Linde (LIN) Revenue — Quarter Ended Mar 31, 2023
Linde's revenue increased sequentially in the first quarter, returning to growth after a decline in the prior quarter. However, revenue was slightly lower compared to the same period last year.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Linde's revenue increased sequentially in the first quarter, returning to growth after a decline in the prior quarter. However, revenue was slightly lower compared to the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.2B
Revenue reported for this quarter.
Quarter-over-quarter
+3.7%
Change from the immediately preceding quarter.
Year-over-year
-0.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$33.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $8.5B | +11.5% |
| Sep 30, 2022 | $8.8B | +14.7% |
| Dec 31, 2022 | $7.9B | -4.8% |
| Mar 31, 2023 | $8.2B | -0.2% |
Revenue performance
Revenue for the quarter moved higher on a sequential basis, reflecting a recovery from the previous quarter's downturn.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew by a moderate percentage. On a year-over-year basis, revenue saw a marginal decline.
What to watch
Watch for whether the year-over-year comparisons improve in upcoming quarters.