Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 95

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 95
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 approximately 20 countries including the United States, Canada, Mexico, and Brazil.

Sales

Sales for the Americas segment increased $228 million, or 6%, in the third quarter and $491 million, or 5%, for the nine months ended September 30, 2025 versus the respective 2024 periods. Higher pricing contributed 3% to sales in the third quarter and 3% year to date. Cost pass-through increased sales by 2% in both the quarter and year-to-date periods, with minimal impact on operating profit. Volumes increased sales by 1% in both the quarter and year-to-date periods, primarily driven by electronics and metals and mining end markets including project start-ups. Acquisitions were flat in the quarter and increased sales by 1% year to date. Currency translation was flat in the third quarter and decreased sales by 2% year to date, driven primarily by the weakening of the Brazilian real and Mexican peso against the U.S. dollar. 

Operating profit 

Operating profit in the Americas segment increased $46 million, or 4%, in the third quarter and $145 million, or 4%, for the nine months ended September 30, 2025 versus the respective 2024 period, driven primarily by higher pricing and continued productivity initiatives, which more than offset cost inflation. 2024 included a settlement gain with a supplier, recognized during the third quarter.

EMEA

 Quarter Ended September 30,Nine Months Ended September 30,(Millions of dollars)20252024Variance20252024VarianceSales$2,178 $2,111 3 %$6,371 $6,293 1 %Operating profit$781 $703 11 %$2,283 $2,094 9 %As a percent of sales35.9 %33.3 %35.8 %33.3 %

30

 Quarter Ended September 30, 2025 vs. 2024Nine Months Ended September 30, 2025 vs. 2024% Change% ChangeFactors Contributing to Changes - SalesVolume(3)%(4)%Price/Mix2 %2 %Cost pass-through(1)%— %Currency5 %3 %Acquisitions/divestitures— %— %3 %1 %

The EMEA segment includes Linde's industrial gases operations in approximately 45 European, Middle Eastern and African countries