Thu, May 1, 2:23 PM (12 days ago)
### Linde PLC (LIN) Q1 2025 Financial Summary **Financial Health and Performance:** - **Revenue:** $8,112 million, flat year-over-year (YoY) due to higher pricing (+2%), cost pass-through (+1%), and acquisitions (+1%), offset by currency translation (-3%) and volume declines (-1%). - **Operating Profit:** $2,184 million, up 4% YoY, driven by higher pricing and productivity, offset by cost inflation and currency impacts. - **Net Income:** $1,673 million, up 3% YoY, primarily due to higher operating profit. - **EPS:** $3.51, up 5% YoY, driven by higher net income and lower diluted shares outstanding. **Profit Margins:** - **Operating Margin:** 26.9%, up from 25.9% YoY. - **Net Margin:** 20.6%, up from 20.1% YoY. **Cash Flow:** - **Operating Cash Flow:** $2,161 million, up 11% YoY, driven by higher net income and lower working capital requirements. - **Capital Expenditures:** $1,270 million, up 21% YoY, primarily for new plant and production equipment. - **Free Cash Flow:** $891 million, up 14% YoY. **Segment Performance:** - **Americas:** Sales up 3% YoY, operating profit up 5% YoY, driven by higher pricing and productivity. - **EMEA:** Sales down 3% YoY, operating profit up 5% YoY, driven by higher pricing and productivity. - **APAC:** Sales down 3% YoY, operating profit up 1% YoY, driven by productivity initiatives. - **Engineering:** Sales up 5% YoY, operating profit up 14% YoY, driven by project timing. **Uncertainties and Future Operations:** - **Legal Proceedings:** Ongoing legal issues in Brazil, Germany, and Russia may impact future financial performance. - **Currency Fluctuations:** Continued volatility in major currencies may affect revenue and profitability. - **Economic Conditions:** Global economic trends and trade conflicts may impact demand and pricing. **Outlook:** - Linde expects to continue focusing on productivity initiatives, pricing strategies, and strategic investments to drive future growth. - The company remains committed to maintaining strong liquidity and financial flexibility.