Linde Q1 Adj EPS $3.95, Sales $8.11B; Estée Lauder Q3 Adj EPS $0.65, Revenue $3.55B, Lowers FY Net Sales and EPS Outlook

Linde plc reported its first-quarter fiscal 2025 earnings with an adjusted EPS of $3.95, slightly above the estimated $3.92, and sales of $8.11 billion, below the estimated $8.24 billion. The company projects second-quarter adjusted EPS between $3.95 and $4.05 and full-year adjusted EPS ranging from $16.20 to $16.50, compared to previous guidance of $16.15 to $16.55. Meanwhile, The Estée Lauder Companies Inc. reported its fiscal third-quarter 2025 results, surpassing expectations with an adjusted EPS of $0.65 versus the estimated $0.31 and revenue of $3.55 billion, slightly above the $3.52 billion estimate. Despite this, Estée Lauder lowered its full-year adjusted EPS guidance to a range of $1.33 to $1.58 from the prior $2.78 to $2.98. The company also revised its full-year net sales forecast downward to a decline of 8% to 9%, compared to the previous outlook of a 1% decline to 2% growth, with organic net sales expected to fall by 8% to 9%. Estée Lauder's gross margin improved to 75.0% from 71.9% year-over-year. Both companies provided updated outlooks reflecting cautious expectations for the remainder of the fiscal year.