Linde plc (LIN) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

a question and answer session. I would now like to hand the conference over to Mr. Juan Pelayas, Head of Investor Relations. Please go ahead, sir. Juan Pelayas, Head of Investor Relations. Abby, thank you. Hello, everyone, and thanks for attending our 2025 Third Quarter Earnings Call and Webcast. I'm Juan Pelayas, Head of Investor Relations, and I'm joined this morning by Sanjeev Lamba, Chief Executive Officer, and Matt White, Chief Financial Officer. Today's presentation materials are available on our website at lindy.com in the investor section. Please read the forward-looking statement disclosure on page two of the slides and note that it applies to all statements made during the teleconference. The reconciliations of the adjusted numbers are in the appendix to this presentation. Sanjeev will provide some opening remarks and then Matt will give an update on Lindy's third quarter financial performance and outlook, after which we will wrap up with Q&A. Let me now turn the call over to Sanjeev. Thanks, Juan, and good morning, everyone. Once again, the third quarter has proven the strength and resilience of our model. EPS of $4.21 grew 7%. Operating cash flow grew 8%, and we generated $1.7 billion of free cash flow. The backlog remains at 10 billion, contractually securing long-term EPS growth while increasing our network density. Despite the challenging macroeconomic environment, Lindy employees continue to generate shareholder value while maintaining industry-leading results across key metrics that matter most to our investors. This culture of ownership, deeply ingrained throughout our organization, is a foundation of our performance culture. And it serves us well in both good times and bad. Given the current economic uncertainty, I thought it would be helpful to pr...