
Lincoln Electric Holdings Inc
NASDAQ:LECO

Income Statement
Earnings Waterfall
Lincoln Electric Holdings Inc
Revenue
|
4B
USD
|
Cost of Revenue
|
-2.5B
USD
|
Gross Profit
|
1.5B
USD
|
Operating Expenses
|
-786.2m
USD
|
Operating Income
|
691.8m
USD
|
Other Expenses
|
-225.7m
USD
|
Net Income
|
466.1m
USD
|
Income Statement
Lincoln Electric Holdings Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 813
N/A
|
2 786
-1%
|
2 722
-2%
|
2 652
-3%
|
2 536
-4%
|
2 429
-4%
|
2 356
-3%
|
2 279
-3%
|
2 275
0%
|
2 305
+1%
|
2 339
+1%
|
2 441
+4%
|
2 624
+8%
|
2 801
+7%
|
2 965
+6%
|
3 032
+2%
|
3 029
0%
|
3 030
+0%
|
3 017
0%
|
3 011
0%
|
3 003
0%
|
2 946
-2%
|
2 760
-6%
|
2 698
-2%
|
2 655
-2%
|
2 710
+2%
|
2 946
+9%
|
3 084
+5%
|
3 234
+5%
|
3 403
+5%
|
3 546
+4%
|
3 675
+4%
|
3 761
+2%
|
3 875
+3%
|
3 966
+2%
|
4 064
+2%
|
4 192
+3%
|
4 134
-1%
|
4 095
-1%
|
4 045
-1%
|
4 009
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 864)
|
(1 843)
|
(1 804)
|
(1 776)
|
(1 695)
|
(1 619)
|
(1 569)
|
(1 491)
|
(1 485)
|
(1 502)
|
(1 522)
|
(1 606)
|
(1 749)
|
(1 871)
|
(1 982)
|
(2 015)
|
(2 000)
|
(2 000)
|
(1 990)
|
(1 997)
|
(1 999)
|
(1 962)
|
(1 853)
|
(1 814)
|
(1 783)
|
(1 823)
|
(1 972)
|
(2 054)
|
(2 160)
|
(2 252)
|
(2 336)
|
(2 427)
|
(2 479)
|
(2 565)
|
(2 615)
|
(2 652)
|
(2 714)
|
(2 648)
|
(2 602)
|
(2 566)
|
(2 531)
|
|
Gross Profit |
949
N/A
|
943
-1%
|
919
-3%
|
876
-5%
|
841
-4%
|
810
-4%
|
787
-3%
|
788
+0%
|
789
+0%
|
803
+2%
|
818
+2%
|
836
+2%
|
875
+5%
|
930
+6%
|
983
+6%
|
1 017
+3%
|
1 029
+1%
|
1 030
+0%
|
1 027
0%
|
1 014
-1%
|
1 005
-1%
|
984
-2%
|
907
-8%
|
884
-3%
|
872
-1%
|
888
+2%
|
974
+10%
|
1 030
+6%
|
1 074
+4%
|
1 151
+7%
|
1 210
+5%
|
1 247
+3%
|
1 282
+3%
|
1 310
+2%
|
1 352
+3%
|
1 412
+4%
|
1 478
+5%
|
1 485
+1%
|
1 493
+1%
|
1 479
-1%
|
1 478
0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(556)
|
(530)
|
(517)
|
(506)
|
(472)
|
(633)
|
(476)
|
(477)
|
(442)
|
(472)
|
(479)
|
(491)
|
(518)
|
(578)
|
(600)
|
(610)
|
(615)
|
(626)
|
(632)
|
(637)
|
(605)
|
(612)
|
(574)
|
(557)
|
(536)
|
(537)
|
(555)
|
(573)
|
(586)
|
(607)
|
(631)
|
(641)
|
(642)
|
(665)
|
(684)
|
(719)
|
(741)
|
(758)
|
(782)
|
(771)
|
(786)
|
|
Selling, General & Administrative |
(556)
|
(530)
|
(517)
|
(506)
|
(425)
|
(470)
|
(476)
|
(476)
|
(397)
|
(472)
|
(479)
|
(491)
|
(470)
|
(578)
|
(600)
|
(610)
|
(561)
|
(625)
|
(631)
|
(637)
|
(548)
|
(606)
|
(567)
|
(549)
|
(485)
|
(537)
|
(555)
|
(573)
|
(530)
|
(607)
|
(631)
|
(641)
|
(579)
|
(665)
|
(684)
|
(718)
|
(670)
|
(758)
|
(782)
|
(771)
|
(704)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(47)
|
0
|
0
|
0
|
(45)
|
0
|
0
|
0
|
(48)
|
0
|
0
|
0
|
(54)
|
0
|
0
|
0
|
(57)
|
0
|
0
|
0
|
(51)
|
0
|
0
|
0
|
(56)
|
0
|
0
|
0
|
(63)
|
0
|
0
|
0
|
(71)
|
0
|
0
|
0
|
(82)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(163)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(7)
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
393
N/A
|
413
+5%
|
402
-3%
|
370
-8%
|
369
0%
|
177
-52%
|
311
+76%
|
311
+0%
|
347
+12%
|
331
-5%
|
339
+2%
|
345
+2%
|
357
+4%
|
353
-1%
|
383
+9%
|
406
+6%
|
413
+2%
|
405
-2%
|
396
-2%
|
377
-5%
|
400
+6%
|
372
-7%
|
333
-11%
|
327
-2%
|
336
+3%
|
351
+4%
|
420
+20%
|
457
+9%
|
488
+7%
|
544
+11%
|
578
+6%
|
607
+5%
|
640
+5%
|
646
+1%
|
668
+3%
|
693
+4%
|
737
+6%
|
727
-1%
|
711
-2%
|
708
0%
|
692
-2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
9
|
(2)
|
(10)
|
(19)
|
(41)
|
(29)
|
(16)
|
(3)
|
(39)
|
(20)
|
(24)
|
(29)
|
(40)
|
(16)
|
(27)
|
(30)
|
(24)
|
(15)
|
(11)
|
(8)
|
(39)
|
(21)
|
(23)
|
(22)
|
(29)
|
(23)
|
(30)
|
(29)
|
(31)
|
(34)
|
(26)
|
(26)
|
(38)
|
(46)
|
(58)
|
(56)
|
(62)
|
(47)
|
(36)
|
(47)
|
(30)
|
|
Non-Reccuring Items |
(30)
|
(30)
|
(31)
|
(156)
|
(163)
|
0
|
(196)
|
(41)
|
(34)
|
(34)
|
0
|
52
|
43
|
33
|
21
|
(33)
|
(25)
|
(18)
|
(3)
|
5
|
(3)
|
(7)
|
(33)
|
(46)
|
(46)
|
(49)
|
(31)
|
(105)
|
(144)
|
(132)
|
(128)
|
(59)
|
(15)
|
(21)
|
(26)
|
(25)
|
(2)
|
(2)
|
(25)
|
(38)
|
(64)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
(5)
|
(5)
|
5
|
|
Total Other Income |
4
|
6
|
5
|
4
|
4
|
2
|
3
|
4
|
3
|
6
|
6
|
3
|
6
|
3
|
5
|
5
|
5
|
6
|
5
|
9
|
10
|
8
|
5
|
4
|
4
|
7
|
10
|
11
|
12
|
9
|
4
|
6
|
6
|
10
|
17
|
14
|
12
|
12
|
9
|
6
|
(9)
|
|
Pre-Tax Income |
376
N/A
|
386
+3%
|
366
-5%
|
199
-45%
|
170
-15%
|
150
-11%
|
102
-32%
|
271
+166%
|
277
+3%
|
282
+2%
|
320
+14%
|
371
+16%
|
366
-1%
|
373
+2%
|
383
+3%
|
348
-9%
|
369
+6%
|
377
+2%
|
387
+2%
|
383
-1%
|
369
-4%
|
352
-5%
|
282
-20%
|
263
-7%
|
264
+0%
|
285
+8%
|
370
+30%
|
335
-9%
|
325
-3%
|
388
+19%
|
430
+11%
|
529
+23%
|
593
+12%
|
589
-1%
|
602
+2%
|
626
+4%
|
687
+10%
|
690
+0%
|
654
-5%
|
624
-5%
|
594
-5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(122)
|
(120)
|
(106)
|
(45)
|
(42)
|
(38)
|
(29)
|
(77)
|
(79)
|
(82)
|
(90)
|
(94)
|
(90)
|
(89)
|
(92)
|
(90)
|
(81)
|
(82)
|
(75)
|
(71)
|
(75)
|
(74)
|
(63)
|
(59)
|
(58)
|
(61)
|
(76)
|
(67)
|
(48)
|
(59)
|
(70)
|
(91)
|
(121)
|
(120)
|
(124)
|
(128)
|
(142)
|
(143)
|
(143)
|
(142)
|
(128)
|
|
Income from Continuing Operations |
254
|
266
|
259
|
154
|
127
|
113
|
73
|
194
|
198
|
201
|
231
|
277
|
276
|
283
|
291
|
258
|
287
|
296
|
312
|
312
|
293
|
277
|
219
|
205
|
206
|
225
|
294
|
267
|
277
|
329
|
360
|
437
|
472
|
468
|
478
|
498
|
545
|
547
|
511
|
483
|
466
|
|
Income to Minority Interest |
1
|
1
|
1
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
255
N/A
|
267
+5%
|
260
-2%
|
154
-41%
|
128
-17%
|
113
-12%
|
73
-35%
|
194
+165%
|
198
+2%
|
201
+1%
|
231
+15%
|
277
+20%
|
248
-11%
|
253
+2%
|
260
+3%
|
224
-14%
|
287
+28%
|
298
+4%
|
314
+6%
|
316
+1%
|
293
-7%
|
277
-5%
|
219
-21%
|
205
-6%
|
206
+1%
|
225
+9%
|
294
+31%
|
267
-9%
|
277
+3%
|
328
+19%
|
360
+10%
|
437
+22%
|
472
+8%
|
468
-1%
|
478
+2%
|
498
+4%
|
545
+10%
|
547
+0%
|
511
-7%
|
483
-6%
|
466
-3%
|
|
EPS (Diluted) |
3.25
N/A
|
3.45
+6%
|
3.43
-1%
|
2.08
-39%
|
1.7
-18%
|
1.6
-6%
|
1.07
-33%
|
2.88
+169%
|
2.91
+1%
|
3.01
+3%
|
3.46
+15%
|
4.16
+20%
|
3.71
-11%
|
3.8
+2%
|
3.93
+3%
|
3.41
-13%
|
4.38
+28%
|
4.65
+6%
|
4.98
+7%
|
5.09
+2%
|
4.68
-8%
|
4.56
-3%
|
3.65
-20%
|
3.41
-7%
|
3.42
+0%
|
3.73
+9%
|
4.88
+31%
|
4.44
-9%
|
4.6
+4%
|
5.53
+20%
|
6.13
+11%
|
7.47
+22%
|
8.04
+8%
|
8
0%
|
8.18
+2%
|
8.56
+5%
|
9.37
+9%
|
9.48
+1%
|
8.9
-6%
|
8.45
-5%
|
8.15
-4%
|