Lincoln Electric posts record Q4 sales of $1.1B; EPS $2.70 vs $1.87 YoY

LINCOLN ELECTRIC HOLDINGS INC

2023-FY EPS reported $9.37 revenue$4,191,636,000

Q4 net sales up 13.7% to $1.1B record; organic growth 2.6%, acquisitions added 9.8%.
Record Q4 operating margin 19.3%; adjusted margin 17.2% vs 15.8% prior year.
FY2023 sales $4.2B (+11.4%); adjusted EPS $9.41 vs $8.27; ops cash flow $668M (+74%).
Returned $347M to shareholders via dividends and buybacks in 2023.
CEO Hedlund notes record year as capstone to Chris Mapes' 11-year tenure.

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 0.95

LINCOLN ELECTRIC HOLDINGS INC reported quarter ended December 31, 2023 results: revenue $1.1 billion, net income $156.6 million, EPS $2.70.

Period: quarter ended December 31, 2023
Revenue: $1.1 billion
Net income: $156.6 million
EPS: $2.70
Result: reported results

Exact text from the filing

LINCOLN ELECTRIC REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS Fourth Quarter 2023 Highlights ◾ Net sales increase 13.7% to record $1.1 billion ◾ Record operating income margin of 19.3% and adjusted operating income margin of 17.2% ◾ Record EPS of $2.70 and adjusted EPS of $2.45 Full Year 2023 Highlights ◾ Net

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Source: SEC EDGAR

accession 0000059527-24-000004

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