Lincoln Electric Holdings Inc

LECO: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Lincoln Electric Earnings: Broad-Based Volume Declines Amid Weak Macro and Lower Capital Spending

Krzysztof Smalec

Oct 31, 2024

Narrow-moat-rated Lincoln Electric’s third-quarter adjusted EPS decreased by 11% from the prior-year period to $2.14 amid continued headwinds from lower industrial production and slower capital spending in the automotive sector. We’ve lowered our fair value estimate to $182 from $184, which reflects our slightly more muted near-term revenue growth projections.

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Lincoln Electric Holdings Inc

Lincoln Electric Earnings: Broad-Based Volume Declines Amid Weak Macro and Lower Capital Spending

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