Company: LIN
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001628280-25-037164
Chunk: 96

Company: LINDE PLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 96
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%18.1 %

 Quarter Ended June 30, 2025 vs. 2024Six Months Ended June 30, 2025 vs. 2024 % Change% ChangeFactors Contributing to Changes - SalesCurrency3 %— %Other(2)%3 %1 %3 %

Sales 

Engineering segment sales increased $7 million, or 1%, in the second quarter and increased $33 million, or 3%, for the six months ended June 30, 2025, as compared to the respective 2024 periods. The increase in the quarter was primarily driven by currency translation, which increased sales by 3% in the quarter due to the strengthening of the Euro against the U.S. dollar and was flat year to date. The increase in the year-to-date period was primarily driven by project timing.

Operating profit 

Engineering segment operating profit decreased $6 million, or 6%, in the second quarter and increased $8 million, or 4%, for the six months ended June 30, 2025 as compared to the respective 2024 periods primarily driven by project timing.

Other

 Quarter Ended June 30,Six Months Ended June 30,(Millions of dollars)20252024Variance20252024VarianceSales$315 $320 (2)%$626 $639 (2)%Operating profit (loss)$(13)$(11)(18)%$1 $8 (88)%As a percent of sales(4.1)%(3.4)%0.2 %1.3 %

32

 Quarter Ended June 30, 2025 vs. 2024Six Months Ended June 30, 2025 vs. 2024 % Change% ChangeFactors Contributing to Changes - SalesVolume/price(3)%(2)%Cost pass-through— %— %Currency1 %— %Acquisitions/divestitures— %— %(2)%(2)%

Other consists of corporate costs and a few smaller businesses including Linde Advanced Material Technologies (LAMT) and global helium wholesale, which individually do not meet the quantitative thresholds for separate presentation. 

Sales 

Sales for Other decreased $5 million, or 2%, for the second quarter and decreased $13 million, or 2% for the six months ended June 30, 2025, versus the respective 2024 periods. Underlying