Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 70

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 70
---
 operating profit$2,558 $2,477 3 %$7,552 $7,240 4 %Reconciliation to reported operating profit:Cost reduction program and other charges11 (145)(44)(145)Purchase accounting impacts - Linde AG (a)(202)(246)(603)(730)Total operating profit$2,367 $2,086 $6,905 $6,365 

(a)To adjust for purchase accounting impacts related to the merger.

29

Americas

 Quarter Ended September 30,Nine Months Ended September 30,(Millions of dollars)20252024Variance20252024VarianceSales$3,846 $3,618 6 %$11,324 $10,833 5 %Operating profit$1,199 $1,153 4 %$3,545 $3,400 4 %As a percent of sales31.2 %31.9 %31.3 %31.4 %

 Quarter Ended September 30, 2025 vs. 2024Nine Months Ended September 30, 2025 vs. 2024 % Change% ChangeFactors Contributing to Changes - SalesVolume1 %1 %Price/Mix3 %3 %Cost pass-through2 %2 %Currency— %(2)%Acquisitions/divestitures— %1 %6 %5 %

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 $228 million, or 6%, in the third quarter and $491 million, or 5%, for the nine months ended September 30, 2025 versus the respective 2024 periods. Higher pricing contributed 3% to sales in the third quarter and 3% year to date. Cost pass-through increased sales by 2% in both the quarter and year-to-date periods, with minimal impact on operating profit. Volumes increased sales by 1% in both the quarter and year-to-date periods, primarily driven by electronics and metals and mining end markets including project start-ups. Acquisitions were flat in the quarter and increased sales by 1% year to date. Currency translation was flat in the third quarter and decreased sales by 2% year to date, driven primarily by the weakening of the