Lincoln Electric sales for 2018 rose 15.4 percent to $3.0 billion, resulting in $375.5 million in operating income.
Fourth quarter sales of $743.8 million were down 0.4 percent to 2017, but operating income was up 6.6 percent, from $90.7 million to $96.7 million. Lincoln manufactures arc welding products.
“We achieved good profit improvement and solid cash flow generation in the fourth quarter, as we continued to successfully manage price/cost while investing in growth,” Christopher L. Mapes , chairman, president, and CEO said in a prepared statement. “We capitalized on strong industrial growth in 2018, yielding record sales and earnings, and I remain confident in the long-term, sustainable value we are creating through our new technologies and solutions. We are well positioned to drive margin growth and higher returns for our shareholders in 2019 as we continue to execute on our strategic initiatives.”
Source: Lincoln Electric