NASDAQ$LECO

Lincoln Electric Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Lincoln Electric's Q4 2019 earnings decreased compared to the previous year, with sales also slightly declining, but the company highlighted record cash flow generation for the full year.

Lincoln Electric reported a decrease in net sales by 1.0% to $736.3 million for Q4 2019. EPS decreased by 23.7% to $1.03, and adjusted EPS decreased by 10.9% to $1.15. The company's cash flow from operations increased by 23.3% to $123 million.

  • Q4 EPS decreased 23.7% to $1.03, Adjusted EPS decreased 10.9% to $1.15
  • Q4 sales decreased 1.0% to $736.3 million
  • Q4 Cash flow from operations increased 23.3% to $123 million
  • Full year cash flow from operations increased 22.5% to $403 million

Headline financials

Total Revenue

$736M

Previous: $744M-1.0%
EPS (adj)

$1.15

Previous: $1.29-10.9%
Operating Margin

11.2%

Previous: 12.8%-12.5%
Adjusted Operating Margin

12.4%

Previous: 13.0%-4.6%
Net Income

$63.7M

Previous: $86.8M-26.6%
Operating Income

$82.7M

Previous: $94.9M-12.9%
Gross Profit

$241M

Previous: $250M-3.7%
Cash & Equivalents

$200M

Previous: $359M-44.4%
Total Assets

$2.37B

Previous: $2.35B+0.9%
Stock-Based Comp

$4.02M

Previous: $4.97M-19.1%

Revenue & EPS history

Lincoln Electric · Revenue · Quarterly

$736M

Q4 2019-1%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Lincoln Electric · $736M total across 3 segments · Q4 2019

  • Americas Welding
    $438M
  • International Welding
    $219M
  • Harris Products Group
    $79.8M

Forward guidance

No specific forward guidance was provided in the release.

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 Q4 2019

Historical avgQ4 2019

+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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