Lincoln Electric Q2 2024: sales down 3.7% to $1.02B; adjusted EPS $2.34 vs $2.44

LINCOLN ELECTRIC HOLDINGS INC

2024-Q2 EPS reported $3.91 revenue$2,002,880,000

Net sales $1,022M (-3.7% YoY); organic sales down 4.4%, acquisitions added 1.2%.
GAAP EPS $1.77 (incl. $0.57 special charges); adjusted EPS $2.34 vs $2.44 prior year.
Adjusted operating margin 17.4% flat YoY; operating income $148.8M vs $178.0M.
Cash from operations $171M; returned $91M to shareholders via dividends and buybacks.
Issued $550M senior notes (weighted avg rate 5.2%); new $1B revolving credit facility.

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