$LIN (-0,37 %) | Linde Q3 Earnings Highlights:
🔹 Adjusted EPS: $3.94 (Est. $3.89) 🟢; UP +9% YoY
🔹 Revenue: $8.36B (Est. $8.38B) 🟡; UP +2% YoY
Guidance:
🔹 Q4 Adj EPS: $3.86-$3.96 (Est. $4.03) 🔴
🔹 FY24 Adjusted EPS: $15.40-$15.50 (Prev. $15.40-$15.60); UP +9-10% YoY
Segment Sales:
🔹 Americas: $3.62B, flat YoY
🔹 APAC: $1.72B, UP +5% YoY
🔹 EMEA: $2.11B, flat YoY;
🔹 Linde Engineering: $611M, UP +31% YoY;
Financial Metrics:
🔹 Adjusted Operating Profit of $2.5B; UP +7% YoY
🔹 Adjusted Operating Margin: 29.6%; UP +130 bps YoY
🔹 Free Cash Flow: $1.67B; Cash returned to shareholders: $1.32B
Strategic Highlights:
🔸 Project Backlog: Expanded to $10B, including the largest-ever sale-of-gas project.
🔸 Capital Expenditure: Projected at $4.0B-$4.5B for growth and maintenance, supporting the $7B sale-of-gas project backlog.