Lincoln Electric Q4 2022 Earnings Report
Key Takeaways
Lincoln Electric reported a strong fourth quarter and full year 2022, with net sales increasing by 10% to a record $930.9 million. The company's EPS increased by 50% to a record $1.87, and adjusted EPS increased by 21% to a record $1.94. The company is focused on achieving its Higher Standard 2025 Strategy targets through growth initiatives, operational excellence programs, and continued investment in its people.
Net sales increased 10% to a record $930.9 million, driven by a 14% increase in organic sales.
Operating income margin was 15.2%, with an adjusted operating income margin of 15.8%.
EPS increased 50% to a record $1.87, and adjusted EPS increased 21% to a record $1.94.
The company completed the acquisition of Fori Automation, LLC on December 1, 2022.
Lincoln Electric
Lincoln Electric
Lincoln Electric Revenue by Segment
Forward Guidance
The company expects organic sales growth and the Fori acquisition will continue to generate superior value for its stakeholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income