Lincoln Electric reported second-quarter non-GAAP earnings of $2.93 per share, beating analyst estimates by $0.12. Revenue reached $1.22 billion, an 11.9% increase year-over-year, exceeding expectations by $50 million. The company posted an operating income margin of 18.1% and an adjusted operating income margin of 18.4%. Cash flow from operations was $254 million, achieving a 138% cash conversion rate. Lincoln Electric returned $120 million to shareholders through dividends and share repurchases.
Lincoln Electric Holdings IncLincoln Electric reported Q2 earnings and revenue that beat analyst estimates, with strong margins and cash flow.