Lincoln Electric (LECO) Tops Q4 EPS by 18c, Revenues Beat

Lincoln Electric (NASDAQ: LECO) reported Q4 EPS of $1.24, $0.18 better than the analyst estimate of $1.06. Revenue for the quarter came in at $693.79 million versus the consensus estimate of $682.65 million.

“I am proud of our organization’s outstanding teamwork during this challenging year as we have been focused on safely serving our customers with improving demand through the fourth quarter," stated Christopher L. Mapes, Chairman, President and Chief Executive Officer. “Strong execution of our strategic initiatives and cost reduction actions generated record cash flows, strong cash conversion performance and earnings growth in the quarter while also delivering record safety and environmental performance.” Mapes continued, “Looking ahead, we are well-positioned to capitalize on growth and increase profitability and returns as we focus on achieving our long-term Higher Standard 2025 Strategy goals and superior long-term value for our stakeholders.”

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

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