Lincoln Electric Holdings, Inc. (LECO) reported fourth-quarter 2024 adjusted earnings of $2.57 per share, beating the Zacks Consensus Estimate of $2.00. This marked a 4.9% year-over-year increase.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Including one-time items, the bottom line was $2.47 per share compared with $2.70 in the year-ago quarter.Total revenues fell 3.4% year over year to $1.02 billion. The downside in revenues can be attributed to a 7.5% fall in organic sales and a ...

Financial Data and Key Metrics Changes - The company achieved $4 billion in net sales for the full year, reflecting a 6.5% decline in organic sales but record profitability with a 17.6% adjusted operating income margin [9][10] - Adjusted earnings per share reached $9.29, with a strong cash flow generation of over 90% cash conversion [11][30] - Fourth-quarter sales declined 3% to $1.022 billion, primarily due to an 8.5% decrease in volumes, while pricing increased by 1% [18][20] Business Line Data and Key Metrics Changes - The automation portfolio generated $911 million in sales, on track to meet the $1 billion target for 2025 [10] - Americas Welding sales remained steady, with adjusted EBIT increasing 2% to $132 million, despite a 7% decline in volumes [25][26] - International Welding sales declined approximately 17%, with adjusted EBIT compressing 24% on lower sales [27][28] - Harris Products Group saw a 11% increase in sales, with adjusted EBIT rising 42% to $22 million [29] Market Data and Key Metrics Changes - Fourth-quarter organic sales performance reflected softer manufacturing activity across most end markets, particularly from large OEMs [15] - Retail channels continued to grow, while industrial distribution in the Americas showed resilience compared to a low double-digit decline in direct OEM sales [16] Company Strategy and Development Direction - The company is focused on achieving or exceeding targets across financial and sustainability metrics under its higher standard 2025 strategy [12] - The management emphasized a balanced capital allocation strategy, investing over $1.3 billion in growth while returning approximately $1.6 billion to shareholders [14] - The company plans to capitalize on growth opportunities and drive margin expansion in 2025, despite a cautious outlook for low single-digit sales growth [34][39] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing challenges from deferred capital spending and manufacturing weakness but expressed optimism about a potential pickup in automation projects serving the automotive industry [15][17] - The company is preparing for low single-digit sales growth in 2025, with expectations of pressure on volumes in the first half of the year [34][36] - Management highlighted the importance of agility in navigating potential impacts from trade policies and tariffs [63][94] Other Important Information - The company achieved a 23% increase in returns to shareholders through a higher dividend payout rate and $264 million in share repurchases [11] - Cash flows from operations were $96 million for the fourth quarter and $599 million for the full year, with a 91% cash conversion ratio [30] Q&A Session Summary Question: Insights on welding business and competitive dynamics - Management highlighted differences in business models, particularly in automation, and noted that while organic growth has lagged competitors, they do not believe they are losing market share [43][50] Question: Guidance for first-quarter organic sales by segment - Management expects more pressure on volumes in the first half of the year, with low single-digit declines anticipated [51][52] Question: Outlook for organic sales growth by end markets - Management provided a high-level overview, indicating continued pressure in various sectors, including automotive and heavy industries, with expectations for some recovery later in the year [54][60] Question: Impact of tariffs on demand and customer sentiment - Management noted that customers are also awaiting clarity on tariff policies, which adds uncertainty to demand forecasts [92][94] Question: Automation order trends and growth expectations - Management indicated that long-cycle projects in automation are beginning to see renewed interest from existing customers, which is encouraging for future growth [70][112] Question: Cost savings and their impact on future demand - Management discussed permanent cost actions that will structurally shape the business and improve operating margins, while also noting temporary cost savings during the current down cycle [72][75]

February 13, 2025 LINCOLN ELECTRIC HOLDINGS, INC. Q4 & Full Year 2024 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," " ...

Lincoln Electric surpassed analyst expectations in Q4 2024 with impressive EPS results, but faced challenges in organic sales.Lincoln Electric (LECO 11.19%), a provider of welding equipment and automation solutions, recently released its earnings for the fourth quarter of 2024 on Feb. 13, 2025. Key highlights included an adjusted earnings per share (EPS) of $2.57, significantly outpacing the analyst consensus of $1.99. Revenue stood at $1,022 million, exceeding expectations of $992 million yet showing a dec ...

Lincoln Electric Holdings (LECO) reported $1.02 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 3.5%. EPS of $2.57 for the same period compares to $2.45 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $995.94 million, representing a surprise of +2.62%. The company delivered an EPS surprise of +28.50%, with the consensus EPS estimate being $2.00.While investors scrutinize revenue and earnings changes year-over-year and how they comp ...

Lincoln Electric Holdings (LECO) came out with quarterly earnings of $2.57 per share, beating the Zacks Consensus Estimate of $2 per share. This compares to earnings of $2.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.50%. A quarter ago, it was expected that this manufacturer of specialized welding products and other equipment would post earnings of $2.05 per share when it actually produced earnings of $2.14, deliverin ...

Exhibit 99.1 Investor Relations: Amanda Butler (216) 383-2534 Amanda_Butler@lincolnelectric.com LINCOLN ELECTRIC REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS Fourth Quarter 2024 Highlights Full Year 2024 Highlights CLEVELAND, Thursday, February 13, 2025 - Lincoln 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 E ...

The upcoming report from Lincoln Electric Holdings (LECO) is expected to reveal quarterly earnings of $2 per share, indicating a decline of 18.4% compared to the year-ago period. Analysts forecast revenues of $995.94 million, representing a decrease of 5.9% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Bef ...

Lincoln Electric (NASDAQ: LECO ) has a rich history dating back to 1895, but seems to be pushing the envelope in welding technology and industrial solutions. LECO’s product lineup is as diverse as it is innovative. What’sAs a value investor with over a decade of market experience, I've discovered that success in equity markets comes not from supernatural trading abilities, but from finding an investment approach that aligns with one's personality and analytical strengths. My Investment Philosophy: I'm a rea ...

The market expects Lincoln Electric Holdings (LECO) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected ...