Linde plc (LIN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and good morning, everyone. The economic environment in 2025 was a study in contrast. On one hand, exuberant investment in AI and digital infrastructure drove unprecedented chemicals and energy faced continued retrenchment. This divergence was exemplified in both concentration of returns from the S&P 500 and in persistently weak manufacturing indicators. This created a challenging backdrop for many of our customers operating in these sectors. Despite these headwinds, Lindy employees once again rose to the challenge, delivering industry-leading results in areas that matter most to our owners. I've highlighted a few of these accomplishments on slide three. Running a global enterprise requires balancing the needs of many stakeholders. while delivering against both near and long-term expectations. The four areas you see on this slide, people and communities, environmental stewardship, financial performance, and future growth, represent that balanced approach and remain the foundation for Lindy's long-term value creation for our owners. Let me start with people and communities. Our employees are the backbone of Lindy's success. In 2025, we once again delivered best-in-class safety performance because nothing is more important than ensuring our employees and contractors return home safely every day. We also continue to build an inclusive culture across the footprint of more than 80 countries. Female representation reached nearly 30%, and we progressed multiple employee initiatives that earned third-party accolades as well. As a local business, we also strive to be a good neighbor. This year, our teams completed almost 900 projects across the world supporting health, education, and community well-being, many driven by committed Lindy volunteers who pitch in to lead and supp...