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Mar 31, 2021
Lincoln Electric Q1 2021 Earnings Report
Reported record first quarter earnings, driven by strategic initiatives, cost reduction, and end market recovery.
Key Takeaways
Lincoln Electric reported a 7.8% increase in net sales to $757.0 million and a net income of $74.2 million, or $1.23 EPS, for the first quarter of 2021. Adjusted EPS increased by 37.0% to $1.37.
Net sales increased 7.8% to $757.0 million with a 6.4% increase in organic sales.
Operating income margin was 13.7%, and adjusted operating income margin was 14.4%.
EPS increased 35.2% to $1.23, and adjusted EPS increased 37.0% to $1.37.
The company is focused on growth, agility, and cost management to deliver long-term value.
Lincoln Electric
Lincoln Electric
Lincoln Electric Revenue by Segment
Forward Guidance
Lincoln Electric is well-positioned to capitalize on growth through innovation, new products, acquisitions and our leading automation portfolio.
Revenue & Expenses
Visualization of income flow from segment revenue to net income