Reports Q1 revenue $8.11B, consensus $8.25B. Adjusted operating profit margin 30.1%, up 120 basis points vs prior year. Reports Q1 operating cash flow of $2.2B, up 11% versus prior year. Returned $1.81B to shareholders through dividends and stock repurchases. CEO Sanjiv Lamba said, “While first quarter macroeconomic headwinds largely played out as anticipated, Linde (LIN) employees delivered another resilient performance by expanding operating margins 120 basis points to 30.1%, growing EPS (excluding FX) by 8%, and maintaining industry leading return on capital of 25.7%.”
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