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Lincoln Electric Holdings (LECO)
NASDAQ:LECO
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.03Last Year’s EPS
$2.45Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -3.81%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong cost management and product innovation despite challenging market conditions and a decline in organic sales. While the company achieved significant cost savings and launched new products, ongoing challenges in key sectors such as automotive and heavy industries persist.Company Guidance
During Lincoln Electric's Q3 2024 earnings call, executives provided guidance that highlighted several key financial metrics and strategic initiatives. The company reported a 17.3% adjusted operating income margin, slightly lower compared to the previous year, but maintained a gross profit margin increase to 35.8%. Despite an 8% decline in organic sales and ongoing macroeconomic uncertainties, the company demonstrated resilience with a 134% cash conversion rate and strong cash generation. Lincoln Electric initiated cost-saving measures expected to yield $40 million to $50 million in annualized savings, with an anticipated quarterly run rate of $10 million to $14 million starting in Q4 2024. Furthermore, the company maintained a balanced capital allocation strategy, investing $136 million in growth and returning $91 million to shareholders. Looking ahead, Lincoln Electric remains cautious about the first quarter of 2025 due to persistent industrial weaknesses, particularly in the automotive sector, which could impact automation sales. However, they remain optimistic about their long-term growth prospects, bolstered by strategic initiatives and a robust pipeline of new product launches.Strong Profit Performance and Cash Generation
The company achieved a strong profit performance with a 134% cash conversion rate and a 17.3% adjusted operating income margin despite challenging market conditions.
Cost Savings Initiatives
Initiated both temporary and permanent cost savings actions expected to generate $40 million to $50 million in annualized savings, with approximately $2 million recognized in the third quarter.
Launch of 35 New Products
Introduced over 35 new products at an industry trade show, marking the largest product launch in five years, with a focus on TIG, laser, plasma, and thermal heating technologies.
Strong Cash Flow and Shareholder Returns
Generated $199 million in cash flows from operations and returned $91 million to shareholders through dividends and share repurchases.
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LECO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LECO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $197.26 | $192.56 | -2.38% |
| Jul 31, 2024 | $210.70 | $204.66 | -2.87% |
| Apr 25, 2024 | $235.84 | $226.23 | -4.07% |
| Feb 15, 2024 | $229.18 | $247.24 | +7.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lincoln Electric Holdings (LECO) report earnings?
Lincoln Electric Holdings (LECO) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Lincoln Electric Holdings (LECO) earnings time?
Lincoln Electric Holdings (LECO) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LECO EPS forecast?
LECO EPS forecast for the fiscal quarter 2024 (Q4) is $2.03.
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