Articles Archive
Linde plc (NASDAQ:LIN) Q3 2024 Earnings Overview

Linde plc (NASDAQ:LIN) Q3 2024 Earnings Overview Oct. 31, 2024, 3 p.m., readers: 7

Earnings Per Share (EPS) of $3.90, slightly above the estimated $3.89. Revenue for the quarter was approximately $8.36 billion, just below the estimated $8.39 billion. Price-to-Earnings (P/E) ratio of approximately 34.37, indicating the company's market valuation. Linde plc (NASDAQ:LIN), a leading industrial gas and engineering company, operates globally, providing gases and services to various industries, including healthcare, manufacturing, and electronics. Competing with other major players like Air Liquide and Air Products and Chemicals, Linde recently reported its third-quarter 2024 earnings, offering insights into its financial health and market position. On October 31, 2024, Linde reported earnings per share (EPS) of $3.90, slightly above the estimated $3.89. This performance was highlighted during the company's Q3 2024 earnings conference call, where CEO Sanjiv Lamba and CFO Matt White engaged with analysts from major financial institutions. The call provided a platform for Linde to discuss its financial performance and strategic direction, as highlighted by Zacks Investment Research. Linde's revenue for the quarter was approximately $8.36 billion, just below the estimated $8.39 billion. Despite this, the company saw an increase from the $8.16 billion reported in the same quarter last year. The revenue growth was driven by higher pricing in the Americas segment, where operating profit rose by 7.4% to $1.15 billion, surpassing the Zacks Consensus Estimate of $1.13 billion. In the EMEA segment, Linde's profit increased by nearly 11% year over year to $703 million, although it did not meet the Zacks Consensus Estimate. The company's overall performance was supported by strategic pricing adjustments in key markets, which helped offset lower contributions from the Engineering business unit. Linde's financial metrics provide further insights into its market valuation. The company has a price-to-earnings (P/E) ratio of approximately 34.37 and a price-to-sales ratio of about 5.87. Its enterprise value to sales ratio is around 6.33, and the enterprise value to operating cash flow ratio is approximately 25.81. Linde's debt-to-equity ratio is about 0.56, indicating a moderate level of debt relative to equity, while its current ratio is approximately 0.95, reflecting its ability to cover short-term liabilities with short-term assets.

About NASDAQ: LIN

L inde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. The company also designs and constructs turnkey process plants for third-party customers, as well as for the gas businesses in various locations, such as olefin, natural gas, air separation, hydrogen, and synthesis gas plants.

Price: 454.78
Market cap: 216.5 billion USD
Eps: 13.20
P/e ratio: 34.45
Focus Analysis On: LIN