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Jun 30, 2020
Lincoln Electric Q2 2020 Earnings Report
Lincoln Electric's financial performance declined due to lower organic sales, but profitability was maintained through cost management.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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