Linde PLC (LIN) Q1 2024 Earnings: Adjusted EPS Exceeds Expectations, Aligns with Revenue Forecasts

GuruFocus.com05-02

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. ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLinde PLC (LIN) Q1 2024 Earnings: Adjusted EPS Exceeds Expectations, Aligns with Revenue Forecasts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 19:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/linde-plc-lin-q1-2024-115211341.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Revenue: Reported at $8.1 billion, a decrease of 1% year-over-year, falling short of estimates of $8.395 billion.\nNet Income: Achieved $1,627 million, down from the previous year's $1,783.52 million.\n...</p>\n\n<a href=\"https://finance.yahoo.com/news/linde-plc-lin-q1-2024-115211341.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LIN","symbol_name":"Linde PLC","start_time":0,"source_url":"https://finance.yahoo.com/news/linde-plc-lin-q1-2024-115211341.html","article_id":"2432672898","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/SVcJ79mAI616qszkiJQqxg--~B/aD01NTc7dz0xMjQyO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/us.finance.gurufocus/654fd6c3bcb62588afb86e00e48039d6"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432672898","pubTimestamp":1714650731,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"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 : 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.Chief Executive Officer Sanjiv Lamba commented on the results, stating, \"Im proud of how the Linde team continues to deliver high-quality results despite economic headwinds. We had another strong quarter, growing EPS 10%, ROC to 25.6% and expanding operating margins 200 basis po","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LIN":"Linde PLC"},"translate_title":"林德Q1 2024年盈利：调整后每股收益超出预期，与收入预测一致","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LIN":1},"content_text":"Revenue: Reported at $8.1 billion, a decrease of 1% year-over-year, falling short of estimates of $8.395 billion.\nNet Income: Achieved $1,627 million, down from the previous year's $1,783.52 million.\nEarnings Per Share (EPS): Recorded at $3.35, up 9% year-over-year but below the estimated $3.67.\nAdjusted EPS: Reached $3.75, showing a 10% increase year-over-year and surpassing the estimated $3.67.\nOperating Profit: Grew to $2.1 billion, with an adjusted operating profit of $2.3 billion, up 6% from the previous year.\nOperating Margin: Improved to 28.9% on an adjusted basis, a 200 basis point increase from the prior year.\nFree Cash Flow: Posted at $906 million after capital expenditures, demonstrating robust financial health.\n\n\nWarning! GuruFocus has detected 5 Warning Sign with ZBH.\n\n\nOn May 2, 2024, Linde PLC (NASDAQ:LIN), the world's leading industrial gas supplier, disclosed its financial results for the first quarter of 2024 through its 8-K filing. The company reported a slight decline in sales to $8.1 billion, aligning closely with analyst expectations of $8,395.20 million. Despite this, the adjusted earnings per share (EPS) of $3.75 surpassed the estimated $3.67, showcasing a robust 10% year-over-year growth.\nFinancial Highlights and Performance Metrics\nLinde's operating profit stood at $2.1 billion, with an adjusted figure of $2.3 billion, marking a 6% increase from the previous year. This improvement was largely driven by strategic pricing adjustments and ongoing productivity initiatives, which also expanded the adjusted operating profit margin by 200 basis points to 28.9%. The company's net income rose to $1,627 million, although it fell slightly short of the estimated $1,783.52 million. The diluted EPS increased by 9% to $3.35.\nThe company's robust performance is further underscored by its operational efficiency, with a return on capital (ROC) reaching 25.6% and operating margins expanding significantly. Linde's ability to generate strong free cash flow, which amounted to $906 million after capital expenditures, highlights its financial health and operational effectiveness.\nSegment Performance and Economic Impact\nGeographically, the Americas maintained steady sales, while the APAC region showed a promising 4% growth in underlying sales, driven by the chemicals and electronics sectors. However, the EMEA segment experienced a 4% decline in sales due to lower volumes in the manufacturing sector, despite a price increase.\nLinde's engineering sector reported stable sales with an operating profit margin of 18.6%. The order intake and equipment backlog indicate sustained demand and a strong market position.\nExecutive Insights and Future Projections\n\nChief Executive Officer Sanjiv Lamba commented on the results, stating, \"Im proud of how the Linde team continues to deliver high-quality results despite economic headwinds. We had another strong quarter, growing EPS 10%, ROC to 25.6% and expanding operating margins 200 basis points, reaching 28.9%. These results demonstrate the resiliency of our integrated industrial gas model through optimizing our network density, all while developing high-quality growth opportunities.\"\n\nLooking ahead, Linde anticipates adjusted EPS for the full year 2024 to range between $15.30 and $15.60, reflecting an 8% to 10% growth. This guidance aligns closely with the analyst's annual EPS estimate of $15.52. The company also plans substantial capital expenditures of $4.0 billion to $4.5 billion to support growth and maintenance, ensuring continued operational excellence and shareholder value creation.\nConclusion\nLinde PLC's first-quarter results for 2024 reflect a company that adeptly balances operational efficiency with strategic growth initiatives. Despite some challenges in sales volume, the company's ability to exceed profit expectations and maintain a strong forecast for the year speaks to its resilience and strategic planning. Investors and stakeholders can likely anticipate continued robust performance from Linde in the face of a fluctuating economic landscape.\nFor more detailed information and to stay updated on Linde PLC's financial journey, visit GuruFocus.com.\n Explore the complete 8-K earnings release (here) from Linde PLC for further details. This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432672898"}