Lincoln Electric(US:LECO)2025-07-09 12:01Financial 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]