Lincoln Electric Q2 2023: record sales $1,061M, EPS $2.36, CEO transition announced

LINCOLN ELECTRIC HOLDINGS INC

2023-Q2 EPS reported $4.44 revenue$2,099,908,000

Net sales $1,061M (+9.4% YoY), organic +4.5%, record quarterly sales.
Adjusted operating margin 17.4% vs 17.3% a year ago; adjusted EPS $2.44 (record).
Cash from operations $199M, up 102% YoY; returned $90M to shareholders via dividends & buybacks.
Chairman Mapes confirms year-end CEO transition to Steve Hedlund as President and CEO.
Six-month sales $2,100M (+10.8%); adjusted EPS $4.57 vs $4.29 prior year.

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