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Sep 30, 2024
Lincoln Electric Q3 2024 Earnings Report
Lincoln Electric's Q3 2024 performance reflected resilience through strategic initiatives and cost management, despite a decrease in sales.
Key Takeaways
Lincoln Electric reported a decrease in net sales by 4.8% to $983.8 million, with a net income of $100.8 million, or $1.77 EPS. The results reflect a decrease in organic sales, offset by benefits from acquisitions. Operating income margin was 14.8%, with an adjusted operating income margin of 17.3%.
Net sales reached $984 million.
Operating income margin was 14.8%, with adjusted operating income margin at 17.3%.
EPS was reported at $1.77, with adjusted EPS at $2.14.
Cash flows from operations amounted to $199 million, achieving 134% cash conversion.
Lincoln Electric
Lincoln Electric
Lincoln Electric Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the current report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income