Lincoln Electric (LECO) Reports In-Line Q2 EPS
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Lincoln Electric Reports Second Quarter 2018 Results
July 23, 2018 7:30 AM EDTSecond Quarter 2018 Highlights
Sales increase 26.0% with 9.3% higher organic salesEPS increases 13.0% to $1.04, Adjusted EPS increases 25.8% to $1.22ROIC increases 200 basis points to 18.0%CLEVELAND, July 23, 2018 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the Company) (Nasdaq: LECO) today reported second quarter 2018 net income of $68.9 million, or diluted earnings per share (EPS) of $1.04. This compares with $61.4 million, or $0.92 EPS in the prior year period. Reported EPS includes special item after-tax charges of $11.5 million, or $0.18 EPS. Excluding these items, second quarter 2018 adjusted net income increased 24.0% to $80.4 million, or $1.22... More
