Lincoln Electric Q2 2020 Earnings Report
Key Takeaways
Lincoln Electric reported a decrease in net sales by 24.0% to $590.7 million, driven by a 24.8% decrease in organic sales. Net income was $27.0 million, or $0.45 EPS, while adjusted net income was $48.0 million, or $0.80 EPS. The company focused on cost reduction, expecting $55 to $65 million in benefits for the year, and maintained a strong cash flow and balance sheet.
Net sales decreased by 24.0% due to lower organic sales.
Operating income margin was 6.7%, and adjusted operating income margin was 10.7%.
Reported EPS was $0.45, while adjusted EPS was $0.80.
The company generated strong cash flow and maintained a solid balance sheet.
Lincoln Electric
Lincoln Electric
Lincoln Electric Revenue by Segment
Forward Guidance
Lincoln Electric expects to generate $55 to $65 million in realized cost savings in 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income