Lincoln Electric posts record Q1 EPS of $2.14; sales down 5.6% to $981M

LINCOLN ELECTRIC HOLDINGS INC

2024-Q1 EPS reported $2.14 revenue$981,197,000

Record Q1 diluted EPS of $2.14 (adjusted $2.23) vs $2.09 (adjusted $2.13) a year ago.
Net sales of $981M, down 5.6% (organic -6.1%); operating margin improved to 16.8% (adjusted 17.5%).
Cash from operations rose 8% to a record $133M; returned $152M via dividends and buybacks.
RedViking acquisition helps hit $1B automation sales run rate; strategic growth initiatives continue.
CEO cites strong execution and cost management offsetting slower sales.

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