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Lincoln Electric Holdings LECO Special Items Charge Gain

Discontinued — last reported Q3 '23

Segments

By segment

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International Welding-$2.28M-247%
Americas Welding-$1.01M-212%
Harris Products Group-$187K-317%

Other financials

Income statement

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Revenue$1.2B+12.0%
Gross profit$449.0M+10.7%
Operating income$220.6M+14.8%
Net income$158.5M+10.5%
EPS (diluted)$2.88+12.5%

Balance sheet

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Cash & equivalents$242.4M-19.0%
Total debt$1.2B-8.2%
Total equity$1.2B+32.6%
Total assets$3.8B+2.3%

Cash flow

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Operating cash flow$253.8M+76.4%
CapEx$31.4M+23.6%
Free cash flow$222.3M+87.8%

Valuation

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Market cap$15.23B+14.1%
Enterprise value$16.19B+12.7%
P/E27.5×+1.0×
P/S3.4×+0.1×

Profitability

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Gross margin36%-0.4pp
Operating margin17.1%+0.6pp
Net margin12.4%+0.1pp
FCF margin12.1%-0.2pp

Returns & leverage

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Return on equity46.3%-2.8pp
Debt / equity+0.1×
Current ratio+0.3×

Where this comes from

Reported directly by Lincoln Electric Holdings in its filing.

Tagged under the XBRL concept leco:SpecialItemsChargeGain.

The source filing: Lincoln Electric Holdings’s 10-Q, filed October 27, 2023.

Filed
Oct 27, 2023
Fiscal quarter
Q3 FY2023
Calendar quarter
Q3 2023
Accession
0000059527-23-000035
Three Months Ended September 30, 2023Americas / WeldingInternational / WeldingThe Harris / Products / GroupCorporate / / EliminationsConsolidated
Inter-segment sales28,8754,8962,299(36,070)
Total$694,103$246,906$128,275$(36,070)$1,033,214
Adjusted EBIT$136,476$30,239$20,405$(2,952)$184,168
Special items charge (1)4,0567,87011,926
EBIT$132,420$22,369$20,405$(2,952)$172,242
Interest income1,852
Interest expense(12,661)
Income before income taxes$161,433

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Lincoln Electric Holdings's special items charge gain?
Lincoln Electric Holdings (LECO) reported special items charge gain of $11.93M in Q3 2023.

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