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LINCOLN ELECTRIC HOLDINGS, INC.

(LECO)
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Lincoln Electric : 2021 Second Quarter Financial Results Slides

07/27/2021 | 07:40am EDT

Lincoln Electric Holdings, Inc.

Second Quarter 2021 Earnings Call

July 27, 2021

Christopher L. Mapes

Chairman, President & CEO

Gabriel Bruno

EVP & CFO

SafeHarbor and Regulation G Disclosures

Forward-Looking Statements:

Statements made during this presentation which are not historical facts may be considered forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied. Forward-looking statements generally can be identified by the use of words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "forecast," "guidance" or words of similar meaning. For further information concerning issues that could materially affect financial performance related to forward-looking statements, please refer to Lincoln Electric's quarterly earnings releases and periodic filings with the Securities and Exchange Commission, which can be found on www.sec.gov or on www.lincolnelectric.com.

Non-GAAP Measures:

Our management uses non-GAAP financial measures in assessing and evaluating the Company's performance, which exclude items we consider unusual or special items. We believe the use of such financial measures and information may be useful to investors. Non-GAAP financial measures should be read in conjunction with the GAAP financial measures, as non- GAAP measures are a supplement to, and not a replacement for, GAAP financial measures. Please refer to the attached schedule for a reconciliation of non-GAAP financial measures to the related GAAP financial measures.

2

2021: Continuing to Operate Responsibly

  • Focused on safety: Implementing CDC and WHO best practice measures to protect employee health
    • Heightened hygiene and sanitation practices
    • Social distancing and safety protocols
    • Maximizing flexible and remote work arrangements
  • Lincoln facilities are operating as "essential businesses" focused on serving customers
  • Safeguarding benefits and bonus programs and increased wages in 2021
  • Cautious on global COVID-19 cases and vaccine rollouts

3

Q2 2021 Highlights: Sales increase on continued recovery. Strong execution generates a 15.1% Adjusted operating income margin and record $1.67 Adjusted EPS

  • Reported sales increased 39.9% to $827 million; Organic sales increased 36.0%
  • Adjusted Operating Income Margin of 15.1% (+440 bps vs. prior year)
  • Diluted EPS of $1.60, Adjusted EPS increased 108.8% to $1.67
  • ROIC increased 280 bps to 21.4%
  • Cash flow from operations of $100 million
  • Returned $55 million to shareholders (dividends and share repurchases)

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Lincoln Electric Holdings Inc. published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 11:39:03 UTC.


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Financials (USD)
Sales 2021 3 210 M - -
Net income 2021 355 M - -
Net Debt 2021 414 M - -
P/E ratio 2021 22,6x
Yield 2021 1,54%
Capitalization 7 907 M 7 907 M -
EV / Sales 2021 2,59x
EV / Sales 2022 2,40x
Nbr of Employees 10 700
Free-Float 59,0%
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Technical analysis trends LINCOLN ELECTRIC HOLDINGS, INC.
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 133,15 $
Average target price 147,00 $
Spread / Average Target 10,4%
EPS Revisions
Managers and Directors
Christopher Lee Mapes Chairman, President & Chief Executive Officer
Gabriel Bruno Chief Financial Officer, Treasurer & Executive VP
Thomas Matthews Senior VP-Technology, Research & Development
Anthony K. Battle Chief Compliance Officer & SVP-Internal Audit
G. Russell Lincoln Independent Director
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