Linde said its sales for Q2 2024 were $8,267 million, up $63 million from the prior year. The company attributed the increase to price attainment of 3% and engineering growth of 1%, with volumes flat, currency translation reducing sales by 2% and cost pass-through reducing sales by 1%.

10-QQuarterly reportFiled Aug 2, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

Linde said its sales for Q2 2024 were $8,267 million, up $63 million from the prior year. The company attributed the increase to price attainment of 3% and engineering growth of 1%, with volumes flat, currency translation reducing sales by 2% and cost pass-through reducing sales by 1%.
The company said operating profit for Q2 rose 9% to $2,184 million, or 26.4% of sales, and adjusted operating profit rose 6% to $2,422 million, or 29.3% of sales. It said higher pricing and productivity initiatives more than offset cost inflation and currency translation.
The company said operating cash flow for the 6 months ended June 2024 was $3,883 million, down $175 million (4%) from the prior year. Capital expenditures for the same period were $2,181 million, $493 million higher, and the company cited investments in new plant and production equipment for backlog growth requirements.
The company said cash provided by debt for the 6 months ended June 2024 was $2,535 million, and that it issued euro-denominated notes in February and June. Over the same period, net purchases of ordinary shares were $2,460 million and cash dividends were $1,334 million.

Key figures

Quarter ended June 30, 2024

Revenue: $8.3B
Operating income: $2.2B
Net income: $1.7B
EPS: $3.44

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Linde Q2 sales of $8,267 million, driven by pricing and volumes

Linde said its sales for Q2 2024 were $8,267 million, up $63 million from the prior year. The company attributed the increase to price attainment of 3% and engineering growth of 1%, with volumes flat, currency translation reducing sales by 2% and cost pass-through reducing sales by 1%.

Source · Based on the MD&A text of the filing

Linde Q2 operating profit of $2,184 million, adjusted $2,422 million

The company said operating profit for Q2 rose 9% to $2,184 million, or 26.4% of sales, and adjusted operating profit rose 6% to $2,422 million, or 29.3% of sales. It said higher pricing and productivity initiatives more than offset cost inflation and currency translation.

Source · Based on the MD&A text of the filing

Linde Operating Cash Flow $3,883 million in 6 Months; Capex $2,181 million

The company said operating cash flow for the 6 months ended June 2024 was $3,883 million, down $175 million (4%) from the prior year. Capital expenditures for the same period were $2,181 million, $493 million higher, and the company cited investments in new plant and production equipment for backlog growth requirements.

Source · Based on the MD&A text of the filing

Linde 6-Month Financing: Euro Bond Issuance and Share Buybacks $2,460 million

The company said cash provided by debt for the 6 months ended June 2024 was $2,535 million, and that it issued euro-denominated notes in February and June. Over the same period, net purchases of ordinary shares were $2,460 million and cash dividends were $1,334 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗