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BRIEF-Linde Q2 Adjusted Operating Profit Up 8% At $2 Bln

BRIEF-Linde Q2 Adjusted Operating Profit Up 8% At $2 Bln

Reuters · 07/28/2022 06:10
BRIEF-Linde Q2 Adjusted Operating Profit Up 8% At $2 Bln

- LINDE PLC LIN:

  • REPORTS SECOND-QUARTER 2022 RESULTS (EARNINGS RELEASE TABLES ATTACHED)

  • Q2 SALES $8.5 BILLION, UP 12% VERSUS PRIOR-YEAR QUARTER

  • Q2 OPERATING PROFIT $0.6 BILLION; ADJUSTED OPERATING PROFIT $2.0 BILLION, UP 8%

  • INCREASED FULL-YEAR 2022 ADJUSTED EPS GUIDANCE TO $11.73 - $11.93, REPRESENTS 10% TO 12% GROWTH YEAR-OVER-YEAR, 15% TO 17% EX. FX

  • Q2 EPS $0.74; ADJUSTED EPS $3.10, UP 15%

  • Q2 OPERATING CASH FLOW OF $2.1 BILLION, UP 17% VERSUS PRIOR-YEAR QUARTER

  • FOR Q3 OF 2022, LINDE EXPECTS ADJUSTED DILUTED EARNINGS PER SHARE IN RANGE OF $2.85 TO $2.95, UP 4% TO 8% VERSUS PRIOR-YEAR QUARTER

  • FOR FULL YEAR 2022, COMPANY EXPECTS ADJUSTED DILUTED EARNINGS PER SHARE TO BE IN RANGE OF $11.73 TO $11.93, UP 10% TO 12% VERSUS PRIOR YEAR OR 15% TO 17% EXCLUDING CURRENCY HEADWIND

  • THIS GUIDANCE ASSUMES A CURRENCY HEADWIND OF 6% YEAR-OVER-YEAR AND 3% SEQUENTIALLY

  • FULL-YEAR CAPITAL EXPENDITURES ARE EXPECTED TO BE IN RANGE OF $3.0 BILLION TO $3.4 BILLION TO SUPPORT GROWTH AND MAINTENANCE REQUIREMENTS INCLUDING $3.6 BILLION CONTRACTUAL SALE OF GAS PROJECT BACKLOG

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