Recap: Lincoln Electric Q3 Earnings

Shares of Lincoln Electric Holdings LECO were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share were up 0.92% over the past year to $1.10, which beat the estimate of $0.78.

Revenue of $668,888,000 decreased by 8.47% from the same period last year, which beat the estimate of $611,600,000.

Guidance

Lincoln Electric Holdings hasn't issued any earnings guidance for the time being.

Lincoln Electric Holdings hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 27, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ce9q9gpx

Technicals

52-week high: $106.20

Company's 52-week low was at $59.30

Price action over last quarter: Up 13.62%

Company Overview

Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm's portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $3 billion in sales and nearly $400 million in adjusted operating income in 2019.