LINCOLN ELECTRIC HOLDINGS INC

For the period ended Jun 30, 2024. Filed Jul 31, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 31, 2024

LECO$284.42-0.0%Stored close · as of Nov 10, 2026

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Contents

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

CONSOLIDATED STATEMENTS OF INCOME


· · Three Months Ended June 30, · · Six Months Ended June 30,
· 2024 · 2023 · 2024 · 2023
Net sales (Note 2)	$1,021,683	$1,060,565	$2,002,880	$2,099,908
Cost of goods sold	637,870	687,137	1,250,668	1,371,123
Gross profit	383,813	373,428	752,212	728,785
Selling, general & administrative expenses	208,485	192,748	407,232	382,864
Rationalization and asset impairment charges (Note 6)	26,490	2,667	31,095	3,544
Operating income	148,838	178,013	313,885	342,377
Interest expense, net	10,661	11,699	19,440	24,899
Other income (expense)	(1,553)	6,746	709	10,926
Income before income taxes	136,624	173,060	295,154	328,404
Income taxes (Note 11)	34,916	35,729	70,031	69,142
Net income	$101,708	$137,331	$225,123	$259,262

Basic earnings per share (Note 3)	$1.79	$2.39	$3.96	$4.51
Diluted earnings per share (Note 3)	$1.77	$2.36	$3.91	$4.44
Cash dividends declared per share	$0.71	$0.64	$1.42	$1.28

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