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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.
Linde
Linde
Linde Revenue by Segment
Linde Revenue by Geographic Location
Revenue by Segment
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com 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
- Challenging environment in 2023
- Underlying sales decreased 1% lower volumes for full year 2023
Revenue & Expenses
Visualization of income flow from segment revenue to net income