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Lincoln Electric Holdings LECO Asia Pacific Welding — Payments For Restructuring

Discontinued — last reported Q4 '15

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ALLEAsia Pacific — Restructuring and related cost, incurred cost
$700K+133%

Other financials

Income statement

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Revenue$1.1B+11.7%
Gross profit$399.1M+9.2%
Operating income$186.2M+12.9%
Net income$136.4M+15.1%
EPS (diluted)$2.47+17.6%

Balance sheet

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Cash & equivalents$298.9M-24.3%
Total debt$1.4B+4.0%
Total equity$1.2B+32.6%
Total assets$3.9B+7.6%

Cash flow

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Operating cash flow$102.2M-45.0%
CapEx$39.2M+45.3%
Free cash flow$63.0M-60.3%

Valuation

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Market cap$15.08B+28.8%
Enterprise value$16.14B+27.8%
P/E28×+2.6×
P/S3.5×+0.6×

Profitability

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Gross margin36%-0.4pp
Operating margin17%+1.2pp
Net margin12.4%+0.9pp
FCF margin10.1%-3.2pp

Returns & leverage

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Return on equity46.3%-2.8pp
Debt / equity+0.1×
Current ratio1.8×0.0×

Where this comes from

Reported directly by Lincoln Electric Holdings in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForRestructuring.

The official record: Lincoln Electric Holdings’s 10-K, filed February 25, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does asia pacific welding — payments for restructuring mean?
Cash spent to implement organizational changes or restructuring within the Asia Pacific Welding segment.
How do you interpret asia pacific welding — payments for restructuring?
High payments indicate active restructuring; while costly, they are often intended to improve future margins.
How does asia pacific welding — payments for restructuring compare across companies?
Common in industrial firms adjusting their global manufacturing footprint to match regional demand.