Company: LIN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021379
Chunk: 59

Company: LINDE PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 59
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,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 Mexican peso against the U.S. dollar. 

Operating profit 

Operating profit in the Americas segment increased $49 million, or 5%, in the first quarter versus the respective 2024 period, driven primarily by higher pricing and continued productivity initiatives, which more than offset cost inflation and currency translation.    

EMEA

 Quarter Ended March 31,(Millions of dollars)20252024VarianceSales$2,031 $2,091 (3)%Operating profit$722 $687 5 %As a percent of sales35.5 %32.9 %

28

 Quarter Ended March 31, 2025 vs. 2024% ChangeFactors Contributing to Changes - SalesVolume(3)%Price/Mix2 %Cost pass-through1 %Currency(3)%Acquisitions/divestitures— %(3)%

The EMEA segment includes Linde's industrial gases operations in approximately 45 European, Middle Eastern and African countries including Germany, United Kingdom, France, the Republic of South Africa and Sweden.  

Sales 

EMEA segment sales decreased $60 million, or 3%, in the first quarter compared to the respective 2024 period. Higher price attainment increased sales by 2% in the quarter. Cost