Linde plc reported a slight increase in revenue for the first quarter of 2025, with sales reaching $8,112 million, up from $8,100 million in the same period last year. The company attributed this growth primarily to a 2% increase in pricing, which was partially offset by a 1% decline in volume and a 3% negative impact from currency translation. Operating profit also saw a 4% increase, rising to $2,184 million from $2,095 million, driven by higher pricing and productivity initiatives that outweighed cost inflation and other charges.
In terms of profitability, Linde's net income for the quarter was $1,673 million, a 3% increase from $1,627 million in the prior year. This resulted in diluted earnings per share of $3.51, up from $3.35. The company reported a decrease in selling, general, and administrative expenses by 9%, reflecting cost reduction efforts. Additionally, the effective tax rate increased slightly to 23.4% from 22.3% due to lower tax benefits from share-based compensation.
Linde's operational metrics showed a decrease in employee headcount, with 65,069 employees as of March 31, 2025, down from 66,195 a year earlier, primarily due to ongoing cost reduction programs. The company also engaged in strategic acquisitions, spending $112 million in the first quarter, which contributed to sales growth. Capital expenditures increased to $1,270 million, reflecting investments in new plant and production equipment to support backlog growth, which is currently estimated at approximately $7 billion.
Geographically, the Americas segment reported a 3% increase in sales, while both the EMEA and APAC segments experienced a 3% decline. The Engineering segment, however, saw a 5% increase in sales, attributed to project timing. Linde's management remains optimistic about future performance, citing ongoing productivity initiatives and pricing strategies as key drivers for growth. The company continues to monitor market conditions and expects to provide further updates on its financial outlook in upcoming earnings releases.
About LINDE PLC
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