Lincoln Electric Holdings Reports Strong Fourth Quarter and Fiscal Year Results
LECO (LECO) reported a net income of $140.2 million for the fourth quarter, translating to $2.47 per share. Adjusted for non-recurring items, earnings per share reached $2.57, exceeding analysts' expectations of $2 per share.
Revenue for the quarter stood at $1.02 billion, surpassing estimates of $995.9 million. For the full fiscal year, the company posted a net income of $466.1 million ($8.15 per share) and revenue of $4.01 billion.
These results demonstrate Lincoln Electric Holdings' continued financial strength and market position as a leading manufacturer of welding products and equipment.