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BRIEF-Linde FY Operating Profit At $3.3 Bln

· 02/05/2021 06:05
BRIEF-Linde FY Operating Profit At $3.3 Bln

- LINDE PLC LIN.N:

  • LINDE REPORTS FULL-YEAR AND FOURTH-QUARTER 2020 RESULTS (EARNINGS RELEASE TABLES ATTACHED)

  • Q4 SALES 7.272 BILLION USD

  • Q4 OPERATING PROFIT 1.029 BILLION USD

  • FIRST-QUARTER 2021 ADJUSTED EPS GUIDANCE $2.20 - $2.25, REPRESENTS 16% - 19% GROWTH

  • FULL-YEAR 2021 ADJUSTED EPS GUIDANCE $9.10 - $9.30, REPRESENTS 11% - 13% GROWTH

  • INCREASED ANNUAL DIVIDEND 10% AND ANNOUNCED NEW $5 BILLION SHARE REPURCHASE PROGRAM

  • FY SALES WERE $27.2 BILLION, 3% BELOW 2019

  • FY OPERATING PROFIT WAS $3.3 BILLION AND ADJUSTED OPERATING PROFIT WAS $5.8 BILLION

  • FY VOLUME DECREASED 2% AS GROWTH FROM PROJECT START-UPS WAS MORE THAN OFFSET BY GLOBAL MACROECONOMIC SLOWDOWN AS A RESULT OF COVID-19 PANDEMIC

  • OUTLOOK 2021: EXPECTS ADJUSTED DILUTED EARNINGS PER SHARE TO BE IN RANGE OF $9.10 TO $9.30, UP 11% TO 13% VERSUS PRIOR YEAR AND 10% TO 12% WHEN EXCLUDING ESTIMATED CURRENCY TAILWINDS

  • LINDE'S CEO SAYS I HAVE CONFIDENCE IN OUR ABILITY TO GROW EPS DOUBLE-DIGIT PERCENT IRRESPECTIVE OF MACRO ENVIRONMENT WHILE ALSO LEVERAGING ANY ECONOMIC RECOVERY

Source text for Eikon: ID:nEQ80bLnQa

Further company coverage: LIN.N


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