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10-Q - LINDE PLC (0001707925) (Filer)

Thu, Oct 31, 2:19 PM (5 days ago)

For the third quarter ended September 30, 2024, Linde plc (LIN) reported sales of $8,356 million, a 2% increase from the prior year, driven by higher pricing despite flat volumes. Operating profit rose 2% to $2,086 million, with a margin of 25.0%, supported by productivity initiatives that offset cost inflation and charges related to a cost reduction program totaling $145 million. Net income for Linde plc was $1,550 million, slightly down from $1,565 million in Q3 2023, while diluted EPS increased to $3.22. Cash flow from operations was $6,614 million, reflecting a modest increase driven by net income adjustments, despite higher working capital needs. Capital expenditures reached $3,247 million, primarily for plant expansions. Total debt rose to $22,262 million, with a cash balance of $5,187 million, providing a solid liquidity position. Linde faces uncertainties from currency fluctuations and ongoing legal matters, particularly in Russia. The company continues to focus on strategic growth through pricing power and operational efficiency amidst market challenges.