CLAIM #36383 · Linde plc Ordinary Shares (LIN) · 2025Q4 earnings call · Feb 5, 2026 · due Feb 5, 2027
“So, again, a recovery on that will take a little longer.”
Sanjiv Lamba · CEO
How to check this claim
Look at: ASEAN manufacturing-related revenue or volume growth trend (as discussed in management commentary)
It came true if: ASEAN growth remains flat-to-declining, i.e., does not return to the moderate growth rates seen prior to the China-linked slowdown, within the one-to-two-year window
Where: management commentary on quarterly earnings calls regarding ASEAN/manufacturing segment performance
In context
“market there. And then, you know, India I kind of briefly talked about providing a bit of tailwind on the manufacturing side, particularly again, the expectation with the three-deal agreement and the tariff issues getting resolved. We'll see further improvements there. So I'm not sure that's entirely factored into the one to two-year outlook that you're looking at. Where I think there is probably a degree of disappointment is ASEAN. If you recall, ASEAN used to have a reasonably strong growth but not as strong as China and India, but nonetheless, in the middle part. And we haven't seen that. They've largely been stable but flattish at best. And I think unfortunately, the ASEAN futures are inextricably linked to what happened to China, and the weakness in China has permeated there as well. So, again, a recovery on that will take a little longer. So, you know, your view on a slightly softer outlook there would be absolutely right. But that's kind of where manufacturing kind of adds up. Matt, you wanna cover the other piece? Matthew White: Sure. And, Matt, I think two questions. Right? One on M&A timing and one on other segment. So we start with M&A timing. I would say that for an average M&A deal, generally, we tend to see full run rate synergies within twelve to twenty-four months on full run rate. You think about synergies, it can come down to a few things. You know, clearly, headcount is one. And that tends to be the fastest. That you can recognize, I would say, you know, sometimes between zero and six months. You're also gonna have any type of real estate or site consolidation. And you're also gonna have supply since a lot of”
Verify independently
SEC filings for LIN ↗ · Claim quote is verbatim from the 2025Q4 earnings call.