| Imagery Source: Mergr |
| Information Source: Lincoln Electric Holdings, Inc |
| First Quarter 2025 Highlights |
- Net sales of $1,004 million
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- Operating income margin of 16.4%; Adjusted operating income margin of 16.9%
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- EPS of $2.10; Adjusted EPS of $2.16
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- Recorded first quarter cash flows from operations of $186 million and a 130% cash conversion
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- Returned $150 million to shareholders through dividends and share repurchases
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| Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported first quarter 2025 net income of $118.5 million, or diluted earnings per share (EPS) of $2.10, which included special item after-tax net charges of $3.4 million, or $0.06 EPS. This compares with the prior year period net income of $123.4 million, or $2.14 EPS, which included special item after-tax net charges of $5.2 million, or $0.09 EPS. Excluding special items, first quarter 2025 adjusted net income was $121.9 million, or $2.16 adjusted EPS. This compares with adjusted net income of $128.7 million, or $2.23 adjusted EPS, in the prior year period. |
| First quarter 2025 sales increased 2.4% to $1,004.4 million, reflecting a 4.9% benefit from acquisitions, partially offset by a 1.2% decrease in organic sales and 1.3% unfavourable foreign exchange. Operating income for the first quarter of 2025 was $164.9 million, or 16.4% of sales, as compared with operating income of $165 million, or 16.8% of sales, in the prior year period. Excluding special items, adjusted operating income was $169.4 million, or 16.9% of sales, as compared with $171.4 million, or 17.5% of sales, in the prior year period. |
| “We continued to execute well in the quarter with solid core operating results,” said Steven B. Hedlund, Chair, President and Chief Executive Officer. “We are continuing to invest in the business and are focused on integrating our acquisitions to expand growth and margin performance, while diligently managing costs and maintaining a cautious posture during this portion of the cycle.” Hedlund concluded, “Our action plans, strong balance sheet and record cash flow generation position us well to navigate this dynamic period and continue to generate long-term value for our shareholders.” |
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| Lincoln Electric Holdings, Inc |
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