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Mar 31, 2023
Lincoln Electric Q1 2023 Earnings Report
Lincoln Electric's first quarter performance was marked by record sales and adjusted earnings per share, driven by strong demand in Americas Welding and solid operational execution.
Key Takeaways
Lincoln Electric reported a 12.3% increase in sales to $1,039 million. EPS was reported at $2.09 and adjusted EPS at $2.13. The company's performance was driven by strong demand in Americas Welding and solid operational performance across all segments.
Net sales increased 12.3% to a record $1,039 million with organic sales up 8.5%.
Operating income margin was 15.8%, with an adjusted operating income margin of 16.3%.
EPS reached $2.09, and adjusted EPS was $2.13.
Cash flows from operations increased 188% to a record $124 million.
Lincoln Electric
Lincoln Electric
Lincoln Electric Revenue by Segment
Revenue by Segment
Americas Welding Revenue
CapyFin.comInternational Welding Revenue
CapyFin.comThe Harris Products Group Revenue
CapyFin.com Forward Guidance
Company has strong momentum heading into the second quarter, including high backlog levels and record automation orders, position us well to continue to drive higher results this year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income