Lincoln Electric Holdings (NASDAQ:LECO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$983.8m (down 4.8% from 3Q 2023).

• Net income: US$100.8m (down 22% from 3Q 2023).

• Profit margin: 10% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$1.78 (down from US$2.26 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lincoln Electric Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Lincoln Electric Holdings that you should be aware of.

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