Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Q4 2022 Earnings Conference Call February 21, 2023 10:00 AM ET
Company Participants
Amanda Butler - Vice President of Investor Relations and Communications
Chris Mapes - Chairman, President and Chief Executive Officer
Steve Hedland - Chief Operating Officer
Gabe Bruno - Chief Financial Officer
Conference Call Participants
Saree Boroditsky - Jefferies
Bryan Blair - Oppenheimer
Mig Dobre - Baird
Adam Farley - Stifel
Dillon Cumming - Morgan Stanley
Steve Barger - KeyBanc
Operator
Greetings, and welcome to the Lincoln Electric 2022 Fourth Quarter and Full-Year Financial Results Conference Call. At this time, all participants are in a listen-only mode, and this conference is being recorded.
It is my pleasure to introduce your host, Amanda Butler, Vice President of Investor Relations and Communications. Thank you, you may begin.
Amanda Butler
Thank you, Kevin, and good morning, everyone. Welcome to Lincoln Electric's fourth quarter and full-year 2022 conference call. We released our financial results earlier today, and you can find our release as an attachment to this call's slide presentation, as well as on the Lincoln Electric website at lincolnelectric.com in the Investor Relations section.
Joining me on the call today is Chris Mapes, Lincoln's Chairman, President and Chief Executive Officer; Gabe Bruno, our Chief Financial Officer; and Steve Hedland, our Chief Operating Officer. Chris will begin with full-year highlights; Steve will provide the discussion of end market trends; and Gabe will cover our quarterly financial performance in more detail. And then finally, Chris will conclude with our full-year 2023 assumptions. Following our prepared remarks, we are happy to take your questions.
Before we start our discussion, please note that certain statements made during this call may be forward-looking and actual results may differ materially from our expectations due to a number of risk factors. A discussion of some of the risks and uncertainties that may affect our results are provided in our press release and in our SEC filings on Forms 10-K and 10-Q.
In addition, we discussed financial measures that do not conform to U.S. GAAP. A reconciliation of non-GAAP measures to the most comparable GAAP measure is found in the financial tables in our earnings release, which again is available in the Investor Relations section of our website at lincolnelectric.com.
And with that, I'll turn the call over to Chris Mapes. Chris?
Chris Mapes
Thank you, Amanda. Good morning, everyone. Turning to slide three, I'm pleased to report another record year of sales at $3.8 billion, record profitability at 16.8% and record earnings performance at $8.27 per share.