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Linde (LIN) Signs Deal to Acquire Remaining Stake in nexAir
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Linde plc (LIN - Free Report) reached an agreement to acquire the remaining interests in nexAir, LLC, one of the largest independent packaged gas distributors in the United States.
The acquisition complements Linde’s existing packaged gas business and expands its presence across the country.
Since 2012, Linde, through its wholly-owned subsidiary, Linde Gas & Equipment, has held a minority interest in gas distributor nexAir. The company purchased the remaining 77.2% interest in nexAir, with 2022 sales of $400 million.
The acquisition aligns with Linde’s strategy to increase network density and reinvest in opportunities. The company aims to further strengthen its presence in the southeastern United States while serving customers with the same reliability and quality.
Headquartered in Guildford, U.K., Linde is a leading global industrial gases and engineering company. It provides high-quality solutions, technologies and services, making its customers more successful and helping to sustain and protect the environment.
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services. CMC’s net debt to trailing 12-month adjusted EBITDA ratio was 0.5 at the end of the fiscal second quarter, while net debt to capitalization is just 14%.
Commercial Metals Company is expected to see 2022 earnings growth of 22.8%. CMC beat the Zacks Consensus Estimate for earnings in the prior four quarters, delivering an earnings surprise of 19.7%.
Flexible Solutions is an environmental technology company focusing on the research, development and manufacturing of products that save water and energy. The company develops and manufactures products such as WaterSavr, Heatsavr and Ecosavr.
Flexible Solutions is expected to see earnings growth of 57% in 2022. In the trailing four quarters, the company beat the Zacks Consensus Estimate for earnings thrice and missed the same once, delivering an earnings surprise of 52.7%.
Olympic Steel is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, and aluminum products.
Olympic Steel has witnessed upward earnings estimate revisions for 2022 and 2023 in the past 60 days. In the trailing four quarters, the company beat the Zacks Consensus Estimate for earnings thrice and missed the same once, delivering an earnings surprise of 25.4%.
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Linde (LIN) Signs Deal to Acquire Remaining Stake in nexAir
Linde plc (LIN - Free Report) reached an agreement to acquire the remaining interests in nexAir, LLC, one of the largest independent packaged gas distributors in the United States.
The acquisition complements Linde’s existing packaged gas business and expands its presence across the country.
Since 2012, Linde, through its wholly-owned subsidiary, Linde Gas & Equipment, has held a minority interest in gas distributor nexAir. The company purchased the remaining 77.2% interest in nexAir, with 2022 sales of $400 million.
The acquisition aligns with Linde’s strategy to increase network density and reinvest in opportunities. The company aims to further strengthen its presence in the southeastern United States while serving customers with the same reliability and quality.
Headquartered in Guildford, U.K., Linde is a leading global industrial gases and engineering company. It provides high-quality solutions, technologies and services, making its customers more successful and helping to sustain and protect the environment.
Linde currently carries a Zacks Rank #3 (Hold). Some better-ranked players in the basic materials space are Commercial Metals Company (CMC - Free Report) , Flexible Solutions International, Inc (FSI - Free Report) and Olympic Steel, Inc. (ZEUS - Free Report) , each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services. CMC’s net debt to trailing 12-month adjusted EBITDA ratio was 0.5 at the end of the fiscal second quarter, while net debt to capitalization is just 14%.
Commercial Metals Company is expected to see 2022 earnings growth of 22.8%. CMC beat the Zacks Consensus Estimate for earnings in the prior four quarters, delivering an earnings surprise of 19.7%.
Flexible Solutions is an environmental technology company focusing on the research, development and manufacturing of products that save water and energy. The company develops and manufactures products such as WaterSavr, Heatsavr and Ecosavr.
Flexible Solutions is expected to see earnings growth of 57% in 2022. In the trailing four quarters, the company beat the Zacks Consensus Estimate for earnings thrice and missed the same once, delivering an earnings surprise of 52.7%.
Olympic Steel is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, and aluminum products.
Olympic Steel has witnessed upward earnings estimate revisions for 2022 and 2023 in the past 60 days. In the trailing four quarters, the company beat the Zacks Consensus Estimate for earnings thrice and missed the same once, delivering an earnings surprise of 25.4%.