Linde reports Q3 adjusted EPS $3.94, consensus $3.89

Reports Q3 revenue $8.4B, consensus $8.35B. Commenting on the financial results and business outlook, CEO Sanjiv Lamba said, “As anticipated, weak economic trends persisted through the third quarter, most notably in the industrial end markets. However, Linde (LIN) employees once again delivered high-quality results by growing EPS 9%, increasing ROC to 25.8% and expanding operating margins by 130 basis points to 29.6%. In addition to managing near term performance, the company signed its largest ever sale-of-gas project which expands the project backlog to $10 billion and secures future growth in the traditional industrial gas model – all while meeting our disciplined investment criteria.”