NASDAQ$LECO

Lincoln Electric Holdings Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Lincoln Electric's Q2 2021 performance was marked by record earnings, driven by strong organic sales growth and effective management of supply chain challenges and inflationary pressures.

Lincoln Electric reported a strong second quarter in 2021, with net sales increasing by 39.9% to $826.5 million. The company achieved a record EPS of $1.60, and an adjusted EPS of $1.67, driven by strong organic sales growth of 36.0% and improvements in operating income margin.

  • Net sales increased by 39.9% to $826.5 million, with organic sales up by 36.0%.
  • Operating income margin was 14.7%, while adjusted operating income margin reached 15.1%.
  • EPS increased by 255.6% to a record $1.60, and adjusted EPS increased by 108.8% to a record $1.67.
  • Cash flow from operations remained strong at $100.0 million.

Headline financials

Total Revenue

$826M

Previous: $591M+39.9%
EPS (adj)

$1.67

Previous: $0.80+108.7%
Operating Margin

14.7%

Previous: 6.7%+119.4%
Adjusted Operating Margin

15.1%

Previous: 10.7%+41.1%
Free Cash Flow

$96.1M

Previous: $27M+255.8%
Net Income

$96.1M

Previous: $27M+255.8%
Operating Income

$122M

Previous: $39.8M+206.4%
Gross Profit

$274M

Previous: $189M+44.7%
Cash & Equivalents

$191M

Previous: $143M+33.4%
Total Assets

$2.51B

Previous: $2.2B+14.3%
Stock-Based Comp

$6.25M

Previous: $4.12M+51.8%

Revenue & EPS history

Lincoln Electric · Revenue · Quarterly

$826M

Q2 2021+39.9%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Lincoln Electric · $826M total across 3 segments · Q2 2021

  • Americas Welding
    $457M+37.3%
  • International Welding
    $252M+42.4%
  • Harris Products Group
    $117M+45.2%

Forward guidance

Management expects inflationary headwinds and supply chain constraints to continue through 2021.

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 Q2 2021

Historical avgQ2 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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