Lincoln Electric Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 25, 2024 at 07:30 am EDT
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Lincoln Electric Holdings, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 981.2 million compared to USD 1,039.34 million a year ago. Net income was USD 123.42 million compared to USD 121.93 million a year ago.
Basic earnings per share from continuing operations was USD 2.17 compared to USD 2.12 a year ago. Diluted earnings per share from continuing operations was USD 2.14 compared to USD 2.09 a year ago.
Lincoln Electric Holdings, Inc. is a manufacturer of welding, cutting and brazing products. Its segments include Americas Welding, International Welding, and the Harris Products Group. Americas Welding segment includes welding operations in North and South America. International Welding segment includes welding operations in Europe, Africa, Asia, and Australia. Harris Products Group includes its global oxyfuel cutting, soldering and brazing businesses and its retail business in the United States. Its products include arc welding, brazing and soldering filler metals (consumables), arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, specialty gas regulators, and education solutions; and a comprehensive portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing. It offers automation system integration and technology, specializing in automated welding systems.