Dec 31, 2024

Lincoln Electric Q4 2024 Earnings Report

Key Takeaways

Lincoln Electric reported a 3.4% decline in Q4 revenue due to weaker industrial demand, offset by acquisition growth. Adjusted EPS increased, supported by cost efficiencies.

Total Revenue
$1.02B
Previous year: $1.06B
-3.4%
EPS
$2.57
Previous year: $2.45
+4.9%
Operating Margin
17.3%
Previous year: 19.3%
-10.4%
Adjusted Operating Margin
18.2%
Previous year: 17.2%
+5.8%
Gross Profit
$369M
Previous year: $371M
-0.6%
Cash and Equivalents
$377M
Previous year: $394M
-4.2%
Total Assets
$3.52B
Previous year: $3.38B
+4.2%

Lincoln Electric

Lincoln Electric

Lincoln Electric Revenue by Segment

Forward Guidance

Lincoln Electric remains focused on cost efficiencies and long-term growth through automation and acquisitions.

Positive Outlook

  • Continued cost discipline supporting profitability
  • Growth from acquisitions contributing to revenue
  • Strong focus on automation and welding solutions
  • Operational improvements enhancing margins
  • Healthy balance sheet supporting strategic investments

Challenges Ahead

  • Weaker industrial sector demand impacting organic growth
  • Decline in international welding revenue
  • Foreign exchange headwinds affecting sales
  • Higher interest expenses reducing net income
  • Increased SG&A expenses impacting operating margins

Revenue & Expenses

Visualization of income flow from segment revenue to net income