NASDAQ$LECO

Lincoln Electric Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Lincoln Electric's first quarter performance in 2022 was marked by record sales and earnings growth.

Lincoln Electric reported record first quarter sales of $925.4 million, a 22.2% increase over the prior year, driven by strong organic growth and acquisitions. The company achieved record operating income margin and adjusted EPS, demonstrating resilience despite challenging operating conditions.

  • Net sales increased by 22.2% to a record $925.4 million, with organic sales up by 22.1%.
  • Operating income margin reached a record 17.4%, while adjusted operating income margin was also a record at 17.6%.
  • Earnings per share (EPS) increased by 73.2% to a record $2.13, and adjusted EPS increased by 53.3% to a record $2.10.
  • The company returned $137.9 million to shareholders through dividends and share repurchases.

Headline financials

Total Revenue

$925M

Previous: $757M+22.2%
EPS (adj)

$2.10

Previous: $1.37+53.3%
Operating Margin

17.4%

Previous: 13.7%+27.0%
Adjusted Operating Margin

17.6%

Previous: 14.4%+22.2%
Free Cash Flow

$126M

Previous: $74.2M+69.9%
Net Income

$126M

Previous: $74.2M+69.9%
Operating Income

$161M

Previous: $104M+55.1%
Gross Profit

$330M

Previous: $254M+30.0%
Cash & Equivalents

$154M

Previous: $242M-36.2%
Total Assets

$2.74B

Previous: $2.36B+15.9%
Stock-Based Comp

$11.1M

Previous: $6.4M+74.1%

Revenue & EPS history

Lincoln Electric · Revenue · Quarterly

$925M

Q1 2022+22.2%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Lincoln Electric · $925M total across 3 segments · Q1 2022

  • Americas Welding
    $534M+25.6%
  • International Welding
    $258M+15.7%
  • Harris Products Group
    $133M+22.7%

Forward guidance

No specific forward guidance was provided in the document.

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 2022

Historical avgQ1 2022

+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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