LIN - Specialty Chemicals Major Linde Shares Are Surging Today: What's Going On? | Benzinga
Linde PLC (NASDAQ:LIN) shares are surging today after the company reported fourth-quarter FY23 results.
Sales rose 5% Y/Y to $8.30 billion, underlying sales up 4% Y/Y, beating the consensus of $8.08 billion.
Americas sales rose 5% Y/Y to $3.58 billion, APAC (Asia Pacific) sales increased 5% Y/Y to $1.64 billion and EMEA (Europe, Middle East & Africa) sales was up 4% Y/Y to $2.1 billion in the quarter.
Adjusted operating profit increased 14% Y/Y to $2.3 billion, with margin expanding 210 basis points Y/Y to 27.4%, led by increased price and continued productivity initiatives across all ...