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Linde raises full-year EPS guidance for the third time

November 18/2019

MOSCOW (MRC) -- Linde plc, the worlds largest supplier of industrial gases raised its annual earnings per share (EPS) growth forecast for the third time this year to 17-18%, as per Hydrocarbonprocessing.

The supplier of gases such as oxygen, nitrogen and hydrogen to factories and hospitals expects adjusted pro forma EPS growth of between USD7.25 and USD7.30, up from previous guidance of USD6.95 to USD7.18.

Analysts expect growth of nearly 15% or USD7.12, I/B/E/S Refinitiv data shows.

Lindes third-quarter adjusted pro forma EPS of USD1.94 beat expectations while sales of USD7.00 billion were slightly below expectations of USD7.12 billion.

As MRC wrote previously, German chemical company BASF and The Linde Groups Engineering Division are collaborating to serve natural gas processing applications using BASFs absorbent technology and Lindes adsorption and membrane technology. With the combined capabilities of materials expertise from BASF and engineering expertise from Linde, the two companies are well positioned to expand their global leadership position in natural gas applications. The collaboration is a strong signal to the natural gas industry and will open access to previously inaccessible gas compositions for treatment.
Author:Margaret Volkova
Tags:Europe, gas processing, petrochemistry, BASF, Linde Group, Germany.
Category:General News
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