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Core Insights - Lincoln Electric's first quarterly earnings report of 2025 showed a mixed performance, with the company missing analyst profitability estimates, leading to a stock price decline of over 4% [1] - The company's net sales exceeded $1 billion, reflecting a 2% year-over-year improvement, surpassing analyst projections [2] - Non-GAAP net income fell to just under $122 million, or $2.16 per share, down from nearly $129 million a year ago, while analysts had expected $2.24 per share [3] Sales Performance - Lincoln Electric's net sales for the quarter were slightly over $1 billion, marking a 2% increase compared to the previous year [2] - The sales figure was higher than the average analyst projection, which was slightly below $976 million [2] Profitability Analysis - The company's non-GAAP net income decreased to just under $122 million from almost $129 million year-over-year [3] - Analysts had anticipated a higher profit of $2.24 per share, indicating a shortfall in expected profitability [3] Growth Drivers - Management attributed the sales increase primarily to recent acquisitions, including the purchase of Vanair Manufacturing, a mobile power solutions maker [4] - The specific price of the acquisition has not been disclosed [4] - Excluding acquisitions, Lincoln Electric's organic sales experienced a decline of over 1% year-over-year [4] Investor Sentiment - Investors are generally cautious when a company's growth is primarily driven by acquisitions rather than organic growth [5] - There is a concern that Lincoln Electric's core offerings may not be performing strongly in the market [5] - Moving forward, management will need to demonstrate growth from existing operations rather than relying on acquisitions [5]

Lincoln Electric (LECO) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Amanda Butler - VP, IR & CommunicationsSteven Hedlund - Chair, President and Chief Executive OfficerGabriel Bruno - EVP, CFO & TreasurerSaree Boroditsky - Senior Vice PresidentStefan Diaz - Vice President, Equity ResearchChristian Zyla - Senior Associate Equity ResearchChristopher Dankert - SVP - Equity Research Conference Call Participants Bryan Blair - Managing Director & Senior Research AnalystMircea Dobre - Ass ...

Lincoln Electric (LECO) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Speaker0 Greetings, and welcome to the Lincoln Electric twenty twenty five First Quarter Financial Results Conference Call. All lines have been placed on mute and this call is being recorded. It is my pleasure to introduce your host, Amanda Butler, Vice President of Investor Relations and Communications. Thank you. You may begin. Speaker1 Thank you, Celine, and good morning, everyone. Welcome to Lincoln Electric's first quarter twenty ...

Lincoln Electric Holdings (LECO) came out with quarterly earnings of $2.16 per share, missing the Zacks Consensus Estimate of $2.22 per share. This compares to earnings of $2.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.70%. A quarter ago, it was expected that this manufacturer of specialized welding products and other equipment would post earnings of $2 per share when it actually produced earnings of $2.57, deliverin ...

Financial Performance - Net sales for the three months ended March 31, 2025, were $1,004,388, representing a 2.4% increase from $981,197 in the same period of 2024[80]. - Gross profit decreased to $365,448, or 36.4% of sales, down from 37.5% in the prior year, primarily due to operational inefficiencies[80][82]. - Operating income was $164,918, or 16.4% of sales, compared to 16.8% in the previous year, with adjusted operating income at 16.9%[80][84]. - Net income for the quarter was $118,487, a decrease of 4.0% from $123,415 in 2024, resulting in diluted earnings per share of $2.10[80][90]. - Adjusted EBIT for the consolidated company was $169,889, down 2.2% from $173,676 in the prior year[90]. - Operating income for Q1 2025 was reported at $164,918, a slight decrease from $165,047 in Q1 2024, with adjusted operating income at $169,445, down from $171,414[92]. - Net income for Q1 2025 was $118,487, compared to $123,415 in Q1 2024, while adjusted net income decreased to $121,856 from $128,656[92]. Segment Performance - The Americas Welding segment reported net sales of $653,107, a 4.6% increase, while International Welding saw a decline of 7.1% to $219,061[86][90]. - The Harris Products Group experienced a 9.0% increase in net sales to $132,220, driven by effective cost management[90]. Cash Flow and Capital Expenditures - Cash provided by operating activities increased to $185,693 in Q1 2025, up by $52,399 from $133,294 in Q1 2024[97]. - The company had $394,705 in cash and cash equivalents as of March 31, 2025, with $4,391 in outstanding borrowings under its $1,031,457 revolving credit facilities[93]. - Anticipated capital expenditures for 2025 are projected to be between $100,000 and $120,000, aimed at increasing capacity and improving operational effectiveness[98]. Tax and Financial Ratios - The effective tax rate increased to 22.7% for the three months ended March 31, 2025, compared to 22.2% in the same period of 2024[80][85]. - The effective tax rate as reported was 22.7% for Q1 2025, slightly higher than 22.2% in Q1 2024, with an adjusted effective tax rate of 22.8%[92]. - The company reported a return on invested capital (ROIC) of 19.1% for the twelve months ended March 31, 2025, down from 23.9% in the previous year[107]. - Average operating working capital to net sales ratio was 17.8% as of March 31, 2025, compared to 18.8% a year earlier[102]. Strategic Initiatives - The company faced a decrease in organic sales due to softer demand, partially offset by acquisitions[81]. - The company continues to monitor trade negotiations and their potential impact on business operations following U.S. tariffs on imported goods[78]. - The company continues to explore global expansion and acquisitions, with operational cash flow expected to fund these initiatives[96]. - The company has a share repurchase program authorized for up to 10 million shares, with 6.2 million shares available for repurchase as of March 31, 2025[103].

April 30, 2025 LINCOLN ELECTRIC HOLDINGS, INC. Q1 2025 Earnings Safe Harbor and Regulation G Disclosures Forward-Looking Statements: Statements made during this presentation which are not historical facts may be considered forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied. Forward-looking statements generally can be identified by the use of words such as "may," "will," "expect, ...

Investor Relations: Amanda Butler (216) 383-2534 Amanda_Butler@lincolnelectric.com Exhibit 99.1 LINCOLN ELECTRIC REPORTS FIRST QUARTER 2025 RESULTS First Quarter 2025 Highlights CLEVELAND, Wednesday, April 30, 2025 - 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 prior year period net ...

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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or DOCUMENTS INCORPORATED BY REFERENCE Part III of this Annual Report on Form 10-K incorporates by reference certain information from the registrant's definitive proxy statement with respect to the registrant's 2025 Annual Meeting of Shareholders. Table of Contents PART I ITEM 1. ...