Linde's (NASDAQ:LIN) Q2 EPS up 8% to $3.44
Full story: https://grafa.com/news/linde-s--nasdaq-lin--q2-eps-up-8--to--3-44-256319
Linde (NASDAQ:LIN), a leading global industrial gases company, has announced its financial results for the second quarter of 2024, demonstrating resilience and continued growth in a tough economic environment.
The company reported a slight increase in sales, reaching $8.3 billion, marking a 1% rise from the previous year, with underlying sales up by 3%.
Net income for the quarter showed a robust increase, climbing to $1,663 million, a 6% increase compared to the same period last year.
Linde's operating profit also rose to $2.2 billion, with an adjusted figure of $2.4 billion, both reflecting a 6% year-over-year increase.
This financial strength translated into an improved operating profit margin of 26.4% and an adjusted margin of 29.3%, up by 140 basis points.
While earnings per share (EPS) stood at $3.44, an 8% increase, adjusted EPS was $3.85, also up by 8% year-over-year.
Looking ahead, Linde has raised its full-year 2024 adjusted EPS guidance to $15.40 - $15.60, signaling an optimistic 9% to 11% growth projection, excluding foreign exchange impacts.
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