Company: LIN
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007990
Chunk: 124

Company: LINDE PLC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 124
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%Operating profit$4,550 $4,244 7 %As a percent of sales31.5 %29.7 %

2024 vs 2023 % ChangeFactors Contributing to Changes - SalesVolume— %Price/Mix3 %Cost pass-through(1)%Currency(2)%Acquisitions/Divestitures1 %1 %

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 $138 million, or 1%, in 2024 versus 2023. Higher pricing contributed 3% to sales. The impact of net acquisitions increased sales by 1%. Cost past-through decreased sales by 1% with minimal impact 

25

on operating profit. Currency translation decreased sales by 2% driven primarily by the weakening of the Brazilian real and Mexican peso against the U.S. Dollar. Volumes remained flat due base volume declines largely offset by project start-ups.

Operating Profit

Operating profit in the Americas segment increased $306 million, or 7%, in 2024 versus 2023 driven primarily by higher pricing, continued productivity initiatives and a settlement gain with a supplier, which more than offset cost inflation.

EMEA 

(Dollar amounts in millions) VarianceYear Ended December 31,202420232024 vs 2023Sales$8,352 $8,542 (2)%Operating profit$2,780 $2,486 12 %As a percent of sales33.3 %29.1 %

2024 vs 2023 % ChangeFactors Contributing to Changes - SalesVolume(1)%Price/Mix3 %Cost pass-through(4)%Currency— %Acquisitions/Divestitures— %(2)%

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

Sales

EMEA segment sales decreased $190 million, or 2%, in 2024 versus 2023. Cost pass-through decreased sales by 4% with minimal impact on operating profit. Higher price attainment increased sales by 3%. Volumes decreased sales by 1% led by the manufacturing end market. Currency translation was flat.

Operating Profit

Operating Profit for the EMEA segment increased $294 million, or