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Sep 30, 2023
Lincoln Electric Q3 2023 Earnings Report
Net sales increased, operating income margin and adjusted operating income margin were up, and EPS and adjusted EPS reached record levels.
Key Takeaways
Lincoln Electric reported a strong third quarter with record sales, profit, earnings, and cash flow performance. Net sales increased by 10.5% to $1,033 million, driven by acquisitions and organic growth. The operating income margin was 16.6%, and the adjusted operating income margin reached a record 17.7%. EPS was $2.22, and adjusted EPS was $2.40.
Net sales increased 10.5% to record $1,033 million
Operating income margin of 16.6%; Record adjusted operating income margin of 17.7%
Record EPS of $2.22; Record adjusted EPS of $2.40
Cash flows from operations increase 71% to record $223 million with 141% cash conversion
Revenue by Segment
Forward Guidance
Given the resilience of key end markets, strong October order rates, and a high backlog of fourth quarter automation shipments, the company expects to maintain strong sales performance through year-end.
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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