Linde plc has announced impressive first-quarter 2022 results, reporting adjusted earnings of $2.93 per share and revenues of $8.21 billion, both surpassing analyst forecasts. This marks the company's fourth consecutive quarter of beating earnings expectations, driven by a 13% sales growth, particularly in the Americas and EMEA segments. While navigating challenges related to projects in Russia, Linde maintains a robust financial position with $4.5 billion in cash and equivalent reserves, and projects full-year adjusted earnings per share between $11.65 and $11.90.
“Linde plc · is set to report · first-quarter 2022 results · Apr 28”
“Linde · has beaten · the Zacks Consensus Estimate for earnings · four reported quarters”
“Linde · came out with quarterly earnings of · per share · $2.93”
“Linde · beat the Zacks Consensus Estimate of · per share · $2.78”
“Linde · posted revenues of · for the quarter ended March 2022 · $8.21 billion”
“Linde · surpassed the Zacks Consensus Estimate by · revenue · 1.88%”
“Linde's industrial gas business · generated · approximately 1% of consolidated Linde sales · from Russia”
“As of March 31, 2022, Linde has · approximately · $2 billion · recorded in contract liabilities related to engineering projects in Russia”
“Linde continues to monitor the situation · and has taken steps to ensure · the safety of its employees · and the continuous delivery of critical medical oxygen”
“Linde has suspended · all business development for · new projects in Russia”
“Linde plc · announced · first-quarter 2022 adjusted earnings from continuing operations · $2.93 per share”
“Operating profit of Linde in the Americas segment · was up · year over year · 13.7%”