Company: LIN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021379
Chunk: 53

Company: LINDE PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 53
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, 2025 and 2024. The reported amounts are GAAP amounts from the Consolidated Statement of Income. The adjusted amounts are intended to supplement investors' understanding of the company's financial information and are not a substitute for GAAP measures:

  Quarter Ended March 31,(Millions of dollars, except per share data)20252024VarianceSales$8,112 $8,100 — %Cost of sales, exclusive of depreciation and amortization$4,157 $4,216 (1)%As a percent of sales51.2 %52.0 %Selling, general and administrative$786 $860 (9)%As a percent of sales9.7 %10.6 %Depreciation and amortization$910 $949 (4)%Cost reduction program and other charges$55 $— NAOther income (expense) - net$18 $58 (69)%Operating profit$2,184 $2,095 4 %Operating margin26.9 %25.9 %Interest expense - net$60 $65 (8)%Net pension and OPEB cost (benefit), excluding service cost$(56)$(50)12 %Effective tax rate23.4 %22.3 %Income from equity investments$38 $48 (21)%Noncontrolling interests$(34)$(38)(11)%Net Income – Linde plc$1,673 $1,627 3 %Diluted earnings per share$3.51 $3.35 5 %Diluted shares outstanding476,262 485,592 (2)%Number of employees65,069 66,195 (2)%Adjusted Amounts (a)Operating profit$2,438 $2,341 4 %Operating margin30.1 %28.9 %Effective tax rate23.5 %22.7 %Net Income – Linde plc$1,880 $1,821 3 %Diluted earnings per share$3.95 $3.75 5 %Other Financial Data (a)EBITDA$3,132 $3,092 1 %As percent of sales38.6 %38.2 %Adjusted EBITDA$3,213 $3,116 3 %As percent of sales39.6 %