LIN · Earnings call · 2026Q3T · Full report
Order Backlog and Book-to-Bill
LINDE PLC · 2026-10-29 · Importance 44 · Surprise 24 · In source text
Linde’s sale-of-gas project backlog was close to $8 billion, and management retained an internal year-end target with an $8 billion handle. The company expected to start up projects totaling around $1 billion during the rest of the quarter, with the final year-end backlog dependent partly on customer timing. Sale-of-plant backlog was just under $3 billion and included a space component; management expected it to continue growing through 2027. Approximately $2 billion of electronics projects were under construction in the U.S., Korea, and China, supporting expected double-digit electronics growth.
Key facts
- LINDE PLC’s sale-of-gas backlog was close to $8 billion at the time of the call; management expected project start-ups of around $1 billion during the rest of Q3 and remained confident backlog would be near $8 billion at year-end, with the internal target an 8 handle.
- LINDE PLC’s sale-of-gas project backlog was $8 billion and was expected to provide future growth and increase supply density across core geographies.
- LINDE PLC’s sale-of-plant backlog was just under $3 billion and included some space component; management expected it to continue growing over the following year.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | LINDE PLC’s sale-of-gas backlog was close to $8 billion at the time of the call; management expected project start-ups of around $1… |
| revenue | positive | probable | — | LINDE PLC’s sale-of-plant backlog was just under $3 billion and included some space component; management expected it to continue growing… |