Industrial gases major Linde shrugged off a “stagnant” period of industrial activity to post a 24% rise in third quarter net income to $1.9bn, up $379m year-on-year.
Quarterly operating profit totalled $2.4bn on the back of strong sales of $8.6bn.
CEO Sanjiv Lamba said while Linde remains guarded on any near-term industrial recovery, he was confident its “time-tested capital allocation policy and disciplined investment approach will continue to value.”
Americas sales of $3.8bn were up 6% on 2024, leading to an operating profit of $1.2bn, while APAC sales of $1.7bn were up 1% on last year.
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