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Sep 30, 2020
Lincoln Electric Q3 2020 Earnings Report
Reported a decrease in net sales, but improved demand and cost management resulted in solid profitability.
Key Takeaways
Lincoln Electric reported a decrease in net sales by 8.5% to $668.9 million, driven by an 8.3% decrease in organic sales and 0.2% unfavorable foreign exchange. Despite the sales decline, the company achieved an operating income margin of 11.6% and an adjusted operating income margin of 12.6%. Net income was $58.5 million, or $0.97 per share, while adjusted EPS was $1.10.
Net sales declined by 8.5% due to lower organic sales.
Operating income margin was 11.6%, with an adjusted operating income margin of 12.6%.
EPS was $0.97, and adjusted EPS was $1.10.
The company experienced solid cash flow generation with 117% cash conversion.
Revenue by Segment
Forward Guidance
Lincoln Electric is well-positioned to maximize growth and is focused on increasing profitability and returns to generate long-term value for its shareholders.
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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