Lincoln Electric (LECO) Misses Q3 EPS by 15c, Revenues Miss

Lincoln Electric (NASDAQ: LECO) reported Q3 EPS of $1.09, $0.15 worse than the analyst estimate of $1.24. Revenue for the quarter came in at $730.8 million versus the consensus estimate of $750.15 million.

• Q3 EPS increases 9.3% to $1.17, Adjusted EPS decreases 9.9% to $1.09
• ROIC increases 170 basis points to 21.0%
• Cash flow from operations increases 21% to $129 million and achieved 165% cash conversion (1)
• $90 million returned to shareholders through dividends and share repurchases

“We continued to achieve solid returns, cash flow generation and cash conversion despite slowing industrial sector demand and capital spending in the quarter,” stated Christopher L. Mapes, Chairman, President & CEO. “We are addressing this challenging portion of the cycle through additional cost management actions while continuing to invest for future growth.”

For earnings history and earnings-related data on Lincoln Electric (LECO) click here.

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