Company: LIN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021379
Chunk: 77

Company: LINDE PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 77
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 based on operating profit, excluding items not indicative of ongoing business trends. The reported amounts are GAAP amounts from the Consolidated Statement of Income.

Quarter Ended March 31,(Millions of dollars)20252024VarianceSALESAmericas$3,666 $3,560 3 %EMEA2,031 2,091 (3)%APAC1,539 1,591 (3)%Engineering565 539 5 %Other311 319 (3)%Total sales$8,112 $8,100 — %SEGMENT OPERATING PROFITAmericas$1,137 $1,088 5 %EMEA722 687 5 %APAC451 447 1 %Engineering114 100 14 %Other14 19 (26)%Segment operating profit$2,438 $2,341 4 %Reconciliation to reported operating profit:Cost reduction program and other charges(55)— Purchase accounting impacts - Linde AG(199)(246)Total operating profit$2,184 $2,095 

27

Americas

 Quarter Ended March 31,(Millions of dollars)20252024VarianceSales$3,666 $3,560 3 %Operating profit$1,137 $1,088 5 %As a percent of sales31.0 %30.6 %

 Quarter Ended March 31, 2025 vs. 2024 % ChangeFactors Contributing to Changes - SalesVolume1 %Price/Mix3 %Cost pass-through1 %Currency(3)%Acquisitions/divestitures1 %3 %

The Americas segment includes Linde's industrial gases operations in approximately 20 countries including the United States, Canada, Mexico, and Brazil.

Sales

Sales for the Americas segment increased $106 million, or 3%, in the first quarter versus the respective 2024 period. Higher pricing contributed 3% to sales in the quarter. Cost pass-through increased sales by 1% in the first quarter with minimal impact on operating profit. Volumes increased sales by 1% in the first quarter primarily driven by electronics and chemicals & energy end markets including to project start-ups. Acquisitions increased sales by 1% in the first quarter. Currency translation decreased sales by 3% in first quarter, driven primarily by the weakening of the Brazilian real and