Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 73

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 73
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 offset by acquisitions. In the nine months ended September 30, 2025, operating profit increased $13 million, or 1%, driven primarily by productivity initiatives and acquisitions, partially offset by cost inflation, lower volumes, and currency translation. 

Engineering

 Quarter Ended September 30,Nine Months Ended September 30,(Millions of dollars)20252024Variance20252024VarianceSales$519 $611 (15)%$1,635 $1,694 (3)%Operating profit$101 $108 (6)%$305 $304 — %As a percent of sales19.5 %17.7 %18.7 %17.9 %

 Quarter Ended September 30, 2025 vs. 2024Nine Months Ended September 30, 2025 vs. 2024 % Change% ChangeFactors Contributing to Changes - SalesCurrency4 %2 %Other(19)%(5)%(15)%(3)%

Sales 

Engineering segment sales decreased $92 million, or 15%, in the third quarter and decreased $59 million, or 3%, for the nine months ended September 30, 2025, as compared to the respective 2024 periods, driven by project timing. Currency translation increased sales by 4% in the quarter and increased sales by 2% in the year-to-date period, primarily due to the strengthening of the Euro against the U.S. dollar.

Operating profit 

Engineering segment operating profit decreased $7 million, or 6%, in the third quarter primarily driven by project timing, partially offset by currency translation impacts and was flat for the nine months ended September 30, 2025, as compared to the respective 2024 periods.

Other

 Quarter Ended September 30,Nine Months Ended September 30,(Millions of dollars)20252024Variance20252024VarianceSales$331 $300 10 %$957 $939 2 %Operating profit (loss)$(13)$16 (181)%$(12)$24 (150)%As a percent of sales(3.9)%5.3 %(1.3)%2.6 %

32

 Quarter Ended September 30, 2025 vs. 2024Nine Months Ended September 30, 2025 vs. 2024 % Change% ChangeFactors Contributing to Changes -