Industrial gas supplier Linde reports a $7.1 billion backlog driven by long-term customer contracts and 30% operating margins.
Linde (NASDAQ:LIN) has secured a $7.1 billion backlog through take-or-pay contracts, locking customers into multi-decade agreements. The company’s pipeline infrastructure and adjacent production plants ensure stable revenue streams.
The backlog reflects Linde’s structural durability, with 33 consecutive years of dividend growth averaging 13% annually. The company has also beaten earnings consensus for eight straight quarters, maintaining a 30% operating margin.
Linde’s low-beta profile (0.73) and recession-resistant model position it as a long-term holding for investors seeking reliable growth.