Linde Reports Third-Quarter 2020 Results (Earnings Release Tables attached)
Linde Reports Third-Quarter 2020 Results
Financial Highlights
- Operating profit margin
14.1% ; adjusted operating profit margin22.1% , up 230 basis points versus prior year - EPS of
$1.32 ; adjusted EPS of$2.15 , up11% - Strong free cash flow of
$1.1 billion , up20% - Increased full-year 2020 adjusted EPS guidance to
$8.05 -$8.10 , represents12% growth year-over-year, ex-FX*
GUILDFORD, UK / ACCESSWIRE / November 5, 2020 / Linde plc (NYSE:LIN)(FWB:LIN) today reported third-quarter 2020 income from continuing operations of
Linde's sales for the third quarter were
Third-quarter operating profit was
Third-quarter operating cash flow of
Commenting on the financial results and business outlook, Chief Executive Officer Steve Angel said, "Linde employees once again delivered a strong quarter with operating profit margins expanding 230 basis points and EPS growing
Angel continued, "Looking ahead, there is significant uncertainty in the environment, but regardless of the underlying economy, I have confidence in our business model and high-performance culture to continue growing earnings and cash flow for years to come."
For the full year, the company expects adjusted diluted earnings per share to be in the range of
Third-Quarter 2020 Results by Segment
Americas sales of
APAC (Asia Pacific) sales of
EMEA (Europe, Middle East & Africa) sales of
Linde Engineering sales were
Earnings Call
A teleconference on Linde's third-quarter 2020 results is being held today at 10:00 am EST.
Live conference call | US Toll-Free Dial-In Number: 1 855 758 5442 Germany Toll-Free Dial-In Number: 0800 181 5287 UK Toll-Free Dial-In Number: 0800 028 8438 Access code: 1760986 |
Live webcast (listen-only) | https://investors.linde.com/events-presentations Short URL: https://t1p.de/i2ho |
Materials to be used in the teleconference are also available on the website.
About Linde
Linde is a leading global industrial gases and engineering company with 2019 sales of
The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.
For more information about the company and its products and services, please visit www.linde.com
Adjusted amounts, free cash flow and return on capital are non-GAAP measures. See the attachments (Earnings release tables: https://eqs-cockpit.com/cgi-bin/fncls.ssp?u=3d41b35a66dda625b59f07cc90516911) for a summary of non-GAAP reconciliations and calculations for adjusted amounts.
Attachments: Summary Non-GAAP Reconciliations, Statements of Income, Balance Sheets, Statements of Cash Flows, Segment Information and Appendix: Non-GAAP Measures and Reconciliations.
*Note: We are providing adjusted earnings per share ("EPS") guidance for 2020. This is a non-GAAP financial measure that represents diluted earnings per share from continuing operations (a GAAP measure) but excludes the impact of certain items that we believe are not representative of our underlying business performance, such as cost reduction and other charges, the impact of potential divestitures or other potentially significant items. Given the uncertainty of timing and magnitude of such items, we cannot provide a reconciliation of the differences between the non-GAAP adjusted EPS guidance and the corresponding GAAP EPS measure without unreasonable effort.
Forward-looking Statements
This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, could, may, plan, project, predict, will, potential, forecast, and similar expressions. They are based on management's reasonable expectations and assumptions as of the date the statements are made but involve risks and uncertainties. These risks and uncertainties include, without limitation: the performance of stock markets generally; developments in worldwide and national economies and other international events and circumstances, including trade conflicts and tariffs; changes in foreign currencies and in interest rates; the cost and availability of electric power, natural gas and other raw materials; the ability to achieve price increases to offset cost increases; catastrophic events including natural disasters, epidemics, pandemics such as COVID-19 and acts of war and terrorism; the ability to attract, hire, and retain qualified personnel; the impact of changes in financial accounting standards; the impact of changes in pension plan liabilities; the impact of tax, environmental, healthcare and other legislation and government regulation in jurisdictions in which the company operates; the cost and outcomes of investigations, litigation and regulatory proceedings; the impact of potential unusual or non-recurring items; continued timely development and market acceptance of new products and applications; the impact of competitive products and pricing; future financial and operating performance of major customers and industries served; the impact of information technology system failures, network disruptions and breaches in data security; and the effectiveness and speed of integrating new acquisitions into the business. These risks and uncertainties may cause actual future results or circumstances to differ materially from accounting principles generally accepted in the United States of America, International Financial Reporting Standards or adjusted projections, estimates or other forward-looking statements.
Linde plc assumes no obligation to update or provide revisions to any forward-looking statement in response to changing circumstances. The above listed risks and uncertainties are further described in Item 1A. Risk Factors in Linde plc's Form 10-K for the fiscal year ended December 31, 2019 filed with the SEC on March 2, 2020 and in Item 1A. of Linde plc's Form 10-Q for the period ending March 31, 2020 filed with the SEC on May 7, 2020, which should be reviewed carefully. Please consider Linde plc's forward-looking statements in light of those risks.
Additional features:
File: Q3 2020 Earnings Release Table
SOURCE: Linde plc
View source version on accesswire.com:
https://www.accesswire.com/614684/Linde-Reports-Third-Quarter-2020-Results-Earnings-Release-Tables-attached