Lincoln Electric(US:LECO)2023-02-21 16:07Financial Performance Highlights - Full Year 2022 adjusted Return on Invested Capital (ROIC) was 22.7%[9] - Record 2022 adjusted Earnings Per Share (EPS) increased by 33% compared to the prior year[9] - Record 2022 sales increased by 16% compared to the prior year, with organic sales up by 20%[16] - Returned $312 million to shareholders through dividends and share repurchases[16] - Q4 organic sales increased 14%[10] Q4 2022 Income Statement Analysis - Net sales increased by 10.3% year-over-year, reaching $930.9 million[17] - Adjusted operating income increased by 20.2% year-over-year, reaching $146.8 million[17] - Net income increased by 46.6% year-over-year, reaching $109.1 million[17] - Adjusted diluted EPS increased by 20.5% year-over-year, reaching $1.94[17] Segment Performance in Q4 2022 - Americas Welding segment net sales increased by 19.4% year-over-year, reaching $573.6 million[19] - International Welding segment net sales decreased by 1.0% year-over-year, reaching $243.1 million[21] - The Harris Products Group net sales decreased by 3.6% year-over-year, reaching $114.2 million[25] Cash Flow and Capital Allocation - Cash flow from operations increased by 5% compared to the prior year[9] - Capital expenditure was $820 million[40] - Return to shareholders totaled $57 million in Q4[40] - The company has total debt of $1.2 billion and net debt of $1.0 billion[44]