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Mar 31, 2024
Lincoln Electric Q1 2024 Earnings Report
Lincoln Electric reported record first quarter earnings and cash flow despite slower sales, driven by strong execution and effective cost management.
Key Takeaways
Lincoln Electric reported a decrease in net sales by 5.6% to $981 million, reflecting a 6.1% decrease in organic sales. Despite the sales decrease, the company achieved record first quarter earnings with a net income of $123.4 million, or $2.14 EPS, and adjusted EPS of $2.23. Operating income margin was 16.8%, with an adjusted operating income margin of 17.5%.
Net sales of $981 million
Operating income margin of 16.8%; Adjusted operating income margin of 17.5%
Record EPS of $2.14; record Adjusted EPS of $2.23
Cash flows from operations increase 8% to record $133 million
Revenue by Segment
Forward Guidance
No forward guidance was provided in the report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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