Financial Performance - Adjusted operating profit margin reached a record 14.8% despite uneven market conditions[4] - Adjusted EPS increased by 12%[4] - The company generated $107 million in cash flow from operations, including a $25 million voluntary U.S pension contribution[4] - ROIC was 18.9%[4] - The company returned $73 million to shareholders through share repurchases and dividends[4] Sales Analysis - Net sales decreased by 2.2% year-over-year to $727.4 million[5] - Sales volume declined by 4.9%[8] - Acquisitions contributed positively, increasing sales by 3.1%[8] - Foreign exchange had a negative impact, decreasing sales by 0.5%[8] Segment Performance - North America welding segment net sales increased by 0.7% to $419.1 million[16] - Europe welding segment net sales decreased by 5.0% to $108.7 million[17] - Asia Pacific welding segment net sales decreased significantly by 19.0% to $69.2 million[18] - Harris Products Group net sales decreased by 5.3% to $86.0 million[20] Capital Allocation - Capital expenditures increased by 17% to $15.9 million[29] - Dividends increased by 17% to $17 million[27] - Share repurchases increased significantly by 184% to $57 million[28]

Financial Performance - Q3 2013 - Net sales decreased slightly by 0.8% year-over-year, from $697.6 million to $691.9 million[5, 10] - Adjusted operating income increased by 10.6% year-over-year, from $91.8 million to $101.5 million, with an adjusted operating profit margin of 14.7%, up 150 basis points[4, 5, 10] - Adjusted diluted EPS increased by 7.5% year-over-year, from $0.80 to $0.86[4, 5, 10] - Cash flow from operations increased significantly by 88% to $155 million[4] - The company's ROIC stood at 18.5%[4, 30] Segment Performance - Q3 2013 - Americas Welding segment net sales increased by 3.5% year-over-year, from $390.3 million to $404.1 million, with an adjusted EBIT margin of 17.1%, up 20 basis points[12] - Europe Welding segment net sales decreased by 5.7% year-over-year, from $104.5 million to $98.5 million, with an adjusted EBIT margin of 7.6%, down 30 basis points[14] - Asia Pacific Welding segment net sales decreased significantly by 16.3% year-over-year, from $76.3 million to $63.8 million, with an adjusted EBIT margin of -1.4%, down 400 basis points[16] - The Harris Products Group net sales increased by 16.1% year-over-year, from $44.5 million to $51.7 million, with a substantial adjusted EBIT margin increase of 1,370 basis points to 30.7%[18] - The Other segment net sales decreased by 10.1% year-over-year, from $81.9 million to $73.7 million, with an adjusted EBIT margin of 9.1%, down 10 basis points[20] Capital Allocation - The company returned $60 million in cash to shareholders through share repurchases and dividends[4] - Share repurchases increased by 120% to $44 million[29] - Dividends increased by 16% to $16 million[32] Strategic Initiatives - The company is focused on optimizing operations and profitability, driving improved shareholder returns[7, 8] - Automation investment continues, including a new facility in Brazil and expansion in Mexico[9] - The company expects $8 to $10 million in incremental benefits from prior actions in 2013[9]

Financial Performance - Full Year 2013 - Record operating profit margin was reported at 14.3%, with an adjusted margin of 15.0%[4] - Record cash flow from operations reached $339 million[4] - Record EPS was reported at $3.54, with an adjusted EPS of $3.77[4] - The company achieved a solid ROIC of 18.9%[4] - A record $217 million was returned to shareholders through share repurchases and dividends[4] - Net sales remained relatively flat year-over-year at approximately $2.853 billion[5] Financial Performance - Q4 2013 - Net sales increased by 4.4% year-over-year to $714.8 million[11] - Operating income increased significantly by 38.7% year-over-year to $118.9 million[11] - Net income increased by 42.3% year-over-year to $88.3 million[11] - Diluted EPS increased by 44.6% year-over-year to $1.07[11] Capital Allocation - Dividends for FY2013 totaled $49 million, with a 15% increase announced for 2014[28, 30] - Share repurchases for FY2013 increased by 107% to $168 million[28, 30] - Capital expenditures for FY2013 increased by 43% to $76 million, driven by the Venezuela facility purchase[28, 30] Segment Performance - Q4 2013 - Americas net sales were $410 million, a 4.4% increase year-over-year, with an adjusted EBIT margin of 19.2%[13] - Europe, Middle East, and Africa net sales were $111.9 million, a 4.1% increase year-over-year, with an adjusted EBIT margin of 6.9%[15] - Asia Pacific net sales were $63.2 million, a 10.0% decrease year-over-year, with an adjusted EBIT margin of -0.2%[17] - South America net sales were $63.3 million, a substantial 58.5% increase year-over-year, with an adjusted EBIT margin of 39.8%[19] - The Other segment net sales were $66.4 million, a 10.3% decrease year-over-year, with an adjusted EBIT margin of 9.3%[20]

Financial Performance - Lincoln Electric's Q3 2014 reported sales increased by 3.5%, and by 5.8% excluding foreign exchange impacts[4] - The company's Q3 2014 adjusted EPS increased by 9% to $0.94[4] - Cash returned to shareholders increased by 146% to $148 million in Q3 2014[4] Segment Performance - North America net sales increased by 8.8% with volume up 5.7%[14] - Europe net sales increased by 9.1% with volume up 12.5%[15] - Asia Pacific net sales decreased by 10.1% with volume down 11.0%[17] - South America net sales decreased by 36.5% with volume down 40.3%[18] - Harris net sales increased by 6.4% with volume up 7.4%[21] Capital Allocation - Dividends increased by 11% to $18 million[27] - Share repurchases increased by 196% to $130 million[27] - Capital expenditures decreased by 46% to $15 million[27]

Lincoln Electric (LECO) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Amanda Butler - VP, IR & CommunicationsSteven Hedlund - Chair, President and Chief Executive OfficerGabriel Bruno - EVP, CFO & TreasurerSaree Boroditsky - Senior Vice PresidentStefan Diaz - Vice President, Equity ResearchChristian Zyla - Senior Associate Equity ResearchChristopher Dankert - SVP - Equity Research Conference Call Participants Bryan Blair - Managing Director & Senior Research AnalystMircea Dobre - Ass ...

April 30, 2025 LINCOLN ELECTRIC HOLDINGS, INC. Q1 2025 Earnings Safe Harbor and Regulation G Disclosures Forward-Looking Statements: Statements made during this presentation which are not historical facts may be considered forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied. Forward-looking statements generally can be identified by the use of words such as "may," "will," "expect, ...