Tony Jones's questions to Linde PLC (LIN) leadership • Q3 2024
Question
Tony Jones asked if the new cost reduction program would lift 2025 EPS by 1-2% and whether this benefit is incremental to the typical growth from management actions.
Answer
CFO Matt White confirmed the program has a roughly one-year payback and its full run-rate savings will be realized in the second half of 2025, meaning most of the benefit will be seen next year. He clarified that this action is incremental and a key part of the overall 'management action' effort needed to offset the company's weaker macroeconomic outlook.