Lincoln Electric reports record Q3 sales $1.03B, EPS $2.22; raises dividend 11%

LINCOLN ELECTRIC HOLDINGS INC

2023-Q3 EPS reported $6.67 revenue$3,133,122,000

Net sales record $1,033M (+10.5% YoY); organic +0.4%, acquisitions +8.8%, FX +1.2%.
Record adjusted EPS $2.40 (up from $2.04 YoY); GAAP EPS $2.22.
Record adjusted op margin 17.7% (up from 16.4%); operating cash flow $223M (+71%).
Dividend increased 11% to $0.71/qrt ($2.84 annual), payable Jan 12, 2024, record Dec 31, 2023.
CEO cites strong Oct order rates and high automation backlog for expected strong Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LINCOLN ELECTRIC HOLDINGS INC reported the quarter ended September 30, 2023 results: revenue $1,033.2 million, net income $129.3 million, EPS $2.22.

Period: the quarter ended September 30, 2023
Revenue: $1,033.2 million
Net income: $129.3 million
EPS: $2.22
Result: reported results

Exact text from the filing

(216) 383-2534 Amanda_Butler@lincolnelectric.com LINCOLN ELECTRIC REPORTS THIRD QUARTER 2023 RESULTS Third Quarter 2023 Highlights ◾ Net sales increase 10.5% to record $1,033 million ◾ Operating income margin of 16.6%; Record adjusted operating income margin of 17.7% ◾ Record EPS of $2.22; Record adjusted EPS of $2.40 ◾ Cash flows from operations

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

LINCOLN ELECTRIC HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0000059527-23-000032

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.