Linde plc Ordinary Shares

Linde produces and sells industrial gases like oxygen, nitrogen, argon, hydrogen, and carbon dioxide to factories, hospitals, and other businesses globally. They also design and build turnkey gas plants for customers. Most revenue comes from long-term contracts where customers pay regardless of actual usage, similar to utility companies.

Linde is a global industrial gas company that supplies oxygen, nitrogen, hydrogen, and other gases to factories, hospitals, and manufacturers worldwide [Yahoo Finance]. The company operates through long-term contracts that lock in stable, utility-like revenue streams, making it less vulnerable to economic cycles than typical industrial businesses [Yahoo Finance]. With $236.2B market cap and operations across the US, Europe, and Asia, Linde serves healthcare, chemicals, electronics, and manufacturing sectors [Yahoo Finance].

Financially healthy with strong margins and moderate leverage