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Mar 31, 2024
Linde Q1 2024 Earnings Report
Linde's first quarter demonstrated resilience through optimizing network density and developing high-quality growth opportunities.
Key Takeaways
Linde reported a slight decrease in sales but an increase in operating profit and adjusted EPS. The company's underlying sales increased by 1%, driven by price attainment, and adjusted operating profit margin improved by 200 basis points.
Sales were $8.1 billion, down 1%, but underlying sales increased 1%.
Operating profit was $2.1 billion, with adjusted operating profit at $2.3 billion, up 6%.
Adjusted operating profit margin increased by 200 basis points to 28.9%.
Adjusted EPS was $3.75, a 10% increase year-over-year.
Linde
Linde
Linde Revenue by Segment
Linde Revenue by Geographic Location
Revenue by Segment
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.comLinde Engineering Revenue
CapyFin.comGlobal Other Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com Forward Guidance
Linde expects adjusted diluted earnings per share in the range of $3.70 to $3.80 for the second quarter of 2024 and $15.30 to $15.60 for the full year 2024.
Positive Outlook
- Second quarter adjusted diluted EPS expected to be in the range of $3.70 to $3.80, up 4% to 6% versus prior-year quarter.
- Second quarter adjusted diluted EPS expected to be up 5% to 7% when excluding 1% of estimated currency headwind.
- Full year 2024 adjusted diluted EPS expected to be in the range of $15.30 to $15.60, up 8% to 10% versus prior year.
- Full year 2024 adjusted diluted EPS expected to be up 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 $4.9 billion contractual sale of gas project backlog.
Revenue & Expenses
Visualization of income flow from segment revenue to net income