New York, January 31, 2026, 16:09 EST — Market closed
Linde plc stock (LIN.O) ended Friday at $456.97, rising 0.43%. U.S. markets remained closed on Saturday.
The industrial gases and engineering giant, which posted $33 billion in sales for 2024, is set to release its fourth-quarter 2025 results on Thursday, Feb. 5, before the U.S. market opens. A conference call will follow at 9 a.m. EST, the company announced. This report serves as a key update for investors tracking demand and pricing trends across sectors from chemicals to electronics and healthcare.
A leadership change is scheduled for this weekend. CEO Sanjiv Lamba will step into the chairman role on Jan. 31, coinciding with Stephen F. Angel’s retirement from the board, according to a securities filing. Robert Wood will continue as lead independent director.
Wall Street’s key indexes closed down Friday amid investor reactions to President Donald Trump’s nomination of former Federal Reserve Governor Kevin Warsh to replace Fed Chair Jerome Powell, alongside fresh inflation data. “Markets are calibrating to Trump’s pick of Kevin Warsh … and the outlook for monetary policy,” Michael Hans, chief investment officer at Citizens Wealth, told Reuters. Reuters
The Producer Price Index (PPI), which tracks prices received by producers, climbed 0.5% in December, surpassing expectations of just 0.2%, Reuters reported. Carl Weinberg, chief economist at High Frequency Economics, said, “This report validates the pivot of the Fed away from labor market risks back toward price stability.” Reuters
Air Products and Chemicals (APD.N) caught attention in the sector by beating fiscal first-quarter adjusted earnings per share estimates — a key profit metric that leaves out certain items. “We had strong results from the base business,” CEO Eduardo Menezes told Investing.com. Investing.com
Investors can look to a recent benchmark from Linde. In October, the company projected fourth-quarter adjusted EPS of $4.10 to $4.20, trailing the $4.23 consensus forecast then, Reuters reported. The miss followed weaker volumes across its Europe, Middle East and Africa segment.
Linde’s report will be closely watched for signs that pricing continues to offset cost pressures and for management’s take on volumes, particularly in Europe. Investors will also be tuned in for the 2026 outlook and any shifts in the company’s stance on capital returns.
But the setup works both ways. Should inflation remain stubborn and rates hold at elevated levels, investors usually grow less patient with richly priced defensives, even the reliable performers. A new slip in European industrial demand would only intensify that strain.
Aside from earnings, Linde is set to appear at investor conferences later this month. The company will attend the Citi industrial-tech conference on Feb. 17 and Barclays’ industrial conference the following day, Feb. 18, per its events calendar.
The key event remains Thursday. Linde plans to report earnings by 6 a.m. EST on Feb. 5, followed by a webcasted Q&A session at 9 a.m. EST.
