![]() In addition, Linde repurchased $4.6 billion of stock, net of issuances.Ĭommenting on the financial results and business outlook, Chief Executive Officer Steve Angel said, "2021 was another successful year for the company thanks to the extraordinary work of our employees worldwide. The company invested $3.1 billion in capital expenditures and paid dividends of $2.2 billion. In 2021, Linde generated strong operating cash flow of $9.7 billion, up 31% versus prior year. Diluted earnings per share were $7.32 and adjusted diluted earnings per share were $10.69, up 30% versus prior year. Operating profit margin was 23.3% of sales, 200 basis points higher versus 2020, or 270 basis points higher when excluding the effects of cost pass-through. Operating profit was $5.0 billion and adjusted operating profit was $7.2 billion, 24% above prior year. Compared to prior year, underlying sales increased 11% from 3% price attainment and 8% higher volumes, mostly from the electronics, chemicals and energy end markets. During the quarter, the company returned $1,891 million to shareholders through dividends and stock repurchases, net of issuances.įor full-year 2021, sales were $30.8 billion, 13% above 2020. After capital expenditures of $839 million, free cash flow was $2,394 million, up 70% versus prior year. ![]() Excluding the effects of cost pass-through, adjusted operating margins expanded 120 basis points versus prior year.įourth-quarter operating cash flow of $3,233 million increased 33% versus prior year and 26% sequentially. Adjusted operating profit of $1,841 million was up 14% versus prior year led by higher price, strong volumes and continued productivity initiatives across all segments. Sequentially, underlying sales increased 2%, led by higher price across all geographic segments.įourth-quarter operating profit was $1,337 million. Compared to prior year, underlying sales increased 9% from 3% price attainment and 6% higher volumes, mostly from the electronics, chemicals and energy end markets. Linde's sales for the fourth quarter were $8,298 million, 14% above prior year and 8% sequentially. Adjusted earnings per share was $2.77, 20% above prior year and 1% higher sequentially. Excluding Linde AG purchase accounting impacts and other charges, adjusted income from continuing operations was $1,431 million, up 18% versus prior year and 1% sequentially. Guildford, UK, FebruLinde plc (NYSE: LIN FWB: LIN) today reported fourth-quarter 2021 income from continuing operations of $1,024 million and diluted earnings per share of $1.98, up 33% and 37% respectively. First-quarter 2022 adjusted EPS guidance $2.70 - $2.80, represents 11%-15% growth ex.
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