Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Q2 2022 Earnings Conference Call July 28, 2022 10:00 AM ET
Company Participants
Amanda Butler - VP, IR and Communications
Christopher Mapes - Chairman, President and CEO
Gabriel Bruno - CFO
Steven Hedlund - COO
Conference Call Participants
Saree Boroditsky - Jefferies
Bryan Blair - Oppenheimer
Joe Grabowski - Baird
Chris Dankert - Loop Capital
Adam Farley - Stifel
Chris Dankert - Loop Capital
Steve Barger - KBCM
Operator
Greetings, and welcome to the Lincoln Electric 2022 Second Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode. And this call 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, Dylan, and good morning, everyone. Welcome to Lincoln Electric's second quarter 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 on the call today is Chris Mapes, Lincoln's Chairman, President and Chief Executive Officer; Gabe Bruno, our Chief Financial Officer; and Steve Hedlund, our Chief Operating Officer. Chris and Steve will begin with a discussion and overview of our results and business trends. Gabe will cover our quarterly financial performance in more detail. And finally, Chris will conclude with a review of updated assumptions for the year. And following our prepared remarks, we're 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, and 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 pass the call over to Chris Mapes. Chris?
Christopher Mapes
Thank you, Amanda. Good morning, everyone.
Turning to Slide 3. We I'm pleased to report another quarter of record sales, profitability, earnings and returns. The organization did an excellent job capitalizing on growth and effectively manage the challenging operating environment. Demonstrating the success of our customer-first approach and the strong execution of our commercial and operational Higher Standard 2025 Strategy initiatives.