Lincoln electric reports third quarter 2023 results

Third quarter 2023 highlights net sales increase 10.5% to record $1,033 million operating income margin of 16.6%; record adjusted operating income margin of 17.7% record eps of $2.22; record adjusted eps of $2.40 cash flows from operations increase 71% to record $223 million with 141% cash conversion(1) returned $82 million to shareholders through dividends and share repurchases cleveland, oct. 27, 2023 (globe newswire) -- lincoln electric holdings, inc. (the “company”) (nasdaq: leco) today reported third quarter 2023 net income of $129.3 million, or diluted earnings per share (eps) of $2.22, which includes special item after-tax net charges of $10.1 million, or $0.18 eps. this compares with prior year period net income of $109.2 million, or $1.87 eps, which included special item after-tax net charges of $10.3 million.
LECO Ratings Summary
LECO Quant Ranking