
LIN · Nasdaq
Linde sells industrial gases and provides engineering services. Its industrial-gases business supplies products such as ultra-high-purity gases to customers including semiconductor and electronics manufacturers, with revenue supported by volume, pricing, contracts, and project investment. Its engineering activities provide related plant and project capabilities, although the supplied evidence does not quantify the contribution of either segment. Linde operates at substantial scale: FY2025 revenue was $34.0 billion and net income was $6.9 billion, compared with $33.0 billion of revenue and $6.6 billion of net income in FY2024. The company’s current growth exposure includes electronics demand and long-term sale-of-gas projects.
Linde fell $26.54, or 5.19%, from $511.18 to $484.64 over the period, with the decline concentrated on Friday, when shares dropped $30.26 to $478.38 on volume of 5.22 million. The selloff coincided with Linde’s release of second-quarter results, which nevertheless showed record sales, an adjusted EPS beat, and a record $8.1 billion sale-of-gas project backlog. The company also announced a long-term ultra-high-purity-gas contract with a major semiconductor manufacturer and plans to invest $1 billion in an Arizona facility expansion. Shares stabilized afterward, rising 0.4% on Monday and 0.9% on Tuesday, but those gains recovered only a small portion of Friday’s loss. The supplied evidence does not identify a negative company-specific catalyst explaining the market reaction.