Published on 15 Feb 2024 on GuruFocus.com via Yahoo Finance

Lincoln Electric Holdings Inc (LECO) Posts Record Sales and Earnings in Q4 and Full Year 2023

Net Sales: Increased by 13.7% in Q4 and 11.4% for the full year, reaching $1.1 billion and $4.2 billion respectively.Operating Income Margin: Achieved a record 19.3% in Q4 and 17.1% for the full year.Earnings Per Share (EPS): Record high with $2.70 in Q4 and $9.37 for the full year.Cash Flows: Operations cash flow surged by 74% to a record $668 million with 105% cash conversion.Shareholder Returns: Returned $347 million to shareholders through dividends and share repurchases.

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On February 15, 2024, Lincoln Electric Holdings Inc (NASDAQ:LECO) released its 8-K filing, announcing its financial results for the fourth quarter and full year of 2023. The company, a global leader in welding and cutting products, reported record-breaking sales and earnings, underpinned by robust demand for its solutions and strategic acquisitions.