Lincoln Electric (LECO) Tops Q1 EPS by 19c

Lincoln Electric (NASDAQ: LECO) reported Q1 EPS of $1.37, $0.19 better than the analyst estimate of $1.18. Revenue for the quarter came in at $757 million versus the consensus estimate of $725.27 million.

“I am pleased to report record first quarter earnings, which reflect solid execution of our strategic initiatives, cost reduction actions and an accelerated recovery in our end markets,” stated Christopher L. Mapes, Chairman, President and Chief Executive Officer. “Our team continued to do an outstanding job safely serving customers while also generating significant improvement in operating profit margin as well as strong ROIC performance in the quarter.” Mapes continued, “Lincoln Electric is well-positioned to continue to capitalize on growth through innovation, new products, acquisitions and our leading automation portfolio. We remain focused on driving growth, maintaining operational agility and diligent cost management as we navigate the recovery to deliver superior long-term value for our stakeholders.”

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

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