further expansion of our ROC to approximately 13%.”
Angel added, “Looking ahead, there is significant uncertainty in the environment, but regardless of the underlying economy, I have confidence in our business model and high-performance culture to continue growing earnings and cash flow for years to come.”
Linde reported Q3 2020 income from continuing operations of $699m and diluted earnings per share of $1.32. Excluding Linde AG purchase accounting impacts and other charges, adjusted income from continuing operations was $1.14bn, up 8% versus prior year and 13% sequentially.
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