Lincoln Electric Holdings' Latest EPS Top Last Year's by 51%
Lincoln Electric Holdings (NAS: LECO) reported earnings on Feb. 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Lincoln Electric Holdings met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded significantly.
Margins expanded across the board.
Lincoln Electric Holdings booked revenue of $694.5 million. The three analysts polled by S&P Capital IQ predicted a top line of $697.2 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $564.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.68. The four earnings estimates compiled by S&P Capital IQ averaged $0.64 per share. GAAP EPS of $0.68 for Q4 were 39% higher than the prior-year quarter's $0.49 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.0%, 240 basis points better than the prior-year quarter. Operating margin was 11.9%, 280 basis points better than the prior-year quarter. Net margin was 8.3%, 90 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $669.0 million. On the bottom line, the average EPS estimate is $0.65.
Next year's average estimate for revenue is $3.06 billion. The average EPS estimate is $2.93.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 363 members rating the stock outperform, and seven members rating it underperform. Among 146 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 146 give Lincoln Electric Holdings a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lincoln Electric Holdings is outperform, with an average price target of $47.00.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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