Loading...
•
Jun 30
Linde Q2 2025 Earnings Report
Linde reported solid second-quarter results with strong margins and positive cash flow generation.
Key Takeaways
Linde delivered a robust Q2 2025 performance with increased revenue and net income. Operating margin remained high at 30.1%, and operating cash flow reached $2.2 billion, supported by pricing power and productivity gains.
Revenue grew to $8.495 billion in Q2 2025.
Diluted EPS reached $4.09, with adjusted EPS matching reported EPS.
Net income was $1.937 billion, up from $1.859 billion a year ago.
Operating margin rose to 30.1%.
Linde
Linde
Linde Revenue by Segment
Linde Revenue by Geographic Location
Revenue by Segment
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.comLinde Engineering Revenue
CapyFin.comGlobal Other Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com Forward Guidance
Linde raised the low end of its full-year EPS guidance for 2025, reflecting confidence despite a stagnant macroeconomic environment.
Positive Outlook
- Full-year adjusted EPS guidance raised to $16.30–$16.50.
- Q3 adjusted EPS expected to be $4.10–$4.20.
- Currency expected to provide 1% tailwind YoY.
- Continued execution despite macro challenges.
- Strong backlog and secured growth pipeline.
Challenges Ahead
- Assumes potential economic contraction at top-end guidance.
- Weak volumes in Manufacturing and Metals & Mining in EMEA.
- Pressure from lower Engineering profit sequentially.
- Global Helium business impacted margins.
- FX volatility still a concern in LATAM and EMEA.