Lincoln Electric Holdings Inc at Stifel Cross Sector Insight Conference (Virtual) Transcript

Jun 10, 2020

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Jun 10, 2020 / 02:00PM GMT
Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst

Good morning, everyone. This is Nathan Jones from Stifel. We're here with Lincoln Electric this morning and very glad to have Chris Mapes, CEO; and Gabe Bruno, our CFO with us, along with Amanda from Investor Relations.

Questions and Answers:

Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst

I'm just going to jump straight into questions here. (Operator Instructions)

So Lincoln was an early reporter within the earnings with first quarter earnings call before the end of April. And where you've seen very steep declines in sales and order trends, you were talking about down in the low 40s with a large number of customer closures there. Can you talk about how those trends ended up in April? And how, if at all, they improved in May?

Christopher L. Mapes - Lincoln Electric Holdings, Inc. - Chairman, President & CEO

Yes, Nathan, Chris Mapes, and thank you for having

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