By Pierre Bertrand


Linde PLC on Thursday raised its full-year adjusted diluted earnings-per-share guidance as third-quarter profit and sales increased.

The industrial gases company said it is now forecasting adjusted diluted earnings per share to be in the range of $11.93 and $12.03, up 12% to 13% versus the prior-year period.

It also raised its fourth-quarter expectations for that same metric, increasing it to between $2.80 and $2.90, up 1% to 5% versus the prior-year quarter, Linde said.

Net profit for the three month-period ended Sept. 30 increased to $1.27 billion up from $978 million it reported in the prior-year period, on revenue that grew 15% to $8.80 billion.

Analysts has expected $8.33 billion in third-quarter sales, according to estimates compiled on Factset.

The company saw growth in all end markets except for healthcare, Linde said, adding that earnings were driven by higher prices, volumes and productivity.

Linde said its revised guidance assumes currency headwinds of 2% quarter on quarter and 8% for the year.


Write to Pierre Bertrand at pierre.bertrand@wsj.com


(END) Dow Jones Newswires

10-27-22 0721ET