Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 61

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 61
---
 may not be comparable to similar definitions used by other companies and are not a substitute for similar GAAP measures. 

The non-GAAP measures and reconciliations are separately included in a later section in the MD&A titled "Non-GAAP Measures and Reconciliations."

24

Consolidated Results 

The following table provides summary information for the quarters and nine months ended September 30, 2025 and 2024. The reported amounts are GAAP amounts from the Consolidated Statement of Income. The adjusted amounts are intended to supplement investors' understanding of the company's financial information and are not a substitute for GAAP measures:

  Quarter Ended September 30,Nine Months Ended September 30,(Millions of dollars, except per share data)20252024Variance20252024VarianceSales$8,615 $8,356 3 %$25,222 $24,723 2 %Cost of sales, exclusive of depreciation and amortization$4,379 $4,356 1 %$12,842 $12,823 — %As a percent of sales50.8 %52.1 %50.9 %51.9 %Selling, general and administrative$897 $823 9 %$2,553 $2,523 1 %As a percent of sales10.4 %9.8 %10.1 %10.2 %Depreciation and amortization$961 $960 — %$2,813 $2,867 (2)%Cost reduction program and other charges$(11)$145 (108)%$44 $145 (70)%Other income (expense) - net$14 $51 (73)%$47 $111 (58)%Operating profit$2,367 $2,086 13 %$6,905 $6,365 8 %Operating margin27.5 %25.0 %27.4 %25.7 %Interest expense - net$64 $68 (6)%$191 $203 (6)%Net pension and OPEB cost (benefit), excluding service cost$(57)$(45)27 %$(172)$(144)19 %Effective tax rate18.0 %24.1 %21.9 %23.3 %Income from equity investments