NASDAQ$LECO

Lincoln Electric Holdings Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported record first quarter earnings, driven by strategic initiatives, cost reduction, and end market recovery.

Lincoln Electric reported a 7.8% increase in net sales to $757.0 million and a net income of $74.2 million, or $1.23 EPS, for the first quarter of 2021. Adjusted EPS increased by 37.0% to $1.37.

  • Net sales increased 7.8% to $757.0 million with a 6.4% increase in organic sales.
  • Operating income margin was 13.7%, and adjusted operating income margin was 14.4%.
  • EPS increased 35.2% to $1.23, and adjusted EPS increased 37.0% to $1.37.
  • The company is focused on growth, agility, and cost management to deliver long-term value.

Headline financials

Total Revenue

$757M

Previous: $702M+7.8%
EPS (adj)

$1.37

Previous: $1.00+37.0%
Operating Margin

13.7%

Previous: 11.5%+19.1%
Adjusted Operating Margin

14.4%

Previous: 12.6%+14.3%
Free Cash Flow

$74.2M

Previous: $55.6M+33.5%
Net Income

$74.2M

Previous: $55.6M+33.5%
Operating Income

$104M

Previous: $81.1M+28.2%
Gross Profit

$254M

Previous: $237M+6.9%
Cash & Equivalents

$242M

Previous: $163M+48.2%
Total Assets

$2.36B

Previous: $2.31B+2.4%
Stock-Based Comp

$6.4M

Previous: $3.69M+73.4%

Revenue & EPS history

Lincoln Electric · Revenue · Quarterly

$757M

Q1 2021+7.8%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Lincoln Electric · $757M total across 3 segments · Q1 2021

  • Americas Welding
    $425M+1.6%
  • International Welding
    $223M+12.7%
  • Harris Products Group
    $109M+27.1%

Forward guidance

Lincoln Electric is well-positioned to capitalize on growth through innovation, new products, acquisitions and our leading automation portfolio.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.2%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.8%

Avg return

30 days after

50%

34 / 68 earnings

Positive

+12.5%

Q3 2012

Best reaction

-10.3%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%+3.6%+0.4%
Q4 2025+1.9%-1.1%-11.0%
Q3 2025+0.8%-4.0%+2.1%
Q1 2025-4.2%-0.7%+5.2%
Q4 2024+10.2%+11.8%-1.8%
Q3 2024+2.3%+3.3%+10.8%
Q2 2024-6.0%-9.8%-8.4%
Q1 2024-3.2%-7.6%-14.8%
Q4 2023+7.9%+6.7%+7.3%
Q3 2023+3.8%+4.8%+16.5%
Q2 2023-2.4%-1.9%-8.6%
Q1 2023+7.5%+9.1%+11.3%
Q4 2022-6.9%-5.9%-7.1%
Q3 2022+1.8%+3.3%+7.7%
Q2 2022+5.8%+3.8%+5.4%
Q1 2022+5.0%+5.3%+5.9%
Q4 2021-3.2%-2.1%-3.5%
Q3 2021-1.1%+0.1%-2.6%
Q2 2021-0.4%+1.6%+0.7%
Q1 2021+2.7%+0.9%+1.7%
Q4 2020+0.2%-1.8%+6.2%
Q3 2020-2.6%-0.9%+11.2%
Q2 2020-1.2%-1.2%+6.3%
Q1 2020+6.5%+1.1%+13.0%
Q4 2019-2.2%-3.6%-19.6%
Q3 2019-5.0%-0.3%-2.2%
Q2 2019+5.5%+2.0%-2.7%
Q1 2019-4.6%-4.4%-13.4%
Q4 2018-2.0%-1.9%-6.4%
Q3 2018-1.2%+2.3%+5.3%
Q2 2018-1.6%+0.0%+0.7%
Q1 2018-7.6%-9.1%-3.6%
Q4 2017+4.9%+2.4%+4.7%
Q3 2017-8.2%-7.8%-11.2%
Q2 2017-7.4%-7.2%-8.7%
Q1 2017+4.8%+5.4%+4.9%
Q4 2016+2.4%+2.1%+4.9%
Q3 2016+3.2%+4.3%+19.6%
Q2 2016+1.9%+0.8%+4.2%
Q1 2016+3.0%
Q4 2015-5.7%
Q3 2015+2.5%
Q2 2015+2.6%
Q1 2015+1.8%
Q4 2014-2.9%
Q3 2014+3.5%
Q2 2014+4.9%
Q1 2014-4.4%
Q4 2013+3.8%
Q3 2013+5.2%
Q2 2013-3.5%
Q1 2013+1.8%
Q4 2012+1.9%
Q3 2012+12.5%
Q2 2012-10.3%
Q1 2012+1.8%
Q4 2011+0.1%
Q3 2011-3.3%
Q2 2011-1.8%
Q1 2011-2.1%
Q1 2010-2.1%
Q4 2008-0.4%
Q4 2010-0.4%
Q3 2009+0.3%
Q3 2010+0.3%
Q2 2010-1.1%
Q2 2009-1.1%
Q4 2009-1.1%

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