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Jun 30, 2023
Lincoln Electric Q2 2023 Earnings Report
Lincoln Electric's Q2 2023 performance was marked by record sales and EPS, driven by organic growth and acquisitions.
Key Takeaways
Lincoln Electric reported a record second quarter with net sales increasing by 9.4% to $1,061 million, driven by organic sales growth and acquisitions. The company achieved a record EPS of $2.36 and adjusted EPS of $2.44. Strong profit performance across all segments reflected an industry-leading portfolio and disciplined cost management.
Net sales increased 9.4% to a record $1,061 million with 4.5% organic sales growth.
Operating income margin was 16.8%, with an adjusted operating income margin of 17.4%.
Record EPS reached $2.36, and adjusted EPS was a record $2.44.
Cash flows from operations increased 102% to a record $199 million.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the release.
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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