Dec 31, 2021

Lincoln Electric Q4 2021 Earnings Report

Reported record sales and adjusted EPS, navigating a challenging operating environment.

Key Takeaways

Lincoln Electric reported a strong fourth quarter and full year 2021, achieving record sales and adjusted EPS. The company's net sales increased by 21.7% to $844.3 million, driven by higher organic sales and acquisitions. EPS increased to $1.25, and adjusted EPS reached a record $1.61.

Net sales increased 21.7% to a record $844.3 million with 19.0% higher organic sales.

Operating income margin was 14.3%, while adjusted operating income margin was 14.5%.

EPS increased 15.7% to $1.25, and adjusted EPS increased 29.8% to a record $1.61.

The company is raising its 2025 Higher Standard strategy growth and profitability goals.

Total Revenue
$844M
Previous year: $694M
+21.7%
EPS
$1.61
Previous year: $1.24
+29.8%
Operating Margin
14.3%
Previous year: 12%
+19.2%
Adjusted Operating Margin
14.5%
Previous year: 13.4%
+8.2%
Gross Profit
$273M
Previous year: $229M
+18.9%
Cash and Equivalents
$193K
Previous year: $257M
-99.9%
Total Assets
$2.59M
Previous year: $2.31B
-99.9%

Lincoln Electric

Lincoln Electric

Lincoln Electric Revenue by Segment

Forward Guidance

Looking ahead, the company is well-positioned to capitalize on growth opportunities as conditions improve and capital investments accelerate, and are raising our 2025 Higher Standard strategy growth and profitability goals to reflect the superior value we will generate through this cycle.

Revenue & Expenses

Visualization of income flow from segment revenue to net income