Tuesday, February 06, 2024 1:19:11 PM
Linde Reports Full-Year and Fourth-Quarter 2023 Results
Full-Year Highlights
Sales $32.9 billion, down 2%, underlying sales up 5%
Operating profit $8.0 billion; adjusted operating profit $9.1 billion, up 15%
Operating profit margin 24.4%; adjusted operating profit margin 27.6%, up 390 basis points versus prior year
EPS $12.59; adjusted EPS $14.20, up 16%
Returned $6.4 billion to shareholders through dividends and share repurchases
Total project backlog of $8.5 billion
Fourth-Quarter Highlights
Sales $8.3 billion, up 5% YoY, underlying sales up 4%
Operating profit $2.0 billion, adjusted operating profit $2.3 billion, up 14%
Operating profit margin 24.4%; adjusted operating profit margin 27.4%, YoY up 210 basis points
EPS $3.16, up 18%; adjusted EPS $3.59, up 14%
2024 Guidance
First-quarter 2024 adjusted EPS guidance $3.58 - $3.68, represents 6%-9% growth ex. FX
Full-year 2024 adjusted EPS guidance $15.25 - $15.65, represents 8%-11% growth ex. FX
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