Lincoln Electric Holdings Inc

Latest Results (18.12.2024):

Net Sales and Operating Income

In the third quarter of 2024, Lincoln Electric Holdings Inc. reported net sales of $983.8 million, marking a 4.8% decrease compared to the same period in the previous year. The operating income for this quarter was $145.6 million, representing 14.8% of sales, down from $171.4 million or 16.6% of sales in the prior year period. Adjusted operating income, excluding special items, was $169.8 million, or 17.3% of sales.

Earnings Per Share

Lincoln Electric Holdings Inc. announced diluted earnings per share (EPS) of $1.77 for the third quarter of 2024, which includes special item after-tax net charges of $0.37 per share. This is a decrease from the prior year's EPS of $2.22. Excluding special items, the adjusted EPS for the third quarter of 2024 was $2.14, compared to $2.40 in the previous year.

Net Income

The company reported a net income of $100.8 million for the third quarter of 2024, which includes special item after-tax net charges. This is a decline from the net income of $129.3 million reported in the same quarter of the previous year. Excluding special items, the adjusted net income was $122.4 million, compared to $139.5 million in the prior year period.

Cash Flow and Shareholder Returns

Lincoln Electric Holdings Inc. generated $199 million in cash flows from operations during the third quarter of 2024, achieving a cash conversion rate of 134%. The company returned $91 million to shareholders through dividends and share repurchases during this period.

Dividend Announcement

The Board of Directors of Lincoln Electric Holdings Inc. declared a quarterly cash dividend of $0.75 per share, which represents a 5.6% increase from the previous quarterly dividend. This dividend is payable on January 15, 2025, to shareholders of record as of December 31, 2024.