Lincoln Historical Income Statement

LECO Stock

USD 216.14 3.80 1.73%

Historical analysis of Lincoln Electric income statement accounts such as Total Revenue of 2.3 B can show how well Lincoln Electric Holdings performed in making a profits. Evaluating Lincoln Electric income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Lincoln Electric's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Lincoln Electric Holdings latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Lincoln Electric Holdings is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lincoln Electric Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

About Lincoln Income Statement Analysis

Lincoln Electric Holdings Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Lincoln Electric shareholders. The income statement also shows Lincoln investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Lincoln Electric Income Statement Chart

At this time, Lincoln Electric's Net Income Applicable To Common Shares is very stable compared to the past year. As of the 28th of November 2024, Non Operating Income Net Other is likely to grow to about 9.4 M, while Depreciation And Amortization is likely to drop about 60.5 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Reconciled Depreciation

Total Revenue

Total revenue comprises all receipts Lincoln Electric Holdings generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Lincoln Electric Holdings minus its cost of goods sold. It is profit before Lincoln Electric operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Lincoln Electric Holdings. It is also known as Lincoln Electric overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Lincoln Electric's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Lincoln Electric Holdings current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lincoln Electric Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	1.3B	1.5B	746.9M
Total Revenue	3.2B	3.8B	4.2B	2.3B

Gross Profit Total Revenue

Lincoln Electric income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Net Income From Continuing Ops	Non Operating Income Net Other	Minority Interest	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.41	0.74	0.71	0.69	0.72	0.35	0.39	0.46	0.7	0.73	0.36	-0.22	0.39	0.27	0.78	0.45	-0.19	-0.37	0.33	0.32	0.38	-0.27	0.55	0.58
Interest Expense	0.41		0.55	0.48	0.54	0.47	0.77	0.76	0.77	0.44	0.56	0.73	-0.26	0.78	0.14	0.68	0.5	-0.07	0.06	0.24	0.76	0.1	-0.88	0.79	0.68
Selling General Administrative	0.74	0.55		0.9	0.92	0.91	0.48	0.52	0.55	0.87	1.0	0.47	-0.25	0.5	0.43	0.94	0.61	-0.13	-0.39	0.36	0.49	0.39	-0.38	0.42	0.52
Total Revenue	0.71	0.48	0.9		0.97	1.0	0.64	0.68	0.7	0.99	0.89	0.64	-0.3	0.65	0.63	0.89	0.81	-0.16	-0.48	0.19	0.49	0.45	-0.45	0.45	0.51
Gross Profit	0.69	0.54	0.92	0.97		0.96	0.65	0.69	0.7	0.94	0.92	0.65	-0.31	0.67	0.62	0.94	0.83	-0.16	-0.39	0.21	0.58	0.44	-0.51	0.49	0.56
Other Operating Expenses	0.72	0.47	0.91	1.0	0.96		0.6	0.65	0.67	1.0	0.9	0.61	-0.28	0.62	0.6	0.88	0.77	-0.16	-0.5	0.21	0.46	0.44	-0.42	0.43	0.5
Operating Income	0.35	0.77	0.48	0.64	0.65	0.6		0.95	0.95	0.62	0.48	1.0	-0.16	1.0	0.59	0.58	0.83	0.06	-0.28	0.06	0.69	0.19	-0.87	0.66	0.57
Ebit	0.39	0.76	0.52	0.68	0.69	0.65	0.95		1.0	0.66	0.52	0.93	-0.46	0.95	0.46	0.63	0.79	-0.24	-0.3	0.1	0.58	0.26	-0.83	0.73	0.65
Ebitda	0.46	0.77	0.55	0.7	0.7	0.67	0.95	1.0		0.68	0.55	0.93	-0.45	0.96	0.45	0.66	0.78	-0.24	-0.32	0.13	0.58	0.28	-0.83	0.76	0.67
Cost Of Revenue	0.7	0.44	0.87	0.99	0.94	1.0	0.62	0.66	0.68		0.86	0.62	-0.28	0.63	0.62	0.85	0.78	-0.16	-0.51	0.17	0.44	0.44	-0.41	0.41	0.48
Total Operating Expenses	0.73	0.56	1.0	0.89	0.92	0.9	0.48	0.52	0.55	0.86		0.47	-0.26	0.51	0.42	0.94	0.62	-0.13	-0.36	0.35	0.5	0.4	-0.4	0.44	0.54
Income Before Tax	0.36	0.73	0.47	0.64	0.65	0.61	1.0	0.93	0.93	0.62	0.47		-0.13	0.99	0.63	0.56	0.83	0.1	-0.32	0.05	0.68	0.19	-0.84	0.63	0.53
Total Other Income Expense Net	-0.22	-0.26	-0.25	-0.3	-0.31	-0.28	-0.16	-0.46	-0.45	-0.28	-0.26	-0.13		-0.21	0.29	-0.34	-0.15	0.86	0.04	-0.13	0.14	-0.35	0.23	-0.49	-0.48
Net Income	0.39	0.78	0.5	0.65	0.67	0.62	1.0	0.95	0.96	0.63	0.51	0.99	-0.21		0.54	0.61	0.83	0.03	-0.26	0.07	0.68	0.24	-0.88	0.71	0.62
Income Tax Expense	0.27	0.14	0.43	0.63	0.62	0.6	0.59	0.46	0.45	0.62	0.42	0.63	0.29	0.54		0.4	0.73	0.37	-0.56	-0.07	0.47	0.01	-0.26	-0.05	-0.06
Research Development	0.78	0.68	0.94	0.89	0.94	0.88	0.58	0.63	0.66	0.85	0.94	0.56	-0.34	0.61	0.4		0.67	-0.21	-0.3	0.35	0.64	0.33	-0.51	0.6	0.68
Net Income From Continuing Ops	0.45	0.5	0.61	0.81	0.83	0.77	0.83	0.79	0.78	0.78	0.62	0.83	-0.15	0.83	0.73	0.67		0.02	-0.22	-0.04	0.64	0.42	-0.68	0.51	0.51
Non Operating Income Net Other	-0.19	-0.07	-0.13	-0.16	-0.16	-0.16	0.06	-0.24	-0.24	-0.16	-0.13	0.1	0.86	0.03	0.37	-0.21	0.02		-0.03	0.08	0.18	-0.25	0.0	-0.34	-0.34
Minority Interest	-0.37	0.06	-0.39	-0.48	-0.39	-0.5	-0.28	-0.3	-0.32	-0.51	-0.36	-0.32	0.04	-0.26	-0.56	-0.3	-0.22	-0.03		-0.18	0.11	-0.01	-0.09	0.1	0.1
Non Recurring	0.33	0.24	0.36	0.19	0.21	0.21	0.06	0.1	0.13	0.17	0.35	0.05	-0.13	0.07	-0.07	0.35	-0.04	0.08	-0.18		-0.04	0.25	-0.08	0.32	0.42
Tax Provision	0.32	0.76	0.49	0.49	0.58	0.46	0.69	0.58	0.58	0.44	0.5	0.68	0.14	0.68	0.47	0.64	0.64	0.18	0.11	-0.04		-0.12	-0.67	0.47	0.48
Interest Income	0.38	0.1	0.39	0.45	0.44	0.44	0.19	0.26	0.28	0.44	0.4	0.19	-0.35	0.24	0.01	0.33	0.42	-0.25	-0.01	0.25	-0.12		-0.33	0.5	0.48
Net Interest Income	-0.27	-0.88	-0.38	-0.45	-0.51	-0.42	-0.87	-0.83	-0.83	-0.41	-0.4	-0.84	0.23	-0.88	-0.26	-0.51	-0.68	0.0	-0.09	-0.08	-0.67	-0.33		-0.82	-0.65
Reconciled Depreciation	0.55	0.79	0.42	0.45	0.49	0.43	0.66	0.73	0.76	0.41	0.44	0.63	-0.49	0.71	-0.05	0.6	0.51	-0.34	0.1	0.32	0.47	0.5	-0.82		0.91
Extraordinary Items	0.58	0.68	0.52	0.51	0.56	0.5	0.57	0.65	0.67	0.48	0.54	0.53	-0.48	0.62	-0.06	0.68	0.51	-0.34	0.1	0.42	0.48	0.48	-0.65	0.91

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Lincoln Electric Account Relationship Matchups

Lincoln Electric income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	117.7M	80.5M	81.1M	78.1M	86.7M	60.5M
Interest Expense	23.4M	22.0M	22.2M	29.5M	44.4M	46.6M
Selling General Administrative	621.5M	543.8M	597.1M	656.6M	758.9M	451.9M
Total Revenue	3.0B	2.7B	3.2B	3.8B	4.2B	2.3B
Gross Profit	1.0B	871.3M	1.1B	1.3B	1.5B	746.9M
Other Operating Expenses	2.6B	2.3B	2.8B	3.1B	3.5B	2.0B
Operating Income	370.9M	282.1M	357.0M	612.3M	717.8M	753.7M
Ebit	370.9M	329.9M	594.1M	622.1M	738.0M	774.9M
Ebitda	488.6M	410.3M	675.2M	700.1M	824.7M	865.9M
Cost Of Revenue	2.0B	1.8B	2.2B	2.5B	2.7B	1.5B
Total Operating Expenses	621.5M	543.8M	597.1M	656.6M	758.9M	460.9M
Income Before Tax	368.5M	264.0M	325.0M	592.8M	686.9M	721.2M
Total Other Income Expense Net	(2.4M)	(18.0M)	(136.7M)	(19.5M)	(31.0M)	(29.4M)
Net Income	293.1M	206.1M	276.6M	472.2M	545.2M	572.5M
Income Tax Expense	75.4M	57.9M	48.4M	120.6M	141.6M	72.0M
Research Development	56.8M	51.4M	56.0M	63.2M	71.2M	41.1M
Net Income Applicable To Common Shares	293.1M	206.1M	276.5M	472.2M	543.1M	570.2M
Net Income From Continuing Ops	293.1M	206.1M	276.6M	472.2M	545.2M	307.8M
Non Operating Income Net Other	2.5M	3.9M	(114.5M)	10.0M	9.0M	9.4M
Non Recurring	15.2M	45.5M	9.8M	11.8M	13.6M	17.3M
Tax Provision	75.4M	57.9M	48.4M	120.6M	127.8M	91.9M
Net Interest Income	(23.4M)	(22.0M)	(22.2M)	(29.5M)	(44.4M)	(42.2M)
Reconciled Depreciation	81.5M	80.5M	81.1M	78.1M	83.8M	85.7M

Pair Trading with Lincoln Electric

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lincoln Electric position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lincoln Electric will appreciate offsetting losses from the drop in the long position's value.

Moving together with Lincoln Stock

0.71	MKTAY	Makita Corp	Pair Corr
0.65	CVR	Chicago Rivet Machine	Pair Corr
0.82	KMT	Kennametal	Pair Corr
0.73	RBC	RBC Bearings	Pair Corr

Moving against Lincoln Stock

0.61	SWK	Stanley Black Decker	Pair Corr
0.48	EML	Eastern	Pair Corr
0.35	TKR	Timken Company	Pair Corr

The ability to find closely correlated positions to Lincoln Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lincoln Electric when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lincoln Electric - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lincoln Electric Holdings to buy it.

The correlation of Lincoln Electric is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lincoln Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lincoln Electric Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Lincoln Electric can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Lincoln Electric Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lincoln Electric's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lincoln Electric Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lincoln Electric Holdings Stock:

How To Invest In Lincoln

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Is Lincoln Stock a good investment?

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What is Lincoln Electric's Net Worth?

Details

Largest Industrial Machinery & Supplies & Components Companies

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Largest Tools & Accessories Companies

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You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lincoln Electric. If investors know Lincoln will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lincoln Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.20)

Dividend Share

2.84

Earnings Share

8.38

Revenue Per Share

71.184

Quarterly Revenue Growth

(0.05)

The market value of Lincoln Electric Holdings is measured differently than its book value, which is the value of Lincoln that is recorded on the company's balance sheet. Investors also form their own opinion of Lincoln Electric's value that differs from its market value or its book value, called intrinsic value, which is Lincoln Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lincoln Electric's market value can be influenced by many factors that don't directly affect Lincoln Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Lincoln Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lincoln Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lincoln Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Lincoln Historical Income Statement

About Lincoln Income Statement Analysis

Lincoln Electric Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Lincoln Electric income statement Correlations

Lincoln Electric Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Lincoln Electric income statement Accounts

Pair Trading with Lincoln Electric

Moving together with Lincoln Stock

Moving against Lincoln Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Operating Expenses	+ 1.0	Selling General Administrative
Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Income Before Tax	+ 1.0	Operating Income
Net Income	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit

Net Interest Income	- 0.88	Net Income
Net Interest Income	- 0.88	Interest Expense
Net Interest Income	- 0.87	Operating Income
Net Interest Income	- 0.84	Income Before Tax
Net Interest Income	- 0.83	Ebitda
Net Interest Income	- 0.83	Ebit