Company: LIN
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001628280-25-037164
Chunk: 62

Company: LINDE PLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 62
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)%64,842 65,987 (2)%Adjusted Amounts (a)Operating profit$2,556 $2,422 6 %$4,994 $4,763 5 %Operating margin30.1 %29.3 %30.1 %29.1 %Effective tax rate24.3 %23.5 %23.9 %23.1 %Net Income – Linde plc$1,937 $1,859 4 %$3,817 $3,680 4 %Diluted earnings per share$4.09 $3.85 6 %$8.04 $7.60 6 %Other Financial Data (a)EBITDA$3,329 $3,187 4 %$6,461 $6,279 3 %As percent of sales39.2 %38.6 %38.9 %38.4 %Adjusted EBITDA$3,351 $3,206 5 %$6,564 $6,322 4 %As percent of sales39.4 %38.8 %39.5 %38.6 %

(a)Adjusted Amounts and Other Financial Data are non-GAAP performance measures. A reconciliation of reported amounts to adjusted amounts can be found in the "Non-GAAP Measures and Reconciliations" section of this MD&A. 

Reported 

In the second quarter of 2025, Linde's sales were $8,495 million, 3% above the prior year. Sales grew 2% from higher price attainment. Cost pass-through, representing the contractual billing of energy cost variances primarily to onsite customers, increased sales by 1% in the quarter, with minimal impact on operating profit. Acquisitions increased sales by 1% in the second quarter. Engineering sales and currency translation were flat in the quarter. Volumes decreased sales by 1% in the quarter versus the 2024 respective period, as base volume declines were partially offset by new project start-ups.

Reported operating profit for the second quarter of 2025 was $2,354 million, or 27.7% of sales, 8% above the prior year. The reported year-over-year increase was primarily driven by higher pricing and productivity initiatives, which more than offset adverse impacts from cost inflation and lower volumes. The