Linde plc Provides Earnings Guidance for the Third Quarter and Full Year of 2022
July 28, 2022 at 09:00 am EDT
Share
Linde plc provided earnings guidance for the third quarter and full year of 2022. For the third quarter, the company expects a guidance range of $2.85 to $2.95 representing year-over-year growth of 4% to 8% or 10% to 14% when excluding an estimated 6% FX headwind.
For the Full-year, the company expects EPS guidance range of $11.73 to $11.93 is 10% to 12% above the prior year or 15% to 17% when excluding the negative 5% currency impact. This range was increased from last quarter since improved business performance more than offset the larger FX translation headwind. Irrespective of the geopolitical landscape, will relentlessly take actions to improve the business and outperform expectations.
Linde plc is one of the world's leading engineering and industrial gas production groups. Net sales break down by activity as follows:
- production and sale of industrial gases (86.3%). Net sales break down by market between chemicals and energy (25%), manufacturing (19%), healthcare (16%), metals and mining (14%), food and beverage (10%), electronics (9%) and other (7%);
- surface engineering services (8.3%);
- other (5.4%).
Net sales are distributed geographically as follows: the United Kingdom (5.9%), the United States (31.6%), Germany (11%), China (7.9%), Australia (4.1%), Brazil (3.5%) and other (36%).