Lincoln Electric makes welding equipment and other metalworking products. In the second quarter of 2024, the company made more money than people expected, but not as much as it made in the same period last year. The company sells less of its products than before, but it is still making a profit. The company is doing okay, but not as well as it was before.
### Final answer: Lincoln Electric did better than expected, but not as well as last year.
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- AI is an AI-generated article that should not be used for investment decisions
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- AI's article story contains factual errors, outdated data, irrelevant information
- AI's article story does not provide a clear thesis, argument, evidence, conclusion
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AI is an AI-generated article that is not suitable for investment decisions, as it suffers from numerous flaws, such as poor structure, lack of coherence, factual errors, outdated data, irrelevant information, emotional language, unreliable sources, and low quality. AI's article story does not provide a clear, objective, data-driven analysis, but rather a vague, inconsistent, biased, irrational, and emotional narrative. AI's article story needs to be revised, updated, and improved, using reliable, credible, primary sources, and following the principles of logic, clarity, coherence, and accuracy.
Neutral
Article's Article's Main Thesis: Lincoln Electric Holdings reported Q2 adjusted earnings of $2.34 per share, beating the Zacks Consensus Estimate of $2.30. Total revenues fell 3.7% year over year to $1.02 billion. The company reported a gross margin of 37.6% compared with the year-ago quarter's 35.2%. The cost of goods sold fell 7.2% to $638 million from the prior-year quarter. The company generated $171 million in cash flow from operations in the quarter under review compared with $199 million in the year-ago quarter.