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Stock impact report

Lincoln Electric Reports First Quarter 2020 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: GlobeNewswire
First Quarter 2020 Highlights •  Operating as an “essential business” (1) in substantially all locations to serve customers • Implemented best practice hygiene and safety measures to protect employees • Net sales declined 7.5%; Organic sales declined 9.5% • Operating income margin declined 90 basis points to 11.5%; Adjusted operating income margin declined 40 basis points to 12.6% • Q1 EPS decreases 18.8% to $0.91; Adjusted EPS decreases 14.5% to $1.00 • $140 million returned to shareholders through dividends and share repurchases • Solid balance sheet with 1.85 Total debt/EBITDA ratio, $163 million in cash and $314 million in available credit under existing borrowing facilities (1)  "Essential business" defined as business that continues to operate within a critical infrastructure sector established by the Cybersecurity & Infrastructure Security Agency of the U.S. Department of Homeland Security, as well as other governments worldwide. CLEVELAND, April 27, 2020 (GLOBE NEWSWIRE) -- Show less Read more
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