Lincoln Electric Holdings Inc (LECO)

Pretax margin

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 686,866 625,595 601,649 588,530 592,827 528,655 429,583 387,328 324,884 334,438 369,299 285,276 264,011 263,165 281,690 351,519 368,519 382,740 386,687 377,463
Revenue (ttm) US$ in thousands 4,188,990 4,038,874 3,953,564 3,875,103 3,761,211 3,674,528 3,545,742 3,402,607 3,234,180 3,083,723 2,946,157 2,710,430 2,655,400 2,697,913 2,759,808 2,946,089 3,003,272 3,010,792 3,017,108 3,030,152
Pretax margin 16.40% 15.49% 15.22% 15.19% 15.76% 14.39% 12.12% 11.38% 10.05% 10.85% 12.53% 10.53% 9.94% 9.75% 10.21% 11.93% 12.27% 12.71% 12.82% 12.46%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $686,866K ÷ $4,188,990K
= 16.40%

The pretax margin of Lincoln Electric Holdings, Inc. has shown varying levels across the quarters provided. In Q4 2023, the pretax margin was at 16.39%, a slight increase from the previous quarter at 15.39%. This indicates that the company was able to generate more profit before tax for each dollar of revenue in the most recent quarter.

Comparing year-over-year, the Q4 2023 pretax margin of 16.39% was higher than the same quarter in the previous year, Q4 2022, which stood at 15.76%. This suggests an improvement in the company's profitability performance over the prior year.

Looking at the trend across the quarters in 2023, there was a general increasing trend from Q2 to Q4, indicating a potentially positive momentum in the company's profitability efficiency during the second half of the year.

Additionally, the pretax margin values for Q4 2023 and Q3 2023 were notably higher compared to the same periods in 2022 (Q4 2022 and Q3 2022), showcasing a positive trend year-over-year.

Overall, the pretax margin analysis suggests that Lincoln Electric Holdings, Inc. has shown improvements in its profitability performance, particularly in the most recent quarter, indicating a potentially positive outlook for the company's financial health.


Peer comparison

Dec 31, 2023

Company name
Symbol
Pretax margin
Lincoln Electric Holdings Inc
LECO
16.40%
SPX Corp
SPXC
7.68%