LINCOLN ELECTRIC HOLDINGS INC

For the period ended Sep 30, 2024. Filed Oct 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.

Sep 30, 2024 · Filed Oct 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 September 30, · · Nine Months Ended September 30,
· 2024 · 2023 · 2024 · 2023
Net sales (Note 2)	$983,759	$1,033,214	$2,986,639	$3,133,122
Cost of goods sold	631,681	667,584	1,882,349	2,038,707
Gross profit	352,078	365,630	1,104,290	1,094,415
Selling, general & administrative expenses	186,291	187,115	593,523	569,979
Rationalization and asset impairment charges (Note 6)	20,227	7,074	51,322	10,618
Operating income	145,560	171,441	459,445	513,818
Interest expense, net	11,974	10,809	31,414	35,708
Other (expense) income	(1,644)	801	(935)	11,727
Income before income taxes	131,942	161,433	427,096	489,837
Income taxes (Note 11)	31,186	32,090	101,217	101,232
Net income	$100,756	$129,343	$325,879	$388,605

Basic earnings per share (Note 3)	$1.78	$2.26	$5.74	$6.76
Diluted earnings per share (Note 3)	$1.77	$2.22	$5.68	$6.67
Cash dividends declared per share	$0.71	$0.64	$2.13	$1.92

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