Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Q1 2024 Earnings Call Transcript

Walt Liptak: Okay. Great. And then maybe just one last one. Were you guys asked about just the cadence of U.S. demand for equipment and consumables January, February, March, April, how — if you saw any trends that you talked to as well.

Gabriel Bruno: Yes. So we did comment on that, Walt. So just consider a pretty choppy environment. The one thing we pointed to in our comments here is we did see some pressure on consumables, particularly on the heavy industry side. So while overall strength in equipment and investment automation within heavy industries, more pressure on the consumable side of our business. And we just expect on the heavy industry side to — that would continue into the second quarter. We are more optimistic in the mix of consumables and general industries. That’s a good framework when you think about PMI, that was relatively steady. So that was good in the first quarter, and we expect that to continue into the second quarter. And we look to some of the positive macros on PMI to result in strength in short-cycle orders. So that’s what we’re looking to.

Operator: This concludes our question-and-answer session. I would like to turn the call back to Gabe Bruno for closing remarks.

Gabriel Bruno: Thank you, Sarah. I’d like to thank everyone for joining us on the call today and for your continued interest in Lincoln Electric. We look forward to discussing the progression of our strategic initiatives in the future. Thank you very much.

Operator: This concludes today’s conference call. We thank you for joining. You may now disconnect your lines.