Lincoln Electric delivered third-quarter adjusted EPS of $2.98, easily beating the FactSet consensus estimate by $0.17 thanks to stronger than anticipated volume growth, as revenue of $1.22 billion came in roughly 4% above consensus expectations.
Lincoln Electric has established one of the most trusted brands in welding and enjoys leading market share.
Lincoln Electric's international welding business is not as strong as domestic welding, with operating margins lagging the Americas welding segment by roughly 900 basis points.
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Metric
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LECO
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ITW
|
ITT
|
|---|---|---|---|
Price/Earnings (Normalized) | 26.75 | 25.29 | 25.28 |
Price/Book Value | 9.90 | 25.02 | 3.62 |
Price/Sales | 3.36 | 4.77 | 3.44 |
Price/Cash Flow | 20.78 | 21.54 | 22.37 |
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Metric
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LECO
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ITW
|
ITT
|
|---|---|---|---|
Quick Ratio | 0.00 | 0.74 | 0.77 |
Current Ratio | 1.91 | 1.11 | 1.26 |
Interest Coverage | 15.96 | 14.51 | 6.82 |
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Metric
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LECO
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ITW
|
ITT
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|---|---|---|---|
Return on Assets (Normalized) | 15.85% | 20.05% | 8.41% |
Return on Equity (Normalized) | 40.55% | 103.14% | 17.21% |
Return on Invested Capital (Normalized) | 25.89% | 28.00% | 11.83% |
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