Company: LIN
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001628280-25-037164
Chunk: 93

Company: LINDE PLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 93
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24Variance20252024VarianceSales$3,812 $3,655 4 %$7,478 $7,215 4 %Operating profit$1,209 $1,159 4 %$2,346 $2,247 4 %As a percent of sales31.7 %31.7 %31.4 %31.1 %

 Quarter Ended June 30, 2025 vs. 2024Six Months Ended June 30, 2025 vs. 2024 % Change% ChangeFactors Contributing to Changes - SalesVolume1 %1 %Price/Mix3 %3 %Cost pass-through1 %2 %Currency(2)%(3)%Acquisitions/divestitures1 %1 %4 %4 %

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 $157 million, or 4%, in the second quarter and increased $263 million, or 4%, for the six months ended June 30, 2025 versus the respective 2024 periods. Higher pricing contributed 3% to sales in both the quarter and year-to-date periods. Cost pass-through increased sales by 1% in the second quarter and increased sales by 2% year to date, with minimal impact on operating profit. Acquisitions increased sales by 1% in both the quarter and year-to-date periods. Volumes increased sales by 1% in both the quarter and year-to-date periods, primarily driven by chemicals & energy end markets including project start-ups. Currency translation decreased sales by 2% in the second quarter and decreased sales by 3% year to date, 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 $50 million, or 4%, in the second quarter and increased $99 million, or 4%, for the six months ended June 30, 2025 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 June 30,Six Months Ended June 30,(Millions of dollars)20252024Variance20252024VarianceSales$2,162