Lincoln Electric Q3 2023 Earnings Report
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
Lincoln Electric
Lincoln Electric
Lincoln Electric 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