Sign in

    Linde PLC (LIN)

    You might also like

    Linde plc is a leading global industrial gases and engineering company, primarily engaged in the production and distribution of atmospheric gases such as oxygen, nitrogen, argon, and rare gases, as well as process gases including carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene . The company's operations are divided into two major product lines: industrial gases and engineering, with the industrial gases segment managed on a geographic basis across the Americas, EMEA (Europe, Middle East, and Africa), and APAC (Asia/South Pacific) regions, while the engineering segment operates globally . In 2023, approximately 90% of Linde's consolidated sales were generated from industrial gases, with the remaining 10% coming from the engineering segment and other activities .

    1. Industrial Gases - Produces and distributes atmospheric and process gases, managed geographically across the Americas, EMEA, and APAC regions.
    2. Engineering - Designs and constructs plants for air separation, hydrogen production, and other industrial gas applications, operating on a global scale.
    3. Advanced Material Technologies - Includes sputtering targets and coatings, contributing to the company's diverse product offerings.
    NamePositionStart DateShort Bio
    Sanjiv LambaChief Executive OfficerMarch 1, 2022Sanjiv Lamba became the Chief Executive Officer of Linde plc on March 1, 2022. He previously served as COO and Executive Vice President for the APAC region. He began his career with BOC in India in 1989 .
    Guillermo BicharaExecutive Vice President & Chief Legal Officer2006Guillermo Bichara joined Linde in 2006 as Director of Legal Affairs at Praxair Mexico. He was later promoted to Vice President and General Counsel of Praxair Asia .
    Sean DurbinExecutive Vice President, North AmericaSeptember 1, 2023Sean Durbin became Executive Vice President, North America at Linde effective September 1, 2023. He previously served as Executive Vice President, EMEA and joined Praxair, Inc. in 1993 .
    Kelcey E. HoytChief Accounting OfficerOctober 2018Kelcey E. Hoyt became the Chief Accounting Officer of Linde in October 2018. She joined Praxair in 2002 and held various positions, including Vice President and Controller .
    Juergen NowickiExecutive Vice President and CEO, Linde EngineeringApril 2020Juergen Nowicki was appointed as Executive Vice President and CEO of Linde Engineering in April 2020. He joined Linde in 1991 and has held various positions in Finance and Controlling .
    John PanikarExecutive Vice President, APACJanuary 2021John Panikar was appointed as Executive Vice President, APAC of Linde effective in January 2021. He previously served as President UK & Africa of Linde .
    Oliver PfannSenior Vice President, EMEASeptember 1, 2023Oliver Pfann was appointed as Senior Vice President, EMEA at Linde effective September 1, 2023. He has been with Linde since 1995, starting in Product Development .
    David P. StraussExecutive Vice President and Chief Human Resources Officer2022David P. Strauss has been serving as the Executive Vice President and Chief Human Resources Officer at Linde since 2022. He joined Linde in 1990 and has held various positions .
    Matthew J. WhiteExecutive Vice President and Chief Financial OfficerOctober 2018Matthew J. White became the Executive Vice President and Chief Financial Officer of Linde in October 2018. He previously served as the Senior Vice President and CFO of Praxair, Inc. .
    Binod PatwariSenior Vice President-APACNovember 1, 2024Binod Patwari currently serves as the Senior Vice President-APAC at Linde, effective November 1, 2024. He was previously the Managing Director of Linde’s South Pacific Region .
    1. Given the ongoing economic weakness in regions like Europe and China, and the decline in industrial-related end markets by 1% to 2% sequentially, what specific measures are you taking to mitigate these challenges and maintain growth in these markets?

    2. With the targeted cost reductions affecting approximately 2% of your global workforce, how do you anticipate this will impact your operational efficiency and ability to serve customers, especially in areas where you're seeing growth like North America and India?

    3. Considering the significant investment of over $2 billion in the Dow Chemical project expected to start up in late 2028, what are the key risks associated with this long-term project, and how confident are you in achieving the expected returns given potential economic uncertainties?

    4. Despite not having heard from any major customers in Europe about shutdowns, how are you preparing for potential future closures or restructuring in the European industry that could impact your contracts and supply agreements?

    5. With mid-single-digit declines in hard goods sales reflecting industrial weakness, particularly in the U.S., what strategies are you implementing to address this trend and bolster demand in your hard goods and related businesses?

    Program DetailsProgram 1
    Approval DateOctober 23, 2023
    End Date/DurationUntil maximum authority is reached or board terminates
    Total additional amount$15.0 billion
    Remaining authorization$13.3 billion (as of September 30, 2024)
    DetailsOptimize excess free cash flow, leverage robust balance sheet, return capital to shareholders
    YearAmount Due (Millions)Debt TypeInterest Rate (%)% of Total Debt
    2024300 4.800% Notes4.800 1.3% = (300 / 22,262) * 100
    2025599 4.700% Notes4.700 2.7% = (599 / 22,262) * 100
    2025400 2.65% Notes2.650 1.8% = (400 / 22,262) * 100
    2025556 1.625% Euro Notes1.625 2.5% = (556 / 22,262) * 100
    2025556 3.625% Euro Notes3.625 2.5% = (556 / 22,262) * 100
    2026781 0.00% Euro Notes0.000 3.5% = (781 / 22,262) * 100
    2026725 3.20% Notes3.200 3.3% = (725 / 22,262) * 100
    2026199 3.434% Notes3.434 0.9% = (199 / 22,262) * 100
    202790 1.652% Euro Notes1.652 0.4% = (90 / 22,262) * 100
    2027834 0.25% Euro Notes0.250 3.7% = (834 / 22,262) * 100
    2027558 1.00% Euro Notes1.000 2.5% = (558 / 22,262) * 100
    2028796 1.00% Euro Notes1.000 3.6% = (796 / 22,262) * 100
    2028776 3.00% Euro Notes3.000 3.5% = (776 / 22,262) * 100
    2029832 3.375% Euro Notes3.375 3.7% = (832 / 22,262) * 100
    2030697 1.10% Notes1.100 3.1% = (697 / 22,262) * 100
    2030115 1.90% Euro Notes1.900 0.5% = (115 / 22,262) * 100
    2030830 3.375% Euro Notes3.375 3.7% = (830 / 22,262) * 100
    2031837 1.375% Euro Notes1.375 3.8% = (837 / 22,262) * 100
    2031944 3.20% Euro Notes3.200 4.2% = (944 / 22,262) * 100
    2032831 0.55% Euro Notes0.550 3.7% = (831 / 22,262) * 100
    2033551 0.375% Euro Notes0.375 2.5% = (551 / 22,262) * 100
    2034720 3.625% Euro Notes3.625 3.2% = (720 / 22,262) * 100
    2034827 3.500% Euro Notes3.500 3.7% = (827 / 22,262) * 100
    2035885 1.625% Euro Notes1.625 4.0% = (885 / 22,262) * 100
    2036773 3.40% Euro Notes3.400 3.5% = (773 / 22,262) * 100
    2042666 3.55% Notes3.550 3.0% = (666 / 22,262) * 100
    2044764 3.75% Euro Notes3.750 3.4% = (764 / 22,262) * 100
    2050297 2.00% Notes2.000 1.3% = (297 / 22,262) * 100
    2051762 1.00% Euro Notes1.000 3.4% = (762 / 22,262) * 100

    Competitors mentioned in the company's latest 10K filing.

    • L’Air Liquide S.A. - Global competitor in the industrial gases industry .
    • Air Products and Chemicals, Inc. - Global competitor in the industrial gases industry .
    • Messer Group GmbH - Global competitor in the industrial gases industry .
    • Mitsubishi Chemical Holdings Corporation (through Taiyo Nippon Sanso Corporation) - Global competitor in the industrial gases industry .
    NameStart DateEnd DateReason for Change
    PricewaterhouseCoopers LLP1992 PresentCurrent auditor

    Recent developments and announcements about LIN.

    Financial Actions

      Debt Issuance

      ·
      Dec 4, 2024, 9:43 PM

      The document indicates that LIN has created a direct financial obligation or entered into an off-balance sheet arrangement. This is referenced under the section titled "Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant" . However, the document does not provide specific details about the nature of the obligation or its potential effects on the company's balance sheet and financial health. For a comprehensive understanding, it would be necessary to refer to the section "Item 1.01. Entry into a Material Definitive Agreement," which is incorporated by reference but not included in the provided text.

    Corporate Leadership

      Leadership Change

      ·
      Nov 4, 2024, 12:00 AM

      John Panikar is leaving his position as Executive Vice President-APAC at Linde, effective November 1, 2024, as he plans to retire on March 31, 2025, after 33 years with the company. Binod Patwari will step up as the new Senior Vice President-APAC, taking over Mr. Panikar's responsibilities for the APAC region .