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Dec 31, 2023
Linde Q4 2023 Earnings Report
Linde's Q4 2023 results reflected YoY sales growth and increased operating profit.
Key Takeaways
Linde reported a 5% increase in sales and a 14% increase in adjusted operating profit for the fourth quarter of 2023. The company's adjusted EPS grew by 14%, driven by higher price and productivity initiatives.
Sales increased by 5% year-over-year, with underlying sales up 4%.
Adjusted operating profit rose by 14% compared to the prior year.
Adjusted operating profit margin increased by 210 basis points year-over-year.
Adjusted EPS increased by 14% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Linde anticipates adjusted EPS for Q1 2024 to be between $3.58 and $3.68, and full-year 2024 adjusted EPS to be in the range of $15.25 to $15.65.
Positive Outlook
- First-quarter 2024 adjusted EPS guidance represents 6%-9% growth ex. FX
- Full-year 2024 adjusted EPS guidance represents 8%-11% growth ex. FX
- Well positioned to win more than our fair share of high-quality projects
- Create shareholder value by leveraging all of the opportunities that lie ahead
- Strong balance sheet and a high-quality project backlog of $8.5 billion which will contribute earnings growth for years to come
Challenges Ahead
- Geopolitical and macro environment remain uncertain
- First-quarter 2024 adjusted EPS guidance assumes 1% unfavorable currency
- Full-year capital expenditures are expected to range between $4.5 billion and $5.0 billion
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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