Linde faces risks from fluctuating interest rates, foreign currency exchange rates, energy and commodity costs. Lawsuits and government investigations, including environmental, tax, and antitrust claims, pose potential losses exceeding accrued liabilities. The company's Russian operations are suspended due to sanctions, with ongoing legal battles and potential damages. The final outcomes of these legal matters are uncertain and could significantly impact future earnings.
Financial Upside
Linde's sales increased 2% in Q3 2024 and 1% in the first nine months of 2024, driven by higher pricing. Operating profit increased 2% in Q3 and 6% in the first nine months of 2024. Adjusted operating profit and EBITDA increased by 7% in Q3 and 7% in the first nine months of 2024. The company has a $5 billion and a $1.5 billion undrawn revolving credit agreement. Significant sales backlog of $7.0 billion exists for large projects under construction.
