NasdaqGS:LECOMachinery
Lincoln Electric (LECO) Net Profit Margin Falls to 12.3%, Challenging Quality Growth Narrative
Lincoln Electric Holdings (LECO) has averaged 17.6% annual earnings growth over the past five years, but saw negative earnings growth in the most recent year. The company's net profit margin sits at 12.3%, down slightly from 12.5% a year ago. Shares are trading at a price-to-earnings ratio of 25.9x compared to the US Machinery industry average of 24.6x. Looking ahead, revenue is forecast to grow at 5.3% per year and earnings at 8.6% per year, both trailing the market averages. Ongoing profit...