Lincoln Electric Revenue Beats Forecasts
Lincoln Electric (NASDAQ:LECO), a provider of welding equipment and automation solutions, recently released its earnings for the fourth quarter of 2024 on Feb. 13, 2025. Key highlights included an adjusted earnings per share (EPS) of $2.57, significantly outpacing the analyst consensus of $1.99. Revenue stood at $1,022 million, exceeding expectations of $992 million yet showing a decline from last year’s $1,058.5 million.
Source: Analyst estimates for the quarter provided by FactSet.
Lincoln Electric is recognized for its expertise in welding products, industrial automation, and cutting equipment. Recently, Lincoln Electric has concentrated on boosting its industrial automation segment, foreseeing substantial growth and nearly $1 billion in expected revenue.
Source Fool.com
