Investor’s Roundup quarterly performance, analysis: Linde plc (NYSE: LIN)

Linde plc (NYSE: LIN) above +0.58% and ended at $+1.17. The stock’s market capitalization arrived at $111.284B and total traded volume was 990,863 shares. The stock has a 52-week highest price of $204.76 and its 52-week lowest price was called at $145.95. During last trade, its maximum trading price was registered $204.72 and it’s the minimum trading price was noted $202.98.

Linde plc (NYSE: LIN) recently stated first-quarter income from continuing operations of $435M and diluted earnings per share of $0.79. Adjusted pro forma earnings per share increased 12% to $1.69, contrast with adjusted pro forma earnings per share in the prior-year quarter of $1.51. Not Including these costs, adjusted pro forma income from continuing operations was $927M, up 11% versus previous year adjusted pro forma.

Sales for the first quarter were $6,944M. Pro forma sales were $6,914M, in line with the prior-year quarter. Not Including unfavorable currency translation effects, sales were up 5%, driven by 2% higher pricing and 3% volume growth.

First quarter stated operating profit was $609M, 7% below the prior-year quarter, primarily Because of the impact of purchase accounting. On an adjusted pro forma basis, operating profit was $1,222M, 7% above last year not including currency impact. The stated operating profit margin was 8.8% and the adjusted pro forma operating profit margin was 17.7%, up 30 basis points versus the prior-year quarter on a pro forma basis.

During the first quarter, the company paid $477M of dividends and repurchased $697M of stock, net of issuance.

In the Americas, first-quarter sales were $2,702M, 8% above the prior-year quarter not including 3% negative currency. Volumes and price increased 3% and 2%, respectively. Operating profit was $584M.

Sales in APAC (Asia Pacific) were $1,427M in the quarter, up 5% from the previous year not including 6% negative currency. Operating profit was $273M.

EMEA (Europe, Middle East & Africa) sales for the first quarter were $1,682M, 1% above the prior-year quarter not including 8% unfavorable currency. Pricing was up 1%. First-quarter operating profit was $347M.

Linde Engineering sales were $636M and operating profit was $78M, reflecting a 12.3% operating margin.

Leave a Reply

Your email address will not be published. Required fields are marked *