Higher pricing from the Americas segment backs Linde's (LIN) Q2 earnings beat.
Adjusted EPS of $3.85 beat the consensus estimate of $3.79. Revenue of $8.27 billion fell just short of analysts' $8.3 billion estimate.
Linde plc (NASDAQ:LIN ) Q2 2024 Earnings Conference Call August 2, 2024 9:00 AM ET Company Participants Juan Pelaez - Head of Investor Relations Sanjiv Lamba - Chief Executive Officer Matt White - Chief Financial Officer Conference Call Participants Michael Leithead - Barclays David Begleiter - Deutsche Bank Duffy Fischer - Goldman Sachs Peter Clark - Bernstein Vincent Andrews - Morgan Stanley Laurent Favre - BNP Steve Byrne - Bank of America Mike Sison - Wells Fargo Josh Spector - UBS Jeff Zekauskas - JPMorgan Eric Zhang - Citigroup Kevin McCarthy - Vertical Research Partners John Roberts - Mizuho Operator Good day and thank you for standing by and welcome to the Linde Second Quarter 2024 Earnings Teleconference and Webcast. At this time, all participants are in a listen-only mode.
Although the revenue and EPS for Linde (LIN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Higher pricing from the Americas segment aids Linde's (LIN) Q2 earnings, offset partially by lower contributions from the Engineering business unit.
Linde (LIN) came out with quarterly earnings of $3.85 per share, beating the Zacks Consensus Estimate of $3.79 per share. This compares to earnings of $3.57 per share a year ago.
Second-Quarter Highlights Sales $8.3 billion, up 1%, underlying sales up 3% Operating profit $2.2 billion, adjusted operating profit $2.4 billion, up 6% Operating profit margin 26.4%; adjusted operating profit margin 29.3%, up 140 basis points EPS $3.44, up 8%; adjusted EPS $3.85, up 8% YoY Full-year 2024 adjusted EPS guidance of $15.40 - $15.60 representing 9% to 11% growth year-over-year excluding FX WOKING, UK / ACCESSWIRE / August 2, 2024 / Linde plc (Nasdaq:LIN) today reported second-quarter 2024 net income of $1,663 million and diluted earnings per share of $3.44, up 6% and 8% respectively. Excluding Linde AG purchase accounting impacts and other charges, adjusted net income was $1,859 million, up 6% versus prior year.
WOKING, UK / ACCESSWIRE / July 30, 2024 / Linde plc (Nasdaq:LIN) announced its Board of Directors has declared a quarterly dividend of $1.39 per share. The dividend is payable on September 18, 2024 to shareholders of record on September 4, 2024.
Linde's (LIN) Q2 performance is likely to have been affected by a sluggish global economy and geopolitical tensions. Its operating profit from the Engineering business unit might have also decreased.
Evaluate the expected performance of Linde (LIN) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
WOKING, UNITED KINGDOM / ACCESSWIRE / July 29, 2024 / Linde (Nasdaq:LIN) announced today it has published its 2023 Sustainable Development Report. The report details Linde's progress towards its sustainability goals and outlines additional targets.
Linde (LIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.