ITW - Lincoln Electric Will Leverage The Short-Cycle Recovery And Growth Should Rebound Significantly
- Lincoln posted a better-than-expected fourth quarter, and guided to high single-digit revenue growth for 2021 as more end-markets return to growth.
- Automation will lag the recovery a bit, but Lincoln is seeing expanded post-pandemic opportunities for automation outside of its traditional core auto market.
- Lincoln is priced like the high-quality industrial it is, and I don't see particularly exciting long-term returns from the sector at today's prices.
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Lincoln Electric Will Leverage The Short-Cycle Recovery And Growth Should Rebound Significantly