New York, January 11, 2026, 15:57 EST — Market closed.
- Linde scheduled its fourth-quarter 2025 results for Feb. 5, with a conference call at 9 a.m.
- Shares climbed roughly 1% on Friday, with U.S. industrials spearheading a late-week rally
- CPI on Tuesday presents the next immediate macro hurdle for both rates and the dollar
Linde plc announced Friday it will report its fourth-quarter 2025 results on Feb. 5, ahead of the U.S. market open, followed by a conference call later that morning. The industrial gases and engineering firm confirmed the webcast will be accessible in listen-only mode to the public and media. It also disclosed 2024 sales of $33 billion.
Linde stock ended Friday 1% higher, closing at $444.08. The Industrial Select Sector SPDR Fund rose 1.1%, and competitor Air Products climbed roughly 1%, as the SPDR S&P 500 ETF gained 0.6%.
Markets are closed Sunday, but the timing is key. The Feb. 5 call marks management’s first clear chance to adjust expectations for 2026 demand and pricing. Investors spent late 2025 grappling with mixed signals from the industrial cycle.
Part of the attention centers on a straightforward question: Are manufacturing and metals customers ramping up activity? Another key point is whether pricing still covers power and feedstock costs while preserving margin. Traders also focus heavily on signed project work — long-term supply agreements that take time to develop and begin delivering results.
In its latest quarterly update, an SEC filing from October revealed Linde’s forecast for fourth-quarter adjusted earnings per share between $4.10 and $4.20. CEO Sanjiv Lamba described the outlook as “guarded on any near-term industrial recovery.” The filing also highlighted a $7.1 billion backlog in contractual gas sales projects, alongside a $2.9 billion backlog for Linde Engineering equipment. Adjusted EPS here refers to a non-GAAP measure, excluding items the company deems unrepresentative of core operations. SEC
Another date to watch: chairman Stephen Angel will retire from Linde’s board effective Jan. 31, according to a separate SEC filing. That’s when Lamba is expected to step into the chair role.
That calendar update isn’t the same as guidance. If volumes dip, energy prices shift, or management grows wary about 2026 growth, Linde’s stock could react sharply—even without a clear beat or miss in the headlines.
Before Linde’s earnings hit, attention turns to the broader macro picture. The U.S. consumer price index for December 2025 drops Tuesday at 8:30 a.m. ET, followed by producer price data on Wednesday, according to the Labor Department’s schedule.
Traders will be watching Monday to see if the industrials’ bounce from Friday sticks, as focus turns to inflation and interest rates. Linde’s shares usually move with the broader market on slow days, then adjust sharply when new guidance emerges.
Linde will release its results by 6 a.m. EST on Feb. 5, followed by a conference call at 9 a.m.
