Lincoln Electric (LECO) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Lincoln Electric Holdings (LECO) reported revenue of $1.02 billion for Q4 2024, a year-over-year decline of 3.5%, while EPS increased to $2.57 from $2.45 a year ago, exceeding consensus estimates for both revenue and EPS [1] Financial Performance - Revenue of $1.02 billion compared to Zacks Consensus Estimate of $995.94 million, resulting in a surprise of +2.62% [1] - EPS of $2.57 compared to consensus estimate of $2.00, delivering a surprise of +28.50% [1] - Shares returned +1% over the past month, underperforming the Zacks S&P 500 composite's +3.9% [3] Segment Performance - Net Sales for The Harris Products Group: $124.27 million, exceeding the average estimate of $113.42 million, representing a year-over-year change of +11.3% [4] - Net Sales for International Welding: $242.98 million, below the average estimate of $257.87 million, reflecting a year-over-year decline of -16.8% [4] - Net Sales for Americas Welding: $654.79 million, slightly above the estimated $632.30 million, with a year-over-year change of 0% [4] Total Sales Analysis - Total Sales for The Harris Products Group: $127.07 million, surpassing the average estimate of $114.65 million, with a year-over-year change of +11.3% [4] - Total Sales for International Welding: $254.21 million, below the average estimate of $262.98 million, indicating a year-over-year decline of -16.3% [4] - Total Sales for Americas Welding: $691.92 million, exceeding the estimated $657.33 million, with a year-over-year change of +0.3% [4] Inter-segment Sales - Inter-segment sales for Americas Welding: $37.13 million, above the average estimate of $33.67 million, representing a year-over-year change of +4.6% [4] - Inter-segment sales for International Welding: $11.23 million, exceeding the average estimate of $9.62 million, with a year-over-year change of -2.8% [4] - Inter-segment sales for The Harris Products Group: $2.80 million, slightly above the average estimate of $2.77 million, reflecting a year-over-year change of +8.7% [4] Adjusted EBIT - Adjusted EBIT for Americas Welding: $131.92 million, exceeding the average estimate of $112.85 million [4] - Adjusted EBIT for Corporate/Eliminations: $0.81 million, compared to an estimated -$1.81 million [4]