Earnings
Home›Earnings›Results›Linde posts record Q2 sales and a $8.1 billion backlog
Linde posts record Q2 sales and a $8.1 billion backlog
The gas supplier reported sales of $9.29 billion, up 9.3% year over year, while margin pressure from its Lincare unit weighed on the stock despite strong analyst ratings.
Linde reported record second-quarter sales of $9.29 billion, up 9.3% year over year, and said its backlog reached $8.1 billion, citing semiconductor demand as a key driver, according to MarketBeat Ratings.
The outlet also noted that Linde’s underlying sales rose 4%, supported by 2% higher prices and 2% higher volumes, and that the company beat analysts’ expectations for revenue.
Despite the strong top line and a growth backdrop tied to artificial intelligence buildouts, MarketBeat Ratings said margin pressure from Lincare sent shares lower.
MarketBeat Ratings added that analysts still maintain Buy recommendations for Linde even as investors focus on the profitability pressure from the Lincare business.