NASDAQ$LIN
Linde PLC · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Linde's first quarter demonstrated resilience through optimizing network density and developing high-quality growth opportunities.
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.
Headline financials
Revenue & EPS history
Linde · Revenue · Quarterly
$8.1B
Revenue by segment
Linde · $7.37B total across 3 segments · Q3 2023
- Americas$3.63B—49.2%
- EMEA$2.11B—28.6%
- APAC$1.64B—22.2%
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.
Tailwinds
- 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.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.3%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+3.0%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+6.4%
Q3 2020
Best reaction
-4.3%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | +0.1% | -0.7% | |
| Q4 2025 | -2.9% | -2.7% | +2.4% | |
| Q3 2025 | -4.2% | -2.7% | -4.6% | |
| Q2 2025 | -0.2% | +2.4% | +3.9% | |
| Q1 2025 | -1.1% | -1.4% | +3.2% | |
| Q4 2024 | +1.5% | +1.6% | +3.3% | |
| Q3 2024 | -3.4% | -3.9% | -2.6% | |
| Q2 2024 | -2.2% | -2.5% | +5.5% | |
| Q1 2024 | -4.3% | -2.9% | -1.6% | |
| Q4 2023 | +4.0% | +4.7% | +16.1% | |
| Q3 2023 | +1.7% | +4.9% | +13.7% | |
| Q2 2023 | +0.1% | +0.1% | -1.7% | |
| Q1 2023 | +1.2% | +1.4% | -2.4% | |
| Q4 2022 | +3.5% | +2.8% | +7.1% | |
| Q3 2022 | +2.4% | +1.1% | +16.8% | |
| Q2 2022 | +4.0% | +2.5% | -1.4% | |
| Q1 2022 | +1.6% | +2.3% | +7.4% | |
| Q4 2021 | -3.1% | -0.7% | -7.7% | |
| Q3 2021 | +0.1% | +2.7% | +0.5% | |
| Q2 2021 | +0.3% | +2.1% | +5.0% | |
| Q1 2021 | +2.5% | +2.4% | +2.8% | |
| Q4 2020 | +3.3% | +1.4% | -0.6% | |
| Q3 2020 | +6.4% | +11.4% | +6.5% | |
| Q2 2020 | +0.2% | -0.4% | +3.6% | |
| Q1 2020 | +5.3% | +2.3% | +23.7% | |
| Q4 2019 | +2.5% | +2.9% | -18.7% | |
| Q3 2019 | +2.7% | +3.7% | +3.8% | |
| Q2 2019 | +0.6% | +2.3% | -0.1% | |
| Q1 2019 | +4.2% | +4.3% | +15.4% | |
| Q4 2018 | -1.6% | -3.7% | +2.0% | |
| Q4 2017 | -1.6% | -3.7% | +2.0% | |
| Q4 2016 | -1.6% | -3.7% | +2.0% | |
| Q2 2018 | -1.6% | -3.7% | +2.0% | |
| Q3 2018 | -3.7% | -7.2% | -7.6% | |
| Q1 2018 | -1.5% | +1.7% | +5.7% | |
| Q1 2017 | +0.0% | -2.7% | +3.1% | |
| Q2 2017 | -1.4% | -0.4% | +4.7% | |
| Q3 2017 | -1.4% | -0.4% | +4.7% | |
| Q3 2016 | +2.0% | +1.3% | -1.2% | |
| Q2 2016 | +2.5% | +0.8% | +5.3% | |
| Q1 2016 | +0.2% | — | — | |
| Q4 2015 | -1.5% | — | — | |
| Q3 2015 | +0.9% | — | — | |
| Q2 2015 | -0.0% | — | — | |
| Q1 2015 | -0.4% | — | — | |
| Q4 2014 | -1.1% | — | — | |
| Q3 2014 | +0.7% | — | — | |
| Q2 2014 | -0.8% | — | — | |
| Q1 2014 | -0.7% | — | — | |
| Q4 2013 | -0.4% | — | — | |
| Q3 2013 | -0.7% | — | — | |
| Q2 2013 | +1.4% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2012 | +4.3% | — | — | |
| Q3 2012 | +0.1% | — | — | |
| Q2 2012 | -0.4% | — | — | |
| Q1 2012 | +0.3% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q3 2011 | -3.8% | — | — | |
| Q2 2011 | +1.0% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q4 2010 | +0.4% | — | — | |
| Q3 2010 | -0.1% | — | — | |
| Q2 2010 | -0.8% | — | — | |
| Q1 2010 | +1.3% | — | — |
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