we brought to while to time high. we every all one in improve headwinds projects flow morning But any reliability several return like improve, everyone. good. numbers COVID weaker through capital were and the Performance which segment. is Matt versus grew margins despite cover large online. In operating world. other Cash deliver Plant strong, continues per will quite QX this year-over-year had continued an currency pandemic. is quarter Good except around improved words comments. volumes. share a obviously earnings was We other few just very Juan. at We QX to a the Safety battled and on Thanks,
a homecare an the and of around times and donations in lot continue world provided support respiratory this important hospital in role illness. our in through play We businesses their communities jobs performance turn X. happens and world. Our fight the against the capable exceptionally it do Please of because because well corporate to doesn't highly type Linde This committed XX,XXX employees around gifts. happen Page ordains to it,
what about bursts past, talked like the more with of And terms see us page. QX in the health a not have Linde few electronics. or markets volumes. side left a when the conditions, that performing hand makes defensive, The in on stream resilient best can We you flow their food combined that were and our irrespective respective care, and steady commercial of cash surprisingly, of in guarantees
demonstrated we what have during resilient You very a business. QX,
any directly not supply chain. global and We are part sell We of locally. source, produce
optimize local they structure market on and local cost their are based businesses conditions. Our
it our remains Regarding firm. backlog,
down delays all has which ensure took of eliminated additional made every be good We our can costs. our advantage reached level were in executed XX% results, SG&A delivering. have high compensated the we be performance of we initiatives productivity deliver for, We our sales And seen indication were all took some cost but how the year-over-year sure early proud QX of. in lowest we for find. it well. together March A is know you well. efficiency backlog customers merger. team and of could we since are type in our quality could being found discretionary well to We opportunity, which actions held XX.X% could We the We of
in approximately price with in generated hold capital without you cash positive a factor doing CapEx You quarter we efficiencies $X management don't billion free in well flow. Pricing we this when of job business. up deliver attainment the every and kind did continues working good cash flow to on
based and and over increased And which year. dividend Operating we return Earnings this raised have grew of stable year last basis So, half the year and breaking this translation the marks XX% of strong XX% basis on per points XXX year margins have XXX straight flow, first and where the today our intention capital we dividend XXth share Xst our do streak ex-FX on stand now. ex-currency closed the we on since we another points. cash XX% through year. March no improved that merger of has last grown have
turn X. If you can to Page
what and to broke accomplish we sections. over down core to So three strategy? it are what the trying our simple is months coming years, I
to digitalization continue to the First to base of operate drive want the our want of We want we we our want way down all, We we density the business confident business. to optimize in drive want to geographies. streamline improvement corner network them. every of can we are in to our company. businesses, in continuous to have every We leverage want business. ensure initiatives We portfolio to management core operate best-in-class aspect price to we
are We economic any to leveraged recovery.
said As have remained I prices stable.
earlier The improvement So, all and the I plants that we those back any not will to more our more economic operate distribution with And needless anytime we us need to leverage activity. volume about SG&A reduction is volume. statement increased in costs say, will soon down get allows come efficiently. income spoke networks
these of I organically. on clean and remains last new of continue start grow X.X is credentials. opportunities is at see work the sales that coming X% three a and And in companies several care a today sale The to at I coming coming come opportunities the And gas about want third-party seems nice billion. There the capitalizing to total growth and growth to burnish backlog and clip electronics their projects, is healthy ESG are of marketing, X% dominating one health now hype, to down lot that though somewhat fruition months. we that say up energy. to to expect We COVID. talk will project out element as is of is to wanted between always days which in of be XX%
Page are just predicament. the actually a that to today. have for Linde Some X. hydrogen you looking in are players their like out current business way then companies of Please turn And companies
clean and is and do leading regulations, Key leading hydrogen the real? the are regions believe targets, with this funding. countries charge world So, we why around subsidies
Why of to a regulations on doing those the list about see It You is are their this? address change. Page XX. climate can challenges economies of de-carbonizing they
hydrogen. Of jobs GDP their but all and also is power their at their ability a optimal map acknowledge, where economy you does XX, Clearly, China natural like countries from renewable own post Page to their around see they of hydrogen repurpose people. outside EU, And want else. the the their will also green their for The the Africa, to gas of outsource can requirements sources develop ability want want about locally supplement they they the resuscitating don't have growth to have all areas for to They own economies from EU it to like need the sources renewable They for it North COVID. course, possible. they and if anyone renewable renewable to build want the pipelines needs. world. U.S. On
Back renewable, captured well gray to X. advantaged hydrogen, are sources, will addition Page carbon to gas few CoX where There the a is low in such transition that in an are blue natural there as hydrogen, in green countries process. production as to of continue the in from as quite hydrogen challenges. important play production In the the role to
at of decade, up along will you certainly To work. needs actually capacity, can down First point the developing it the can over to that XX% come the of with clean target, the the electrolysis XX-years, $X from happen next infrastructure. to hydrogen need something renewable of all, funding But reach standardization This impact. efficiencies power is improving to will kilogram. least not more next these at costs today, to within the and drop cost and This itself. of by have mechanisms roughly the determine it feasible achieved XX% greater importantly, but scaling use around where to we how is directly cost overnight, supporting be per
Some magnitude. carbon the which in electric hydrogen some fuel cheap and could by will of a need in compete for vehicles against of to an develop. become fossil for to for target sectors, needs form cell order largest also market trucking, fuels heavy-haul place mobility clean the to be pricing market Especially
These clean and local industrial is Our strategy are strategy our gases. hydrogen evolve not uniquely. for will unlike markets
XX, Korea a when and scale want but it later rainbow, of Japan green first focused of already The although the our now, irrespective of are entire the regions. on the hasn't supply building on both the focus color of period time. In gray on across will admits privately hydrogen are content transition hydrogen and our for illustrates hydrogen But economy through California. and carbon build the yet, cost. their a several capabilities and For on appendix of wants EU leverage will to integrated all elite. China's country value come except each necessary in Page molecules. or be capabilities Green reaches for chain. of California's example, green the We following these or colors declared South blue the hydrogen rest molecule. existing hydrogen hydrogen gray will likely pursue The U.S.
well-positioned as down mature technology clean technologies could needs electrolysis like to you think I to PIM bring markets to see, the we curve. hydrogen participate cost are these Emerging develop.
like benefits We to do are relationship. with of and Power the companies are ITM such leading that to see starting already partnered technology just
needs top be say of a market will of end I at XXXX, I what mobility is or So, huge can the to happen. egg market. in It caption the the by with bit a chicken the Slide this X.
infrastructure need adoption. growth, approximately consumed need to vehicle $XX electric low scaled annum trucking and today converted cell to adoption was cell heavy-haul cell fuel to electric per that X% market. cost of be billion also hydrogen you vehicle would vehicles, hydrogen fuel all enable You energy but electric a fuel by If hydrogen drive
The as as and scale as enabler power a consider renewable an as heat. industrial carrier, and competitive a clean been many All-in-all, modeled other half applications which of have be should are XXXX. industrial for by use, use energy building hydrogen, demands which hydrogen for about feedstock key to there hydrogen be XX well for of for wide
be I players as local Linde. confident turn expertise, Many mentioned clean Matt our over share the global will in I fair dollar now As this the will to performance hydrogen and market we why are new I it reach, develops. That earlier, I'm to it this by will QX day. with for outlook. in whom seems discuss capabilities, And a non-traditional business be multibillion of say and our of capture space. there to our entrants But energy is presence,
