Linde plc: Linde Reports Full-Year and Fourth-Quarter 2022 Results (Earnings Release Tables Attached)
Full-Year HighlightsSales $33.4 billion, up 8%, up 13% ex. FXOperating profit $5.4 billion, up 8%; adjusted operating profit $7.9 billion, up 10%Operating profit margin 16.1%; adjusted operating profit margin 23.7%, up 40 basis points versus prior …
Full-Year Highlights
- Sales $33.4 billion, up 8%, up 13% ex. FX
- Operating profit $5.4 billion, up 8%; adjusted operating profit $7.9 billion, up 10%
- Operating profit margin 16.1%; adjusted operating profit margin 23.7%, up 40 basis points versus prior year
- EPS $8.23, up 12%; adjusted EPS $12.29, up 15% or 20% ex. FX
- Returned $7.5 billion to shareholders through dividends and share repurchases, up 11%
- Total project backlog of $9.2 billion
Fourth-Quarter Highlights
- Sales $7.9 billion, down 5% YoY, up 1% ex. FX
- Operating profit $1.7 billion, adjusted operating profit $2.0 billion, up 9%
- Operating profit margin 21.4%; adjusted operating profit margin 25.3%, up 310 basis points
- EPS $2.67, up 35%; adjusted EPS $3.16, up 14%
2023 Guidance
- First-quarter 2023 adjusted EPS guidance $3.05 - $3.15, represents 9%-13% growth ex. FX
- Full-year 2023 adjusted EPS guidance $13.15 - $13.55, represents 9%-12% growth ex. FX
WOKING, UK / ACCESSWIRE / February 7, 2023 / Linde plc (NYSE:LIN)(FWB:LIN) today reported fourth-quarter 2022 income from continuing operations of $1,328 million and diluted earnings per share of $2.67, up 30% and 35% respectively. Excluding Linde AG purchase accounting impacts and other charges, adjusted income from continuing operations was $1,574 million, up 10% versus prior year. Adjusted earnings per share was $3.16, 14% above prior year.
Linde's sales for the fourth quarter were $7,899 million, 5% below prior year or 1% above when excluding negative currency impact. Compared to prior year, underlying sales increased 7% from 8% price attainment partially offset by 1% lower volumes.
Fourth-quarter operating profit was $1,687 million. Adjusted operating profit of $2,001 million was up 9% versus prior year led by higher price and continued productivity initiatives across all segments. Adjusted operating profit margin of 25.3% was 310 basis points above prior year and 350 basis points higher when excluding the effects of cost pass-through.
Fourth-quarter operating cash flow of $2,095 million decreased 35% versus prior year driven primarily by lower engineering project prepayments. After capital expenditures of $936 million, free cash flow was $1,159 million. During the quarter, the company returned $1,264 million to shareholders through dividends and stock repurchases, net of issuances.
| Diskussion: die neue Linde PLC (LIN) = alte Linde + Praxair |
Wertpapier |
0 Kommentare
| 
