LIN Earnings Prediction
The chart below shows how LIN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LIN sees a -0.75% change in stock price 10 days leading up to the earnings, and a +2.64% change 10 days following the report. On the earnings day itself, the stock moves by +0.20%. This data can give you a slight idea of what to expect for the next quarter's release.
LIN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
8.36B
2.46%
1.08%
Gross Margin
36.38%
2.94%
-1.65%
Operating Margin
26.70%
5.99%
1.06%
Net Margin
19.18%
-2.29%
-6.71%
EPS
3.22
0.94%
-6.40%
No Data Available
LIN Earnings Analysis
0 Corporation (LIN.N) Earnings Conference Call
Positive
Operating Profit Surge: 1. Record Operating Profit: Linde achieved an operating profit of $2.5 billion in Q3 2024, marking a 7% increase from the previous year, with an operating margin of 29.6%, up 130 basis points.
Sales Performance Improvement: 2. Strong Sales Growth: The company reported sales of $8.4 billion, which is a 2% increase year-over-year and a 1% increase sequentially, driven by higher project activity and demand for LNG infrastructure.
Record Project Backlog: 3. Significant Project Backlog: Linde's project backlog reached a record $10 billion, bolstered by the signing of the largest gas project in company history with Dow Chemical, valued at over $2 billion.
Operating Cash Flow Increase: 4. Increased Operating Cash Flow: Operating cash flow for the quarter was $2.7 billion, an 8% increase from last year and 42% higher than the previous quarter, indicating strong cash generation capabilities.
EPS Growth Guidance: 5. Positive EPS Growth Guidance: For Q4 2024, Linde initiated EPS guidance in the range of $3.86 to $3.96, representing an 8% to 10% growth compared to the prior year.
Negative
Industrial Market Decline: 1. Declining Industrial Activity: Industrial-related end markets have declined 1% to 2% sequentially from the second quarter, reflecting ongoing economic weakness.
Cost-Cutting Measures: 2. Workforce Reduction: A $150 million net restructuring charge was incurred due to a 2% workforce reduction, indicating cost-cutting measures in response to weaker volumes.
Stagnant Demand Challenges: 3. Weak Volume Growth: Despite a 2% increase in organic sales, volumes remained flat as growth from project backlog was offset by weaker base volumes, highlighting stagnation in demand.
EPS Guidance Reduction: 4. Reduced EPS Guidance: The top end of the EPS guidance for the fourth quarter was reduced by $0.10 from the prior quarter, reflecting updated economic assumptions from neutral to contraction.
Cautious Economic Forecast: 5. Negative Economic Outlook: The company anticipates continued economic contraction in Q4, with no sufficient indicators of near-term improvement, indicating a cautious outlook for the future.
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LIN Earning Call Sentiment
Linde plc (LIN) Q3 2024 Earnings Call Transcript
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00:00
00:00
LIN.N
0.05%Positive
The earnings call presents mixed signals: strong financial performance with increased sales, operating profit, and shareholder returns, but offset by macroeconomic pressures, regulatory uncertainty, and flat industrial production levels. The Q&A reveals concerns about regional pressures, particularly in Europe and China, and unclear management responses about future investments. Despite positive EPS growth and shareholder returns, the lack of clear guidance on investments and economic contractions tempers optimism. The neutral sentiment reflects a balance between solid financials and external uncertainties.