Lincoln Electric Holdings (LECO) Tops Q2 Earnings and Revenue Estimates

Core Insights - Lincoln Electric Holdings (LECO) reported quarterly earnings of $2.6 per share, exceeding the Zacks Consensus Estimate of $2.32 per share, and showing an increase from $2.34 per share a year ago [1][2] - The company achieved revenues of $1.09 billion for the quarter, surpassing the Zacks Consensus Estimate by 4.48% and up from $1.02 billion year-over-year [3] - The stock has gained approximately 19.1% since the beginning of the year, outperforming the S&P 500's gain of 8.2% [4] Earnings Performance - The earnings surprise for the recent quarter was +12.07%, while the previous quarter saw a surprise of -2.7% [2] - Over the last four quarters, Lincoln Electric has exceeded consensus EPS estimates three times [2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.22 on revenues of $1 billion, and for the current fiscal year, it is $9.10 on revenues of $4.1 billion [8] - The company holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [7] Industry Context - Lincoln Electric operates within the Zacks Manufacturing - Tools & Related Products industry, which is currently ranked in the top 18% of over 250 Zacks industries [9] - The industry’s performance can significantly influence the stock's performance, with research indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9]