Linde said sales for Q1 2025 were $8,112 million, flat versus prior year. Higher pricing contributed 2% to sales, currency translation decreased sales by 3%, and volumes decreased sales by 1%.

1. 01

   Linde said sales for Q1 2025 were $8,112 million, flat versus prior year. Higher pricing contributed 2% to sales, currency translation decreased sales by 3%, and volumes decreased sales by 1%.

2. 02

   The company said reported operating profit for Q1 2025 was $2,184 million, or 26.9% of sales, 4% above prior year, and diluted EPS was $3.51. Adjusted operating profit was $2,438 million and adjusted EPS was $3.95.

3. 03

   Linde said net cash provided by operating activities for the 3 months ended March 31, 2025 was $2,161 million, $207 million higher than 2024, or 11% above prior year. It cited higher adjusted net income and lower net working capital requirements as factors.

4. 04

   The company said capital expenditures for the 3 months ended March 31, 2025 were $1,270 million, $222 million higher than prior year. As of March 31, Linde's sale of gas backlog of large projects under construction was approximately $7.0 billion, representing the total estimated capital cost of large plants under construction.

Key figures

Quarter ended March 31, 2025

Revenue

$8.1B

Operating income

$2.2B

Net income

$1.7B

EPS

$3.51

Operating cash flow

$2.2B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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