Below are the financial statements of Lincoln Electric Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 4,008.67a | 4,191.64a | 3,761.21a |
| Cost of goods sold | -2,535.76a | -2,726.19a | -2,480.45a |
| Gross profit | 1,472.91a | 1,465.45a | 1,280.76a |
| Selling, general & administrative expenses | -780.59a | -758.91a | -656.64a |
| Rationalization and asset impairment net charges | -55.86a | -11.31a | -11.79a |
| Operating income | 636.46a | 717.85a | 612.34a |
| Interest expense, net | -42.79a | -44.37a | -29.5a |
| Other income | 0.47a | 13.39a | 9.99a |
| Income before income taxes | 594.15a | 686.87a | 592.83a |
| Income taxes | -128.04a | -141.62a | -120.6a |
| Net income | 466.11a | 545.25a | 472.22a |
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