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Stock impact report

Lincoln Electric Reports First Quarter 2024 Results

Lincoln Electric Holdings, Inc. - Common Shares (LECO) 
Last lincoln electric holdings, inc. - common shares earnings: 4/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.lincolnelectric.com
Company Research Source: Business Wire
First Quarter 2024 HighlightsNet sales of $981 millionOperating income margin of 16.8%; Adjusted operating income margin of 17.5%Record EPS of $2.14; record Adjusted EPS of $2.23Cash flows from operations increase 8% to record $133 millionReturned $152 million to shareholders through dividends and share repurchases CLEVELAND--(BUSINESS WIRE)--Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported first quarter 2024 net income of $123.4 million, or diluted earnings per share (EPS) of $2.14, which includes special item after-tax net charges of $5.2 million, or $0.09 EPS. This compares with prior year period net income of $121.9 million, or $2.09 EPS, which included special item after-tax net charges of $2.3 million, or $0.04 EPS. Excluding special items, first quarter 2024 adjusted net income was $128.7 million, or $2.23 adjusted EPS. This compares with adjusted net income of $124.2 million, or $2.13 adjusted EPS, in the prior year period.First quarter 2024 sal Show less Read more
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