Lincoln Electric Holdings Inc. (LECO) stock soared 12.30% in pre-market trading on Thursday, following the company's impressive fourth-quarter 2024 results and upbeat outlook for 2025.
The welding products manufacturer reported adjusted earnings of $2.57 per share for the fourth quarter, beating analyst estimates of $2.01 by a significant 28.9%. Revenue for the quarter rose 3.4% year-over-year to $1.02 billion, surpassing expectations of $998.7 million.
The strong performance was driven by robust demand across all segments, particularly in the Americas Welding and The Harris Products Group divisions. Lincoln Electric benefited from pricing actions, acquisitions, and operational improvements, which helped offset the impact of unfavorable foreign exchange rates.
Looking ahead, the company provided an optimistic outlook for 2025, citing continued momentum in key end markets and the expected benefits from recent acquisitions and cost-saving initiatives. Lincoln Electric's management expressed confidence in capitalizing on growth opportunities and delivering superior value for stakeholders.
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