Lincoln Electric (LECO) Misses Q1 EPS by 5c, Revenues Miss

Lincoln Electric (NASDAQ: LECO) reported Q1 EPS of $1.17, $0.05 worse than the analyst estimate of $1.22. Revenue for the quarter came in at $759.2 million versus the consensus estimate of $767.35 million.

“We achieved earnings growth in the quarter by successfully mitigating inflation and benefiting from favorable mix and our recent growth investments,” stated Christopher L. Mapes, Chairman, President and Chief Executive Officer. “I am proud of our teams’ integration of recent acquisitions and our continued work in Europe. During this cautious period in the cycle, we remain focused on profitable growth and improving returns. Exciting new product launches, acquisitions and a strong balance sheet position us well to continue to generate value for all of our stakeholders."

For earnings history and earnings-related data on Lincoln Electric (LECO) click here.

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