Linde plc
Linde Reports Q1 2024 Financial Results: Earnings Beat and Strong Operating Margins
Summary
Linde plc reported first-quarter 2024 results on May 2, 2024. Sales were $8.1 billion, down 1% year-over-year, but underlying sales increased by 1%. Operating profit rose to $2.1 billion with an operating profit margin of 25.9%. Adjusted operating profit was $2.3 billion, up 6% year-over-year. Diluted earnings per share (EPS) increased by 9% to $3.35, and adjusted diluted EPS rose by 10% to $3.75. The company expects full-year 2024 adjusted diluted EPS to grow by 8% to 10%.
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About Linde plc
Linde plc is a multinational industrial gas and engineering company that plays a pivotal role in various sectors by providing essential gases and services. The company engages in the production and supply of industrial, process, and specialty gases, which are crucial for diverse industries including healthcare, manufacturing, food and beverage, electronics, and energy. Linde's offerings aid in improving efficiency, reducing emissions, and enhancing productivity across these sectors. With a heritage dating back to 1879 and its current domicile in the United Kingdom, Linde has firmly established itself as a global leader through continuous innovation and strategic expansion. The company's extensive portfolio includes atmospheric gases like oxygen, nitrogen, and argon, as well as hydrogen and helium, supporting critical operations from steel manufacturing to water treatment and medical applications. Linde's significance in the market is underscored by its widespread geographical reach and strong commitment to sustainable practices and technological advancements, further reinforcing its crucial role in supporting sustainable industrial development worldwide.
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