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Linde (LIN)
NASDAQ:LIN
Holding LIN?
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.95Last Year’s EPS
$3.59Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -10.10%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements, including a record project backlog and strong financial performance in North America. However, it also addressed global economic challenges, workforce reductions, and cautious future guidance, indicating a mixed outlook.Company Guidance
During Linde's Q3 2024 earnings call, the company highlighted several key financial metrics demonstrating resilience amid challenging economic conditions. Earnings per share (EPS) rose by 9% from the previous year, reaching $3.94, while operating profit increased by 7% to $2.5 billion, resulting in a margin of 29.6%. Sales stood at $8.4 billion, marking a 2% year-over-year increase. The company announced a significant $10 billion sale of gas backlog, driven by a historic contract with Dow Chemical involving a $2 billion investment in low-carbon hydrogen production. Despite a 1% to 2% decline in industrial-related end markets, Linde experienced positive growth in North America, with North American sales representing nearly 40% of global revenues. The firm also took proactive measures, including a 2% global workforce reduction, to address anticipated economic contractions in the upcoming quarter. Linde's financial strategy remains robust, with $3.4 billion invested in business growth and $5.1 billion returned to shareholders. Looking ahead, Linde has set a Q4 EPS guidance range of $3.86 to $3.96, anticipating a 9% to 10% growth for the full year, excluding a 1% foreign exchange headwind.Record Backlog
Linde's project backlog in the third quarter hit $10 billion, marking the largest sale of gas project in company history with a significant contract with Dow Chemical.
Strong North American Performance
North American sales, accounting for almost 40% of global sales, showed positive growth, with on-site and merchant volumes slightly up in the U.S.
EPS and Operating Margin Growth
EPS grew by 9% year-over-year, and operating profit increased by 7%, resulting in an operating margin of 29.6%, up 130 basis points.
Increased Operating Cash Flow
Operating cash flow for the quarter was $2.7 billion, up 8% from last year and 42% higher than the second quarter.
Continued Investment and Shareholder Returns
Total CapEx spending increased by 12% versus prior year, with $5.1 billion returned to shareholders.
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LIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $471.97 | $454.77 | -3.64% |
| Aug 02, 2024 | $450.64 | $451.30 | +0.15% |
| May 02, 2024 | $438.58 | $415.79 | -5.20% |
| Feb 06, 2024 | $395.80 | $410.55 | +3.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Linde (LIN) report earnings?
Linde (LIN) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Linde (LIN) earnings time?
Linde (LIN) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LIN EPS forecast?
LIN EPS forecast for the fiscal quarter 2024 (Q4) is $3.95.
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