Latest news with #industrialgases
Reuters
a day ago
- Business
- Reuters
Air Liquide confirms guidance as energy transition, chip sector boost results
July 29 (Reuters) - French industrial gases group Air Liquide ( opens new tab confirmed its margin outlook until 2026 and posted half-year revenue in line with market expectations on Tuesday, reassuring investors after weaker results from other chemical sector players. "The group relies more than ever on diversified growth engines, particularly in the electronics and energy transition sectors," CEO François Jackow said in a statement. Half-year revenue rose 1.8% on a comparable basis to 13.72 billion euros ($15.89 billion), driven by 2.9% growth in the Americas and a 2.1% rise in Asia. That was supported by electronics, semiconductors, and a strong push for energy transition and decarbonisation especially in China, Air Liquide said. It has committed up to $200 million for upgrades in Louisiana and over $50 million to supply ultra-pure gases for the U.S. semiconductor industry, one of many non-U.S. companies to expand their output there amid President Donald Trump's trade war. A certain number of U.S. energy transition projects also continue to move forward in an "extremely solid way", Jackow said during a press call, despite Trump's adverse views on renewables. China, meanwhile, remains "extremely determined" in its decarbonisation trajectory, Jackow added. "We've captured a number of conversions of plants that used coal mainly as an energy source, converted to renewable electricity." Air Liquide, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, said its operating profit margin rose by 100 basis points (bps) to 19.9% in the first half of 2025. It expects to further raise its margin and deliver recurring net profit growth at constant exchange rates this year. It is aiming to improve the operating margin by 200 bps over the two years to the end of 2026. "Overall, this should be a reassuring print in the context of very weak prints elsewhere in the sector," J.P. Morgan analysts said in a note. Air Liquide's shares were up 2.5% as of 0948 GMT. ($1 = 0.8635 euros)
Reuters
a day ago
- Business
- Reuters
Air Liquide's half-year results meet estimates, confirms margin guidance
July 29 (Reuters) - French industrial gases group Air Liquide ( opens new tab confirmed its margin outlook until 2026 and reported half-year revenue in line with market expectations on Tuesday, citing a favourable energy impact that was mitigated by negative currency effects. "In a market environment that remains uncertain, the Group relies more than ever on diversified growth engines, particularly in the electronics and energy transition sectors," CEO François Jackow said in a statement. The company, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, said its revenue rose 1.8% on a comparable basis to 13.72 billion euros ($15.89 billion) in the January-June period. Its half-year operating margin rose by 100 basis points (bps), or 1 percentage point, to 19.9% on a reported basis that excluded the energy impact. Analysts polled by Vara Research were expecting a revenue of 13.73 billion euros and an operating margin of 20.2% on average. Air Liquide said it expected to further raise its operating margin and deliver recurring net profit growth at constant exchange rates in 2025, as it aims to improve the operating margin by 200 bps over the two years to the end of 2026. ($1 = 0.8635 euros)
Reuters
a day ago
- Business
- Reuters
Air Liquide posts H1 revenue in line with expectations
July 29 (Reuters) - French industrial gases group Air Liquide ( opens new tab reported a half-year revenue in line with market expectations on Tuesday, citing a favourable energy impact that was mitigated by negative currency effects. The company, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, said its revenue rose 1.8% on a comparable basis to 13.72 billion euros ($15.89 billion) in the January-June period. Analysts polled by Vara Research were expecting a revenue of 13.73 billion euros on average. ($1 = 0.8635 euros)
Yahoo
4 days ago
- Business
- Yahoo
Is Linde (LIN) a Safe Bet for Dividend Investors Seeking Industrial Exposure?
Linde plc (NASDAQ:LIN) is included among the Top 10 Safest Dividend Stocks in the UK. A scientist in a lab coat inspecting a cylinder filled with industrial gas. Linde plc (NASDAQ:LIN) has created a range of technologies aimed at efficiently compressing and safely refueling hydrogen, along with solutions that help reduce the carbon footprint of hydrogen through carbon capture and storage methods. In June 2025, Linde plc (NASDAQ:LIN) entered into a long-term deal to provide industrial gases to a low-carbon ammonia plant in Louisiana. The upcoming $400 million on-site facility will enhance Linde's existing hydrogen and syngas network in the area. In the first quarter of 2025, Linde plc (NASDAQ:LIN) reported revenue of $8.1 billion, up 1% from the same period last year. The company generated $2.2 billion in operating cash flow, marking an 11% increase compared to the previous year. After accounting for $1.27 billion in capital expenditures, its free cash flow stood at $891 million. Over the course of the quarter, it returned $1.808 billion to shareholders through dividends and share buybacks, after offsetting any new stock issuances. Linde plc (NASDAQ:LIN) currently offers a quarterly dividend of $1.50 per share, having raised it by 8% in February this year. Through this increase, the company stretched its dividend growth streak to 32 years, which makes it one of the best FTSE dividend stocks. LIN offers a dividend yield of 1.27%, as of July 25. While we acknowledge the potential of LIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Globe and Mail
21-07-2025
- Business
- Globe and Mail
Linde Announces Major U.S. Investments to Support Commercial Space Sector
Linde (Nasdaq: LIN) today announced ambitious new investments to fuel the next frontier of space exploration. With two new long-term agreements to supply bulk industrial gases for rocket launches, Linde is strengthening its leadership in the rapidly expanding U.S. space industry. As part of these agreements, Linde will significantly expand its industrial gases facility in Mims, Florida. This site will provide critical liquid oxygen and nitrogen to support rocket launches at nearby space facilities. The additional capacity is expected to start up in the first quarter of 2027, marking the latest phase in Linde's growth at Mims, following expansions in 2020 and 2024 driven by robust demand for industrial gases in the region. Further amplifying its leading role in the U.S. space sector, Linde will build, own and operate a new air separation unit (ASU) in Brownsville, Texas, under a separate agreement. Expected to start up in the first quarter of 2026, this new facility will deliver liquid oxygen, nitrogen and argon, addressing the needs of its customer's space operations in the region. Beyond supporting space exploration, the Brownsville ASU will enhance Linde's extensive network of industrial gas infrastructure and expand merchant capacity across Texas. From providing liquid oxygen to the Apollo program in the 1960s to its indispensable role in modern satellite propulsion systems using rare gases, spacecraft component testing and even 3D printing of engine components, Linde has been at the heart of space exploration for more than 60 years. In 2024 alone, Linde powered over 100 successful rocket launches, ensuring the reliability of critical systems and components every step of the way. "Space exploration is advancing rapidly, with missions growing in ambition and scale," said Sanjiv Lamba, Chief Executive Officer, Linde. "Linde is proud to support this growing sector with innovative and efficient technologies and solutions. As demand increases, we will continue investing alongside our customers and expanding our strong presence both in the southern United States and globally." About Linde Linde is a leading global industrial gases and engineering company with 2024 sales of $33 billion. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet. The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.
