See more : Murphy USA Inc. (MUSA) Income Statement Analysis – Financial Results
Complete financial analysis of Lincoln Electric Holdings, Inc. (LECO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Lincoln Electric Holdings, Inc., a leading company in the Manufacturing – Tools & Accessories industry within the Industrials sector.
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Lincoln Electric Holdings, Inc. (LECO)
Industry: Manufacturing - Tools & Accessories
Sector: Industrials
Website: https://www.lincolnelectric.com
About Lincoln Electric Holdings, Inc.
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products. The company's product offering also includes computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing; and consumables used in the brazing and soldering alloys market. In addition, it is involved in the retail business in the United States. Further, the company manufactures copper and aluminum headers, distributor assemblies, and manifolds for the heating, ventilation, and air conditioning sector in the United States and Mexico. The company serves general fabrication, energy and process, automotive and transportation, and construction and infrastructure industries, as well as heavy fabrication, ship building, and maintenance and repair markets. It sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. The company was founded in 1895 and is headquartered in Cleveland, Ohio.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.19B | 3.76B | 3.23B | 2.66B | 3.00B | 3.03B | 2.62B | 2.27B | 2.54B | 2.81B | 2.85B | 2.85B | 2.69B | 2.07B | 1.73B | 2.48B | 2.28B | 1.97B | 1.60B | 1.33B | 1.04B | 994.08M | 978.88M | 1.06B | 1.09B | 1.19B | 1.16B | 1.11B | 1.03B | 906.70M |
| Cost of Revenue | 2.71B | 2.48B | 2.17B | 1.78B | 2.00B | 2.00B | 1.74B | 1.49B | 1.69B | 1.86B | 1.91B | 1.99B | 1.96B | 1.51B | 1.27B | 1.76B | 1.63B | 1.42B | 1.16B | 971.32M | 759.92M | 694.05M | 671.55M | 668.79M | 685.30M | 701.50M | 690.00M | 657.00M | 604.90M | 528.30M |
| Gross Profit | 1.48B | 1.28B | 1.07B | 871.34M | 1.01B | 1.03B | 880.33M | 789.30M | 841.14M | 949.30M | 942.65M | 866.66M | 736.74M | 563.82M | 456.27M | 720.15M | 647.57M | 552.28M | 436.92M | 362.36M | 280.67M | 300.03M | 307.33M | 389.81M | 400.90M | 485.20M | 469.10M | 452.10M | 427.50M | 378.40M |
| Gross Profit Ratio | 35.23% | 34.05% | 33.04% | 32.81% | 33.55% | 33.96% | 33.54% | 34.70% | 33.17% | 33.74% | 33.04% | 30.37% | 27.34% | 27.24% | 26.38% | 29.05% | 28.39% | 28.01% | 27.29% | 27.17% | 26.97% | 30.18% | 31.40% | 36.82% | 36.91% | 40.89% | 40.47% | 40.76% | 41.41% | 41.73% |
| Research & Development | 71.24M | 63.21M | 55.97M | 51.41M | 56.85M | 54.17M | 47.90M | 44.72M | 47.18M | 43.26M | 42.13M | 37.31M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 627.70M | 545.68M | 466.68M | 639.49M | 545.50M | 527.21M | 495.22M | 439.78M | 377.77M | 333.40M | 405.38M | 370.12M | 315.83M | 285.31M | 256.62M | 210.70M | 198.04M | 190.16M | 216.22M | 223.80M | 309.70M | 305.80M | 310.30M | 289.80M | 261.70M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 703.65M | 656.64M | 597.11M | 543.80M | 621.49M | 627.70M | 545.68M | 466.68M | 639.49M | 545.50M | 527.21M | 495.22M | 439.78M | 377.77M | 333.40M | 405.38M | 370.12M | 315.83M | 285.31M | 256.62M | 210.70M | 198.04M | 190.16M | 216.22M | 223.80M | 309.70M | 305.80M | 310.30M | 289.80M | 261.70M |
| Other Expenses | -15.04M | 9.99M | -114.46M | 3.94M | 21.00M | 10.69M | 5.22M | 3.17M | 4.18M | 4.00M | 4.19M | 2.69M | 0.00 | -384.00K | 0.00 | 0.00 | 0.00 | 0.00 | 1.76M | 2.44M | 1.74M | 10.47M | 0.00 | 34.71M | 29.10M | 28.10M | 28.40M | 29.50M | 29.70M | 28.00M |
| Operating Expenses | 758.91M | 656.64M | 597.11M | 543.80M | 621.49M | 627.70M | 545.68M | 466.68M | 639.49M | 545.50M | 527.21M | 495.22M | 440.06M | 377.77M | 333.40M | 424.75M | 370.12M | 315.83M | 287.07M | 259.06M | 212.45M | 208.50M | 190.16M | 250.93M | 252.90M | 337.80M | 334.20M | 339.80M | 319.50M | 289.70M |
| Cost & Expenses | 3.47B | 3.14B | 2.76B | 2.33B | 2.62B | 2.63B | 2.29B | 1.95B | 2.33B | 2.41B | 2.44B | 2.48B | 2.40B | 1.88B | 1.61B | 2.18B | 2.00B | 1.74B | 1.45B | 1.23B | 972.37M | 902.56M | 861.71M | 919.72M | 938.20M | 1.04B | 1.02B | 996.80M | 924.40M | 818.00M |
| Interest Income | 0.00 | 1.61M | 1.57M | 1.99M | 2.53M | 0.00 | 4.79M | 2.09M | 2.71M | 3.09M | 3.32M | 3.99M | 3.12M | 2.38M | 3.46M | 8.85M | 8.29M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 44.37M | 29.50M | 22.21M | 21.97M | 23.42M | 17.57M | 24.22M | 19.08M | 21.82M | 10.43M | 2.86M | 4.19M | 6.70M | 6.69M | 8.52M | 12.16M | 11.43M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 86.67M | 78.06M | 81.15M | 80.49M | 81.49M | 72.35M | 68.12M | 65.07M | 64.01M | 69.61M | 68.88M | 65.33M | 62.05M | 57.36M | 56.60M | 56.93M | 51.49M | 45.71M | 41.87M | 42.30M | 37.65M | 37.04M | 36.21M | 34.71M | 29.10M | 28.10M | 28.40M | 29.50M | 29.70M | 28.00M |
| EBITDA | 824.67M | 700.14M | 675.23M | 410.35M | 466.89M | 473.29M | 416.69M | 383.95M | 441.64M | 455.85M | 504.29M | 439.10M | 370.09M | 251.16M | 152.75M | 368.89M | 351.20M | 282.16M | 193.47M | 103.30M | 68.22M | 91.52M | 153.37M | 173.59M | 177.10M | 175.50M | 163.30M | 141.80M | 137.70M | 116.70M |
| EBITDA Ratio | 19.67% | 18.93% | 13.55% | 15.51% | 16.27% | 15.98% | 15.83% | 17.40% | 10.87% | 17.27% | 17.41% | 15.72% | 13.63% | 12.03% | 10.29% | 14.81% | 14.29% | 14.39% | 11.79% | 10.83% | 10.05% | 13.76% | 15.33% | 17.40% | 19.03% | 14.34% | 13.52% | 11.59% | 12.96% | 12.08% |
| Operating Income | 717.85M | 612.34M | 357.04M | 282.07M | 370.91M | 375.54M | 377.71M | 288.27M | 181.70M | 373.75M | 406.99M | 362.08M | 296.68M | 186.43M | 92.98M | 295.40M | 277.63M | 232.97M | 149.85M | 103.30M | 68.22M | 91.52M | 117.17M | 138.88M | 148.00M | 147.40M | 134.90M | 112.30M | 108.00M | 88.70M |
| Operating Income Ratio | 17.13% | 16.28% | 11.04% | 10.62% | 12.35% | 12.40% | 14.39% | 12.67% | 7.17% | 13.28% | 14.27% | 12.69% | 11.01% | 9.01% | 5.38% | 11.92% | 12.17% | 11.81% | 9.36% | 7.75% | 6.56% | 9.21% | 11.97% | 13.12% | 13.63% | 12.42% | 11.64% | 10.13% | 10.46% | 9.78% |
| Total Other Income/Expenses | -30.98M | -19.51M | -136.67M | -18.03M | -2.42M | -6.88M | -10.71M | -10.89M | -11.91M | 2.07M | 9.46M | 7.49M | 4.65M | 678.00K | -6.50M | 4.41M | 9.53M | 5.20M | 4.05M | 4.48M | 1.01M | -3.58M | -1.12M | -17.20M | -33.80M | -400.00K | 200.00K | 5.60M | -8.40M | -8.50M |
| Income Before Tax | 686.87M | 592.83M | 325.00M | 264.04M | 368.49M | 368.66M | 366.24M | 277.39M | 169.79M | 375.81M | 416.44M | 369.57M | 301.33M | 187.11M | 86.48M | 299.81M | 287.16M | 238.17M | 153.90M | 107.78M | 69.23M | 87.94M | 116.04M | 121.68M | 114.20M | 147.00M | 135.10M | 117.90M | 99.60M | 80.20M |
| Income Before Tax Ratio | 16.39% | 15.76% | 10.05% | 9.94% | 12.27% | 12.17% | 13.95% | 12.19% | 6.70% | 13.36% | 14.60% | 12.95% | 11.18% | 9.04% | 5.00% | 12.09% | 12.59% | 12.08% | 9.61% | 8.08% | 6.65% | 8.85% | 11.85% | 11.49% | 10.51% | 12.39% | 11.66% | 10.63% | 9.65% | 8.85% |
| Income Tax Expense | 141.62M | 120.60M | 48.42M | 57.90M | 75.41M | 81.67M | 118.76M | 79.02M | 42.38M | 121.93M | 124.75M | 112.35M | 84.32M | 54.90M | 37.91M | 87.52M | 84.42M | 63.16M | 31.59M | 27.18M | 14.69M | 21.06M | 32.45M | 43.59M | 40.30M | 53.30M | 49.70M | 43.60M | 38.10M | 32.20M |
| Net Income | 545.25M | 472.22M | 276.58M | 206.12M | 293.11M | 287.07M | 247.50M | 198.40M | 127.48M | 254.69M | 293.78M | 257.41M | 217.19M | 130.24M | 48.58M | 212.29M | 202.74M | 175.01M | 122.31M | 80.60M | 54.54M | 29.28M | 83.59M | 78.09M | 73.90M | 93.70M | 85.40M | 74.30M | 61.50M | 48.00M |
| Net Income Ratio | 13.01% | 12.56% | 8.55% | 7.76% | 9.76% | 9.48% | 9.43% | 8.72% | 5.03% | 9.05% | 10.30% | 9.02% | 8.06% | 6.29% | 2.81% | 8.56% | 8.89% | 8.88% | 7.64% | 6.04% | 5.24% | 2.94% | 8.54% | 7.38% | 6.80% | 7.90% | 7.37% | 6.70% | 5.96% | 5.29% |
| EPS | 9.51 | 8.14 | 4.66 | 3.46 | 4.73 | 4.42 | 3.76 | 2.94 | 1.72 | 3.22 | 3.58 | 3.10 | 2.60 | 1.54 | 0.57 | 2.49 | 2.37 | 2.06 | 1.47 | 0.98 | 0.66 | 0.35 | 0.99 | 0.92 | 0.82 | 0.96 | 0.87 | 0.75 | 0.66 | 1.10 |
| EPS Diluted | 9.37 | 8.04 | 4.60 | 3.42 | 4.68 | 4.37 | 3.71 | 2.91 | 1.70 | 3.18 | 3.54 | 3.06 | 2.56 | 1.53 | 0.57 | 2.47 | 2.34 | 2.04 | 1.45 | 0.97 | 0.66 | 0.34 | 0.98 | 0.92 | 0.81 | 0.96 | 0.87 | 0.75 | 0.66 | 1.10 |
| Weighted Avg Shares Out | 57.36M | 58.03M | 59.31M | 59.63M | 61.96M | 64.89M | 65.74M | 67.46M | 74.11M | 79.19M | 81.98M | 83.09M | 83.68M | 84.41M | 84.78M | 85.30M | 85.80M | 85.16M | 83.49M | 82.38M | 82.64M | 84.86M | 84.86M | 85.35M | 90.67M | 97.60M | 98.73M | 99.73M | 93.54M | 43.84M |
| Weighted Avg Shares Out (Dil) | 58.22M | 58.75M | 60.06M | 60.25M | 62.66M | 65.68M | 66.64M | 68.16M | 74.85M | 80.10M | 83.04M | 84.18M | 84.71M | 85.22M | 85.27M | 86.11M | 86.78M | 86.00M | 84.35M | 83.29M | 83.27M | 86.10M | 85.29M | 85.35M | 91.23M | 98.12M | 98.73M | 99.73M | 93.54M | 43.84M |
Lincoln Electric Schedules Webcast For Third Quarter 2023 Results
CLEVELAND, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its third quarter 2023 results on Friday, October 27, 2023, prior to market open. An investor conference call and...
Lincoln Electric Named to Newsweek's America's Greenest Companies 2024 Ranking
CLEVELAND, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) is pleased to announce today that is has been recognized as one of America's Greenest Companies 2024 by Newsweek, market research firm Plant-A Insights Group, and GIST...
Lincoln Electric To Host The CharIN Testival North America 2023 Event
Lincoln Electric to host CharIN's Testival North America 2023 event at Lincoln's Cleveland, Ohio campus and showcase its new Velion 150kW DC fast charger.
Lincoln Electric (LECO) Gets Initial Velion Charger Order
Lincoln Electric (LECO) receives an order to supply four Velion DC fast chargers.
Lincoln Electric Receives Initial Order for Its VelionTM DC Fast Charger for Electric Vehicles
CLEVELAND, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) is pleased to announce that it has received an initial order to supply four VelionTM 150kW DC fast chargers to DC-America, a leading provider of...
Lincoln Electric: Quality Business Has Regained Its Quality Price
Lincoln Electric has seen a strong performance in its shares over the past year, even after a recent pullback. The company is a leading manufacturer of welding equipment and has benefited from long-term trends such as labor shortages and increased...
Lincoln Electric Named One of the World's Most Trustworthy Companies of 2023 by Newsweek
CLEVELAND, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) is pleased to announce that it has been recognized as one of the World's Most Trustworthy Companies of 2023 by Newsweek. This inaugural award is presented by...
2 Manufacturing Tools Stocks to Watch Amid Industry Woes
Continued slowdown in the manufacturing sector weighs on the Zacks Manufacturing-Tools & Related Products industry's near-term prospects. However, SWK and LECO are well-positioned to capitalize on improving supply chains.
Lincoln Electric Announces September 2023 Events With the Financial Community
CLEVELAND, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced participation in the following upcoming events with the financial community in the month of September:
Lincoln Electric (LECO) Q2 Earnings Beat, Revenues Rise Y/Y
Lincoln Electric (LECO) delivers record earnings in second-quarter 2023.
Source: https://incomestatements.info
Category: Stock Reports