Lincoln Electric(US:LECO)2022-02-10 14:24Financial Highlights - Full year 2021 reported sales increased 22% to a record $3.2 billion[9] - Full year 2021 adjusted EPS increased 50% to a record $6.22[9] - Full year 2021 record ROIC increased +620 bps vs prior year to 23.9%[9] - The company returned $286 million to shareholders through dividends and share repurchases in full year 2021[9] - Q4 2021 net sales increased 21.7% year-over-year to $844.3 million[12] - Q4 2021 adjusted diluted EPS increased 29.8% year-over-year to $1.61[12] Segment Performance - Americas Welding Q4 2021 net sales increased 24.2% year-over-year to $480.3 million[13] - International Welding Q4 2021 net sales increased 14.3% year-over-year to $245.5 million[17] - The Harris Products Group Q4 2021 net sales increased 28.1% year-over-year to $118.5 million[21] Sales Mix Analysis - Q4 2021 sales mix showed a total increase of 21.7%, with volume contributing 5.6% and price contributing 13.4%[11] - Americas Welding Q4 2021 sales mix showed a total increase of 24.2%, with volume contributing 9.3% and price contributing 14.6%[15] - International Welding Q4 2021 sales mix showed a total increase of 14.3%, with price contributing 13.9%[19] - The Harris Products Group Q4 2021 sales mix showed a total increase of 28.1%, with volume contributing 5.4% and price contributing 7.0%[21]