Weakness in the manufacturing sector, slowdown in new orders and lingering effects of supply chain issues have marred the outlook of the Zacks Manufacturing-Tools & Related Products industry. The shortage of skilled labor in the United States is another concern for the industry. However, industry participants' focus on cost-control measures and investments in product development have been allowing them to stay competitive in the market. Stanley Black & Decker, Inc. (SWK) and Lincoln Electric Holdings, Inc. ...

Exhibit 99.1 Investor Relations: Amanda Butler (216) 383-2534 Amanda_Butler@lincolnelectric.com LINCOLN ELECTRIC REPORTS SECOND QUARTER 2024 RESULTS Second Quarter 2024 Highlights CLEVELAND, Wednesday, July 31, 2024 - Lincoln Electric Holdings, Inc. (the "Company") (Nasdaq: LECO) today reported second quarter 2024 net income of $101.7 million, or diluted earnings per share (EPS) of $1.77, which includes special item after-tax net charges of $32.6 million, or $0.57 EPS. This compares with prior year period n ...

Cyclical downturns can be a good time to look for quality names looking at depressed near-term results, and that would seem to apply to Lincoln Electric (NASDAQ:LECO). This leading player in welding and factory automation has seen basically all of its major markets slip into contraction and with higher rates, economic uncertainty, and nervousness around the election all in play, a recovery may not be in the works until sometime in 2025. Down almost 30% from its high, Lincoln is up about 10% since my last up ...

Lincoln Electric Holdings, Inc. (LECO) shares have lost 20.9% in the past three months compared with the industry's 10% decline. This mainly reflects escalating freight and material costs. Low volumes in the Harris Products Group add to the woes. Image Source: Zacks Investment Research High Costs, Weakness in Harris Products Group Ail Lincoln Electric is witnessing inflationary headwinds from escalating labor and raw material costs that impacted its margins. In addition, continued risks of possible supply-c ...

Lincoln Electric Holdings, Inc. (LECO) reported record first-quarter 2024 adjusted earnings of $2.23 per share, beating the Zacks Consensus Estimate of $2.15. Gains from effective cost management helped offset the impact of lower revenues, resulting in a 4.7% year-over-year increase in earnings.Including one-time items, the bottom line was $2.14 per share compared with $2.09 in the year-ago quarter.Total revenues declined 5.6% year over year to $981 million. The top line missed the Zacks Consensus Estimate ...

or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Commission File Number: 0-1402 LINCOLN ELECTRIC HOLDINGS, INC. (Exact name of registrant as specified in its charter) Oh ...

For the quarter ended March 2024, Lincoln Electric Holdings (LECO) reported revenue of $981.2 million, down 5.6% over the same period last year. EPS came in at $2.23, compared to $2.13 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.04 billion, representing a surprise of -5.36%. The company delivered an EPS surprise of +3.72%, with the consensus EPS estimate being $2.15.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...

Lincoln Electric Holdings (LECO) came out with quarterly earnings of $2.23 per share, beating the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $2.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.72%. A quarter ago, it was expected that this manufacturer of specialized welding products and other equipment would post earnings of $2.19 per share when it actually produced earnings of $2.45, deliver ...

Exhibit 99.1 Investor Relations: Amanda Butler (216) 383-2534 Amanda_Butler@lincolnelectric.com LINCOLN ELECTRIC REPORTS FIRST QUARTER 2024 RESULTS First Quarter 2024 Highlights CLEVELAND, Thursday, April 25, 2024 - 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 i ...

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