Linde's third-quarter revenue rose 9.2% to $9.4 billion and adjusted EPS rose 9% to $4.59, beating LSEG consensus of $4.54 and setting quarterly records for sales, operating profit and earnings. Volume rose 2% and price/mix added 3%, while Electronics sales climbed 15% on AI infrastructure demand. Fourth-quarter guidance was slightly light and the shares fell more than 1% on the day; the author says profit-taking after the stock's recovery from a mid-September low could be another reason. The company booked a $425 million restructuring charge, about half for severance and the rest largely tied to Lincare, whose results will now sit in Other rather than the Americas. The author calls it an overall solid quarter, with a full-year outlook in line with expectations.
Summary written by Upside AI from the original article. Read the source for full details.
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