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abrooklyn abrooklyn 2 months ago
https://www.nasdaq.com/articles/linde-lin-q3-earnings-how-key-metrics-compare-wall-street-estimates
Linde (LIN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
October 31, 2024 โ€” 09:30 am EDT

Written by Zacks Equity Research for Zacks ->

Linde (LIN) reported $8.36 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.5%. EPS of $3.94 for the same period compares to $3.63 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $8.38 billion, representing a surprise of -0.27%. The company delivered an EPS surprise of +1.29%, with the consensus EPS estimate being $3.89.


While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Linde performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Sales- EMEA: $2.11 billion compared to the $2.15 billion average estimate based on three analysts. The reported number represents a change of +0.3% year over year.
Sales- APAC: $1.72 billion compared to the $1.72 billion average estimate based on three analysts. The reported number represents a change of +4.7% year over year.
Sales- Other: $300 million versus the three-analyst average estimate of $321.48 million. The reported number represents a year-over-year change of -4.8%.
Sales- Americas: $3.62 billion versus $3.64 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.3% change.
Sales- Engineering: $611 million versus the three-analyst average estimate of $554.27 million. The reported number represents a year-over-year change of +30.8%.
View all Key Company Metrics for Linde here>>>

Shares of Linde have returned -0.5% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Jack_Bolander Jack_Bolander 4 months ago
Nice News :

https://seekingalpha.com/news/4144071-linde-signs-long-term-clean-hydrogen-supply-deal-for-dows-path2zero-project?source=copy_to_clipboard
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abrooklyn abrooklyn 5 months ago
Linde Reports Second-Quarter 2024 Results

https://assets.linde.com/-/media/global/corporate/corporate/documents/press-releases/2024/linde-2q24-earnings-release-tables.pdf

Linde Reports Second-Quarter 2024 Results
Second-Quarter Highlights
? Sales $8.3 billion, up 1%, underlying sales up 3%
? Operating profit $2.2 billion, adjusted operating profit $2.4 billion, up 6%
? Operating profit margin 26.4%; adjusted operating profit margin 29.3%, up 140 basis points
? EPS $3.44, up 8%; adjusted EPS $3.85, up 8% YoY
? Full-year 2024 adjusted EPS guidance of $15.40 - $15.60 representing 9% to 11% growth
year-over-year excluding FX
Woking, UK, August 2, 2024 โ€“ Linde plc (Nasdaq: LIN) today reported second-quarter 2024 net income of $1,663 million and
diluted earnings per share of $3.44, up 6% and 8% respectively. Excluding Linde AG purchase accounting impacts and other
charges, adjusted net income was $1,859 million, up 6% versus prior year. Adjusted earnings per share was $3.85, 8% above
prior year.
Lindeโ€™s sales for the second quarter were $8,267 million, up 1% versus prior year. Compared to prior year, underlying sales
increased 3% from price attainment as volume growth was flat.
Second-quarter operating profit was $2,184 million. Adjusted operating profit of $2,422 million was up 6% versus prior year
led by higher price and continued productivity initiatives across all segments. Adjusted operating profit margin of 29.3% was
140 basis points above prior year.
Second-quarter operating cash flow of $1,929 million decreased 10% versus prior year driven primarily by engineering
project prepayment timing. After capital expenditures of $1,133 million, free cash flow was $796 million. During the quarter,
the company returned $2,100 million to shareholders through dividends and stock repurchases, net of issuances.
Commenting on the financial results and business outlook, Chief Executive Officer Sanjiv Lamba said, โ€œDespite the challenging
macro, the Linde team again delivered high-quality results, growing EPS 8%, increasing ROC to 25.7% and expanding
operating margins 140 basis points, reaching 29.3%. This exemplifies our ability to continuously grow the integrated
industrial gas model while developing and winning high-quality growth opportunities.โ€
Lamba continued, โ€œLooking ahead, the economic environment remains uncertain. However, we are well positioned to win
more than our fair share of high-quality projects and continue to create shareholder value.โ€
For the third quarter of 2024, Linde expects adjusted diluted earnings per share in the range of $3.82 to $3.92, up 5% to 8%
versus prior-year quarter or 6% to 9% when excluding 1% of estimated currency headwind.
For the full year 2024, the company expects adjusted diluted earnings per share to be in the range of $15.40 to $15.60, up
8% to 10% versus prior year or 9% to 11% when excluding 1% of estimated currency headwind. Full-year capital
expenditures are expected to be in the range of $4.0 billion to $4.5 billion to support growth and maintenance requirements
including the $4.7 billion contractual sale of gas project backlog.
Page 2/10
Second-Quarter 2024 Results by Segment
Americas sales of $3,655 million increased 3% versus prior-year quarter. Compared with second quarter 2023, underlying
sales increased 4% driven by higher pricing as volumes were flat. Operating profit of $1,159 million was 31.7% of sales, 150
basis points above prior year.
APAC (Asia Pacific) sales of $1,657 million were down 2% versus prior year driven by negative currency translation.
Compared with second quarter 2023, underlying sales were stable as price and volume were flat versus prior year quarter.
Operating profit of $474 million was 28.6% of sales, 60 basis points above prior year.
EMEA (Europe, Middle East & Africa) sales of $2,091 million were down 3% versus prior year. Compared with second quarter
2023, underlying sales grew 2% driven by 3% higher pricing partially offset by 1% lower volumes, primarily in the metals and
mining end market. Operating profit of $704 million was 33.7% of sales, 450 basis points above prior year.
Linde Engineering sales were $544 million, increased 10% versus prior year, and operating profit was $96 million or 17.6% of
sales. Order intake for the quarter was $336 million and third-party sale of equipment backlog was $3.2 billion.
Earnings Call
A teleconference on Lindeโ€™s second-quarter 2024 results is being held today at 9:00 am EDT.
Live conference call US Toll-Free Dial-In Number: 1 888 770 7292
UK Toll-Free Dial-In Number: 0800 358 0970
Access code: 6877110
Live webcast (listen-only) https://www.linde.com/investors/financial-reports
Materials to be used in the teleconference are also available on the website.
About Linde
Linde is a leading global industrial gases and engineering company with 2023 sales of $33 billion. We live our mission of
making our world more productive every day by providing high-quality solutions, technologies and services which are making
our customers more successful and helping to sustain, decarbonize and protect our planet.
The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare,
manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including
production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and
high-purity & specialty gases for electronics. Linde also delivers state-of-the-art gas processing solutions to support customer
expansion, efficiency improvements and emissions reductions.
For more information about the company and its products and services, please visit www.linde.com
Adjusted amounts, free cash flow and return on capital are non-GAAP measures. See the attachments for a summary of non-
GAAP reconciliations and calculations for adjusted amounts.
Attachments: Summary Non-GAAP Reconciliations, Statements of Income, Balance Sheets, Statements of Cash Flows,
Segment Information and Appendix: Non-GAAP Measures and Reconciliations.
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abrooklyn abrooklyn 8 months ago
LINDE PLC
FORM 10-Q
(Quarterly Report)
Filed 05/02/24 for the Period Ending 03/31/24

https://www.otcmarkets.com/filing/conv_pdf?id=17502616&guid=PdQ-kFbqYL7fJth

Revenue: Reported at $8.1 billion, a decrease of 1% year-over-year, falling short of estimates of $8.395 billion.

Net Income: Achieved $1,627 million, down from the previous year's $1,783.52 million.

Earnings Per Share (EPS): Recorded at $3.35, up 9% year-over-year but below the estimated $3.67.

Adjusted EPS: Reached $3.75, showing a 10% increase year-over-year and surpassing the estimated $3.67.

Operating Profit: Grew to $2.1 billion, with an adjusted operating profit of $2.3 billion, up 6% from the previous year.

Operating Margin: Improved to 28.9% on an adjusted basis, a 200 basis point increase from the prior year.

Free Cash Flow: Posted at $906 million after capital expenditures, demonstrating robust financial health.
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abrooklyn abrooklyn 9 months ago
Linde plc to Join the Nasdaq-100 Index® Beginning March 18, 2024

Source: GlobeNewswire Inc.

Nasdaq (Nasdaq: NDAQ) today announced that Linde plc (Nasdaq: LIN), will become a component of the Nasdaq-100 Index® (Nasdaq: NDX®), the Nasdaq-100 Equal Weighted™ Index (Nasdaq: NDXE™), the Nasdaq-100 Ex-Tech Sector™ Index (Nasdaq: NDXX™), and the Nasdaq-100 ESG™ Index (Nasdaq: NDXESG™) prior to market open on Monday, March 18, 2024. Linde plc will replace Splunk Inc. (Nasdaq: SPLK) in the Nasdaq-100 Index® and the Nasdaq-100 Equal Weighted™ Index. Splunk will also be removed from the Nasdaq-100 ESG™ Index (Nasdaq: NDXESG™) and the Nasdaq-100 Tech Sector™ Index (Nasdaq: NDXT™) on the same date.
For more information about the company, go to https://www.linde.com/.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaqโ€™s proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

Media Contacts: Camille Stafford, Nasdaq and
Jennifer Lawson, Nasdaq
Issuer & Investor Contact: Index Client Services, Nasdaq
Indexservices@nasdaq.com
-NDAQG-



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Jack_Bolander Jack_Bolander 10 months ago
Amazing new Highs !
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abrooklyn abrooklyn 11 months ago
https://finance.yahoo.com/news/linde-plc-linde-reports-full-111000980.html

Linde Reports Full-Year and Fourth-Quarter 2023 Results

Full-Year Highlights

Sales $32.9 billion, down 2%, underlying sales up 5%

Operating profit $8.0 billion; adjusted operating profit $9.1 billion, up 15%

Operating profit margin 24.4%; adjusted operating profit margin 27.6%, up 390 basis points versus prior year

EPS $12.59; adjusted EPS $14.20, up 16%

Returned $6.4 billion to shareholders through dividends and share repurchases

Total project backlog of $8.5 billion

Fourth-Quarter Highlights

Sales $8.3 billion, up 5% YoY, underlying sales up 4%

Operating profit $2.0 billion, adjusted operating profit $2.3 billion, up 14%

Operating profit margin 24.4%; adjusted operating profit margin 27.4%, YoY up 210 basis points

EPS $3.16, up 18%; adjusted EPS $3.59, up 14%

2024 Guidance

First-quarter 2024 adjusted EPS guidance $3.58 - $3.68, represents 6%-9% growth ex. FX

Full-year 2024 adjusted EPS guidance $15.25 - $15.65, represents 8%-11% growth ex. FX
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abrooklyn abrooklyn 1 year ago
What a difference a day makes

Linde On Track for Largest Percent Decrease Since July 2022 -- Data Talk

Source: Dow Jones News
Linde plc (LIN) is currently at $408.44, down $18.28 or 4.28%


--On pace for largest percent decrease since July 5, 2022, when it fell 5.19%

--Snaps a three day winning streak

--Down 1.29% month-to-date

--Up 25.22% year-to-date; on pace for best year since 2021, when it rose 31.47%

--Down 4.28% from its all-time closing high of $426.72 on Dec. 12, 2023

--Up 19.42% from 52 weeks ago (Dec. 14, 2022), when it closed at $342.01

--Down 4.28% from its 52-week closing high of $426.72 on Dec. 12, 2023

--Up 33.7% from its 52-week closing low of $305.49 on Jan. 5, 2023

--Traded as low as $404.66

--Down 5.17% at today's intraday low; largest intraday percent decrease since March 15, 2023, when it fell as much as 5.35%

--Fourth worst performer in the S&P 500 today


All data as of 10:19:52 AM ET


Source: Dow Jones Market Data, FactSet


(END) Dow Jones Newswires

December 13, 2023 10:37 ET (15:37 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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abrooklyn abrooklyn 1 year ago
Linde On Pace for Record High Close -- Data Talk

Source: Dow Jones News
Linde plc (LIN) is currently at $422.69, up $14.45 or 3.54%


--Would be new all-time high (Based on available data back to June 17, 1992)

--On pace for largest percent increase since Feb. 24, 2023, when it rose 4.75%

--Currently up three consecutive days; up 6.03% over this period

--Best three day stretch since the three days ending Feb. 24, 2023, when it rose 7.12%

--Up 2.16% month-to-date

--Up 29.59% year-to-date; on pace for best year since 2021, when it rose 31.47%

--Up 23.43% from 52 weeks ago (Dec. 13, 2022), when it closed at $342.45

--Would be a new 52-week closing high

--Up 38.36% from its 52-week closing low of $305.49 on Jan. 5, 2023

--Traded as high as $434.21; new all-time intraday high (Based on available data back to June 17, 1992)

--Up 6.36% at today's intraday high; largest intraday percent increase since March 9, 2022, when it rose as much as 9.16%

--Third best performer in the S&P 500 today


All data as of 10:34:48 AM ET


Source: Dow Jones Market Data, FactSet


(END) Dow Jones Newswires

December 12, 2023 10:52 ET (15:52 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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Jack_Bolander Jack_Bolander 1 year ago
NEW ALL TIME HIGHS !
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abrooklyn abrooklyn 1 year ago
https://www.nasdaq.com/press-release/linde-plc%3a-linde-reports-third-quarter-2023-results-earnings-release-tables-attached

Linde plc: Linde Reports Third Quarter 2023 Results (Earnings Release Tables Attached)

PUBLISHED
OCT 26, 2023 6:00AM EDT
Third Quarter Highlights

Sales $8.2 billion, down 7% YoY, underlying sales up 3%
Operating profit $2.1 billion; adjusted operating profit $2.3 billion, up 15%
Operating profit margin 25.2%; adjusted operating profit margin 28.3%, up 550 basis points
EPS $3.19 up 26%; adjusted EPS $3.63, up 17% YoY
Increased full-year 2023 adjusted EPS guidance to $14.00 - $14.10, representing 14% to 15% growth year-over-year
WOKING, UK / ACCESSWIRE / October 26, 2023 / Linde plc (NYSE:LIN) today reported third-quarter 2023 net income of $1,565 million and diluted earnings per share of $3.19, up 23% and 26% respectively. Excluding Linde AG purchase accounting impacts and other charges, adjusted net income was $1,783 million, up 15% versus prior year. Adjusted earnings per share was $3.63, 17% above prior year.

Linde's sales for the third quarter were $8,155 million, 7% below prior year but underlying sales increased 3% from 5% price attainment partially offset by 2% lower volumes.

Third quarter operating profit was $2,052 million. Adjusted operating profit of $2,306 million was up 15% versus prior year led by higher price and continued productivity initiatives across all segments. Adjusted operating profit margin of 28.3% was 550 basis points above prior year and 400 basis points higher when excluding the effects of cost pass-through.

Third-quarter operating cash flow of $2,520 million decreased 4% versus prior year driven primarily by lower engineering payments. After capital expenditures of $948 million, free cash flow was $1,572 million. During the quarter, the company returned $1,774 million to shareholders through dividends and stock repurchases, net of issuances.

Commenting on the financial results and business outlook, Chief Executive Officer Sanjiv Lamba said, "Linde employees delivered another quarter of strong results, with EPS growth of 17%, ROC of 25.6%, OCF of $2.5 billion and operating margin expansion of 550 basis points to 28.3%. This performance is driven by our relentless culture to optimize the base business while increasing network density and deploying capital to high-quality growth initiatives."

Lamba continued, "We have a proven track record of creating long-term, compounding shareholder value despite macro challenges."

For the fourth quarter of 2023, Linde expects adjusted diluted earnings per share in the range of $3.38 to $3.48, up 7% to 10% versus prior-year quarter. This guidance assumes a currency tailwind of 1% year-over-year and a 2% headwind sequentially.

For the full year 2023, the company expects adjusted diluted earnings per share to be in the range of $14.00 to $14.10, up 14% to 15% versus prior year and assumes no currency impact. Full-year capital expenditures are expected to be in the range of $3.5 billion to $4.0 billion to support growth and maintenance requirements including the $4.5 billion contractual sale of gas project backlog.

Third-Quarter 2023 Results by Segment

Americas sales of $3,629 million were 2% lower versus prior year. Compared with third quarter 2022, underlying sales increased 3% driven by 5% higher pricing, partially offset by 2% lower volumes. Underlying sales growth was primarily in the healthcare, food & beverage and chemicals & energy end markets. Operating profit of $1,074 million was 29.6% of sales, 320 basis points above prior year and 90 basis points higher when excluding the effects of cost pass-through.

APAC (Asia Pacific) sales of $1,639 million were 1% lower versus prior year. Compared with third quarter 2022, underlying sales grew 3% driven by 3% price attainment and stable volumes. Underlying sales growth was primarily in the chemicals & energy end markets, including project start-ups, and to a lesser extent the healthcare and manufacturing end markets. Operating profit of $459 million was 28.0% of sales, 220 basis points above prior year. Year over year cost pass-through was immaterial.

EMEA (Europe, Middle East & Africa) sales of $2,105 million were down 1% versus prior year. Compared with third quarter 2022, underlying sales grew 2%, driven by 6% higher pricing partially offset by 4% lower volumes. Operating profit of $634 million was 30.1% of sales, 820 basis points above prior year and 600 basis points higher when excluding the effects of cost pass-through.

Linde Engineering sales were $467 million, 44% below prior year, and operating profit was $116 million or 24.8% of sales. Order intake for the quarter was $633 million and third-party sale of equipment backlog was $3.6 billion.

Earnings Call

A teleconference on Linde's third quarter 2023 results is being held today at 9:00 am EDT.

Live conference call US Toll-Free Dial-In Number: 1 888 770 7292Germany Toll-Free Dial-In Number: 0800 000 0105UK Toll-Free Dial-In Number: 0800 358 0970Access code: 6877110
Live webcast (listen-only) https://investors.linde.com/events-presentations
Materials to be used in the teleconference are also available on the website.

About Linde

Linde is a leading global industrial gases and engineering company with 2022 sales of $33 billion. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet.

The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit www.linde.com

NON-GAAP Financial Measures

Adjusted amounts, free cash flow and return on capital are non-GAAP measures. See the attachments (Earnings release tables: https://eqs-cockpit.com/c/fncls.ssp?u=bc3b9657c4fa6b929957103487cb487e) for a summary of non-GAAP reconciliations and calculations for adjusted amounts.

Attachments: Summary Non-GAAP Reconciliations, Statements of Income, Balance Sheets, Statements of Cash Flows, Segment Information and Appendix: Non-GAAP Measures and Reconciliations.

*Note: We are providing adjusted earnings per share ("EPS") guidance for 2023. This is a non-GAAP financial measure that represents diluted earnings per share from continuing operations (a GAAP measure) but excludes the impact of certain items that we believe are not representative of our underlying business performance, such as cost reduction and other charges, any impairment or other charges related to scaling back operations in Russia as actions are defined and executed and as sanctions impact the Company's operations, the impact of potential divestitures or other potentially significant items. Given the uncertainty of timing and magnitude of such items, we cannot provide a reconciliation of the differences between the non-GAAP adjusted EPS guidance and the corresponding GAAP EPS measure without unreasonable effort.

Transfer of Stock Exchange Listing

Linde (NYSE: LIN) intends to transfer the listing of its ordinary shares from the New York Stock Exchange (NYSE) to the Nasdaq Stock Market (Nasdaq) on November 6,2023 after market close. Linde expects to commence trading as a Nasdaq-listed company upon market open on November 7, 2023 and will continue trading under the ticker symbol "LIN". The transfer to Nasdaq provides Linde with Nasdaq index inclusion opportunities in addition to certain cost savings.

Forward-looking Statements

This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, could, may, plan, project, predict, will, potential, forecast, and similar expressions. They are based on management's reasonable expectations and assumptions as of the date the statements are made but involve risks and uncertainties. These risks and uncertainties include, without limitation: the performance of stock markets generally; developments in worldwide and national economies and other international events and circumstances, including trade conflicts and tariffs; changes in foreign currencies and in interest rates; the cost and availability of electric power, natural gas and other raw materials; the ability to achieve price increases to offset cost increases; catastrophic events including natural disasters, epidemics, pandemics such as COVID-19 and acts of war and terrorism; the ability to attract, hire, and retain qualified personnel; the impact of changes in financial accounting standards; the impact of changes in pension plan liabilities; the impact of tax, environmental, healthcare and other legislation and government regulation in jurisdictions in which the company operates; the cost and outcomes of investigations, litigation and regulatory proceedings; the impact of potential unusual or non-recurring items; continued timely development and market acceptance of new products and applications; the impact of competitive products and pricing; future financial and operating performance of major customers and industries served; the impact of information technology system failures, network disruptions and breaches in data security; and the effectiveness and speed of integrating new acquisitions into the business. These risks and uncertainties may cause future results or circumstances to differ materially from adjusted projections, estimates or other forward-looking statements.

Linde plc assumes no obligation to update or provide revisions to any forward-looking statement in response to changing circumstances. The above listed risks and uncertainties are further described in Item 1A. Risk Factors in Linde plc's Form 10-K for the fiscal year ended December 31, 2022 filed with the SEC on February 28, 2023 which should be reviewed carefully. Please consider Linde plc's forward-looking statements in light of those risks.

File: Q3_2023_Earnings_Release_Tables

SOURCE: Linde plc

View source version on accesswire.com: https://www.accesswire.com/796709/linde-plc-linde-reports-third-quarter-2023-results-earnings-release-tables-attached
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abrooklyn abrooklyn 1 year ago
Linde plc: Linde Reports Second-Quarter 2023 Results
Thursday, July 27, 2023 6:20 AM

Earnings
Second-Quarter Highlights

Sales $8.2 billion, down 3% YoY, underlying up 6%
Operating profit $2.0 billion, adjusted operating profit $2.3 billion, up 15%
Operating profit margin 24.5%; adjusted operating profit margin 27.9%, up 440 basis points
EPS $3.19; adjusted EPS $3.57, up 15% YoY
Increased full-year 2023 adjusted EPS guidance to $13.80 - $14.00, represents 12% to 14% growth year-over-year
WOKING, UK / ACCESSWIRE / July 27, 2023 / Linde plc (NYSE:LIN) today reported second-quarter 2023 net income of $1,575 million and diluted earnings per share of $3.19, up 323% and 331% respectively. Excluding Linde AG purchase accounting impacts and other charges, adjusted net income was $1,760 million, up 12% versus prior year. Adjusted earnings per share was $3.57, 15% above prior year.

Linde's sales for the second quarter were $8,204 million, 3% below prior year but 2% above when excluding cost pass-through and currency. Compared to prior year, underlying sales increased 6% from 7% price attainment slightly offset by 1% lower volumes.

Second-quarter operating profit was $2,011 million. Adjusted operating profit of $2,286 million was up 15% versus prior year led by higher price and continued productivity initiatives across all segments. Adjusted operating profit margin of 27.9% was 440 basis points above prior year and 350 basis points higher when excluding the effects of cost pass-through.

Second-quarter operating cash flow of $2,150 million increased 1% versus prior year. After capital expenditures of $859 million, free cash flow was $1,291 million. During the quarter, the company returned $1,523 million to shareholders through dividends and stock repurchases, net of issuances.

Commenting on the financial results and business outlook, Chief Executive Officer Sanjiv Lamba said, "Linde delivered another quarter of strong results, growing EPS 15%, ROC to 24.9% and expanding operating margins 440 basis points, reaching 27.9%. This performance is driven by our employees' ability to continuously optimize the base business and increase network density, all while securing high-quality growth opportunities."

Lamba continued, "Regardless of the geopolitical or economic uncertainty, we will continue to generate long-term shareholder value."

For the third quarter of 2023, Linde expects adjusted diluted earnings per share in the range of $3.48 to $3.58, up 12% to 15% versus prior-year quarter. This guidance assumes a currency tailwind of 2% year-over-year and flat sequentially.

For the full year 2023, the company expects adjusted diluted earnings per share to be in the range of $13.80 to $14.00, up 12% to 14% versus prior year and assumes no currency impact. Full-year capital expenditures are expected to be in the range of $3.5 billion to $4.0 billion to support growth and maintenance requirements including the $4.4 billion contractual sale of gas project backlog.

Second-Quarter 2023 Results by Segment

Americas sales of $3,541 million grew 1% versus prior year. Compared with second quarter 2022, underlying sales increased 5% driven by 6% higher pricing and 1% lower volumes. Sales growth was primarily in the healthcare and food & beverage end markets. Operating profit of $1,070 million was 30.2% of sales, 430 basis points above prior year and 240 basis points higher when excluding the effects of cost pass-through.

APAC (Asia Pacific) sales of $1,683 million grew 2% versus prior year. Compared with second quarter 2022, underlying sales grew 8% driven by 5% price attainment and 3% volume growth, primarily in the electronics, chemicals & energy end markets, including project start-ups. Operating profit of $472 million was 28.0% of sales, 220 basis points above prior year. Year over year cost pass-through was immaterial.

EMEA (Europe, Middle East & Africa) sales of $2,160 million were up 1% versus prior year. Compared with second quarter 2022, underlying sales grew 7%, driven by 11% higher pricing partially offset by 4% lower volumes. Operating profit of $630 million was 29.2% of sales, 420 basis points above prior year and 350 basis points higher when excluding the effects of cost pass-through.

Linde Engineering sales were $495 million, 23% below prior year, and operating profit was $107 million or 21.6% of sales. Order intake for the quarter was $294 million and third-party sale of equipment backlog was $3.4 billion.

Earnings Call

A teleconference on Linde's second-quarter 2023 results is being held today at 9:00 am EST.

Live conference call US Toll-Free Dial-In Number: 1 888 770 7292
Germany Toll-Free Dial-In Number: 0800 000 0105
UK Toll-Free Dial-In Number: 0800 358 0970
Access code: 6877110
Live webcast (listen-only) https://investors.linde.com/events-presentations
Materials to be used in the teleconference are also available on the website.

About Linde

Linde is a leading global industrial gases and engineering company with 2022 sales of $33 billion. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet.

The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit www.linde.com

Adjusted amounts, free cash flow and return on capital are non-GAAP measures. See the attachments (Earnings release tables: https://eqs-cockpit.com/c/fncls.ssp?u=0851669aec93833ebad0897a18d05119) for a summary of non-GAAP reconciliations and calculations for adjusted amounts.

Attachments: Summary Non-GAAP Reconciliations, Statements of Income, Balance Sheets, Statements of Cash Flows, Segment Information and Appendix: Non-GAAP Measures and Reconciliations.

*Note: We are providing adjusted earnings per share ("EPS") guidance for 2023. This is a non-GAAP financial measure that represents diluted earnings per share from continuing operations (a GAAP measure) but excludes the impact of certain items that we believe are not representative of our underlying business performance, such as cost reduction and other charges, any impairment or other charges related to scaling back operations in Russia as actions are defined and executed and as sanctions are enacted that impact the Company's operations, the impact of potential divestitures or other potentially significant items. Given the uncertainty of timing and magnitude of such items, we cannot provide a reconciliation of the differences between the non-GAAP adjusted EPS guidance and the corresponding GAAP EPS measure without unreasonable effort.

Forward-looking Statements

This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, could, may, plan, project, predict, will, potential, forecast, and similar expressions. They are based on management's reasonable expectations and assumptions as of the date the statements are made but involve risks and uncertainties. These risks and uncertainties include, without limitation: the performance of stock markets generally; developments in worldwide and national economies and other international events and circumstances, including trade conflicts and tariffs; changes in foreign currencies and in interest rates; the cost and availability of electric power, natural gas and other raw materials; the ability to achieve price increases to offset cost increases; catastrophic events including natural disasters, epidemics, pandemics such as COVID-19 and acts of war and terrorism; the ability to attract, hire, and retain qualified personnel; the impact of changes in financial accounting standards; the impact of changes in pension plan liabilities; the impact of tax, environmental, healthcare and other legislation and government regulation in jurisdictions in which the company operates; the cost and outcomes of investigations, litigation and regulatory proceedings; the impact of potential unusual or non-recurring items; continued timely development and market acceptance of new products and applications; the impact of competitive products and pricing; future financial and operating performance of major customers and industries served; the impact of information technology system failures, network disruptions and breaches in data security; and the effectiveness and speed of integrating new acquisitions into the business. These risks and uncertainties may cause future results or circumstances to differ materially from adjusted projections, estimates or other forward-looking statements.

Linde plc assumes no obligation to update or provide revisions to any forward-looking statement in response to changing circumstances. The above listed risks and uncertainties are further described in Item 1A. Risk Factors in Linde plc's Form 10-K for the fiscal year ended December 31, 2022 filed with the SEC on February 28, 2023 which should be reviewed carefully. Please consider Linde plc's forward-looking statements in light of those risks.

Additional features:

File: Q2_2023_Earnings_Release_Tables

SOURCE: Linde plc

Topic: Earnings
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abrooklyn abrooklyn 2 years ago
This board is attached to LIN
Linde plc,

LIN
2810 - Industrial Inorganic Chemicals Commodity Chemicals

not sure why it says LIN Media, Llc
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abrooklyn abrooklyn 2 years ago
https://www.otcmarkets.com/filing/conv_pdf?id=16370222&guid=Pk4-kaMEoF22dth
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Mr.John1 Mr.John1 2 years ago


What a cheating company. Manipulating corruption scandal of $2 Billion, Bogus lawsuit, hush agreement, bullying whistle-blower, etc
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QaB2i QaB2i 4 years ago
Target price $320.
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QaB2i QaB2i 4 years ago
Linde PLC (LIN)

The first new position is in Linde, the worldโ€™s largest industrial gas production company, whether counting by revenues or market share. Linde produces a range of gasses for industrial use, and is the dominant supplier of argon, nitrogen, oxygen, and hydrogen, along with niche gasses like carbon dioxide for the soft drink industry. The company also produces gas storage and transfer equipment, welding equipment, and refrigerants. In short, Linde embodies Dalioโ€™s โ€˜diversifyโ€™ dictum.

Lindeโ€™s industry leadership and essential products helped the company bounce back from the corona crisis. The companyโ€™s revenues slipped in 1H20, but grew in the second half, reaching pre-corona levels in Q3 and exceeding those levels in Q4.
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QaB2i QaB2i 4 years ago
Possibly the largest player in the hydrocarbon/ blue gas space. Blue Gas projected to be the future of all EVs fuel, space exploration, trucking, commercial application vehicles. Minutes to fill up, runs for weeks on single tanks, zero emissions, cheap to run.

Decades in the making and ground floor valuations.
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bosman bosman 6 years ago
Do you own any LIN?
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OTCBULL OTCBULL 10 years ago
Happy Thanks Giving to All!

$LIN
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OTCBULL OTCBULL 11 years ago
They were bought out by Media General for 1.6Billion Dollars

$LIN
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jfkspire jfkspire 11 years ago
Hi I created this board!! I missed the buy out!!
What exactly happened?
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OTCBULL OTCBULL 11 years ago
$LIN is up $5 since the buyout and my alert, look at her go!

$LIN
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OTCBULL OTCBULL 11 years ago
LIN Media LLC Stockholders Encouraged to Contact Securities Law Firm about Takeover

DALLAS, March 21, 2014 /PRNewswire/ -- Securities lawyers at Deans & Lyons announce an investigation of the board of LIN Media LLC (NYSE: LIN) in connection with a buyout for approximately $27.82 per share in a combination of stock and cash. Concerned LIN investors are encouraged to contact attorney Hamilton Lindley by clicking here.

"Since one analyst valued the value of the company at $32.00 per share, this potential investigation is concerned with ensuring that shareholders receive the highest price reasonably available for their stock," said securities lawyer Hamilton Lindley. "Our potential shareholder lawsuit will seek to ensure that all relevant information is disclosed to the LIN Media LLC shareholders."

Deans & Lyons has significant experience representing shareholders in securities lawsuits nationwide. LIN stockholders โ€“ or anyone with knowledge about this situation โ€“ should contact lawyer Hamilton Lindley at hlindley@deanslyons.com or 877-819-8033 with questions or concerns.
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OTCBULL OTCBULL 11 years ago
I do see great things happening here for LIN MEDIA LLC though...

Good luck to all

$LIN
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OTCBULL OTCBULL 11 years ago
there is however a lot of legal firms looking into fraudulent and/or fishy actions associated with the buyout...
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OTCBULL OTCBULL 11 years ago
I am curious as to what this means for stockholders
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OTCBULL OTCBULL 11 years ago
The buyout is HUGE for LIN
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OTCBULL OTCBULL 11 years ago
huge gains today, unbelievable!
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jfkspire jfkspire 11 years ago
Support has already been touched & tested,, therefore price is going back to $27.50
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jfkspire jfkspire 11 years ago
Wonderful Loading Price for this "high Potential" Company.
$$ LIN $$
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