Lincoln Electric Q3 sales down 4.8% to $984M; adj EPS $2.14 vs $2.40; dividend raised 5.6%

LINCOLN ELECTRIC HOLDINGS INC

2024-Q3 EPS reported $5.68 revenue$2,986,639,000

Net sales $983.8M, down 4.8% YoY; organic sales fell 7.7%, acquisition benefit 3.0%.
GAAP EPS $1.77 vs $2.22 prior; adjusted EPS $2.14 vs $2.40 prior.
Operating income margin 14.8% (adj 17.3%) vs 16.6% (adj 17.7%) a year ago.
Quarterly dividend raised 5.6% to $0.75/share, payable Jan 15, 2025 to holders of record Dec 31, 2024.
Operating cash flow $199M, 134% cash conversion; returned $91M via dividends and buybacks.

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