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
EVP & CFO
SafeHarbor and Regulation G Disclosures
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.
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.
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 operatingas "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
Q2 2021 Highlights: Sales increase on continued recovery. Strong execution generates a 15.1% Adjusted operating income margin and record $1.67 Adjusted EPS
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.