Lincoln Electric reports record Q3 sales of $935.2M, EPS $1.87, and announces $427M acquisition of Fori Automation

LINCOLN ELECTRIC HOLDINGS INC

2022-Q3 EPS reported $6.17 revenue$2,830,277,000

Record Q3 net sales $935.2M (+16% YoY); organic sales up 21.3%.
GAAP EPS $1.87 vs $0.53; Adjusted EPS $2.04 (+31% YoY).
Operating margin 15.2% (adj. 16.4%) vs 14.3% prior year; ROIC up 930bps to 26.8%.
Board approves 14.3% dividend increase to $0.64/share quarterly ($2.56 annual), payable Jan 13, 2023.
Enters definitive agreement to acquire Fori Automation for $427M cash; expected close Q4 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LINCOLN ELECTRIC HOLDINGS INC reported the quarter ended September 30, 2022 results: revenue $935.2 million, net income $109.2 million, EPS $1.87.

Period: the quarter ended September 30, 2022
Revenue: $935.2 million
Net income: $109.2 million
EPS: $1.87
Result: reported results

Exact text from the filing

(216) 383-2534 Amanda_Butler@lincolnelectric.com LINCOLN ELECTRIC REPORTS THIRD QUARTER 2022 RESULTS Third Quarter 2022 Highlights ◾ Net sales increase 16% to record $935.2 million on 21% higher organic sales ◾ Operating income margin of 15.2% and Adjusted operating income margin of 16.4% ◾ EPS increases 253% to record $1.87; Adjusted EPS increases 31%

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Source: SEC EDGAR

accession 0000059527-22-000031

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