Lincoln Electric (LECO) Q1 Earnings Top Estimates, Rise Y/Y

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 ...