earnings
confidence high
sentiment positive
materiality 0.80
Lincoln Electric Q2 net sales up 12% to record $1.22B; adjusted EPS $2.93 vs $2.60 YoY
LINCOLN ELECTRIC HOLDINGS INC
- Net sales record $1,219.7M, +12.0% YoY; organic sales +10.1%.
- Adjusted EPS $2.93 vs $2.60 YoY; GAAP EPS $2.88 vs $2.56.
- Operating income margin 18.1% (adjusted 18.4%) vs 17.6% (adjusted 17.9%) YoY.
- Cash from operations $254M, 138% cash conversion; returned $120M to shareholders.
- Six-month sales +11.9% to $2,341.1M; adjusted EPS $5.43 vs $4.76.