Business
Lincoln Electric Reports Fourth Quarter and Full Year 2024 Results
Fourth Quarter 2024 Highlights Net sales of $1,022 million Operating income margin of 17.3%; Adjusted operating income margin of 18.2% EPS of $2.47; Adjusted
About this update from Lincoln Electric Holdings, Inc.
[{"type":"text","content":"\nFourth Quarter 2024 Highlights\n\n\n\nNet sales of $1,022 million\n\n\n\n\nOperating income margin of 17.3%; Adjusted operating income margin of 18.2%\n\n\n\n\nEPS of $2.47; Adjusted EPS of $2.57\n\n\n\nFull Year 2024 Highlights\n\n\n\nNet sales of $4.0 billion\n\n\n\n\nOperating income margin of 15.9%; Adjusted operating income margin of 17.6%\n\n\n\n\nEPS of $8.15; Adjusted EPS of $9.29\n\n\n\n\nCash flows from operations of $599 million\n\n\n\n\nReturned $426 million to shareholders through dividends and share repurchases\n\n\n\n CLEVELAND--(BUSINESS WIRE)--\nLincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported fourth quarter 2024 net income of $140.2 million, or diluted earnings per share (EPS) of $2.47, which included special item after-tax net charges of $5.8 million, or $0.10 EPS. This compares with prior year period net income of $156.6 million, or $2.70 EPS, which included special item after-tax net gains of $14.6 million, or $0.25 EPS. Excluding special items, fourth quarter 2024 adjusted net income was $146.0 million, or $2.57 adjusted EPS. This compares with adjusted net income of $142.0 million, or $2.45 adjusted EPS, in the prior year period.\n\n\nFourth quarter 2024 sales decreased 3.4% to $1,022.0 million reflecting a 7.5% decrease in organic sales and 1.1% unfavorable foreign exchange, partially offset by a 5.2% benefit from acquisitions. Operating income for the fourth quarter 2024 was $177.0 million, or 17.3% of sales, as compared with operating income of $204.0 million, or 19.3% of sales, in the prior year period. Excluding special items, adjusted operating income was $185.6 million, or 18.2% of sales, as compared with $182.1 million, or 17.2% of sales, in the prior year period.\n\n\n“We are pleased with fourth quarter and full year operating profit margin and earnings performance despite challenging industrial sector demand as diligent price/cost management, strong execution of our cost saving actions and operational improvements advanced performance towards our 2025 Higher Standard Strategy goals,” stated Steven B. Hedlund, Chair, President and Chief Executive Officer. “Our focus on serving customers, driving employee engagement, and investing in long-term growth positions us well to capitalize on the next growth cycle and deliver superior value for our stakeholders.”\n\n\nTwelve ...