Lincoln Electric Q2 2023 Earnings Report
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.
Lincoln Electric
Lincoln Electric
Lincoln Electric 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