Despite Revenue Decline, Adjusted Earnings and Cash Flow Reach Record Levels
The headline numbers for Lincoln Electric (LECO) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Lincoln Electric (LECO) delivered earnings and revenue surprises of 3.72% and 5.36%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?