Lincoln Electric Holdings, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
February 15, 2024 at 07:30 am EST
Share
Lincoln Electric Holdings, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,058.51 million compared to USD 930.93 million a year ago. Net income was USD 156.64 million compared to USD 109.15 million a year ago.
Basic earnings per share from continuing operations was USD 2.75 compared to USD 1.89 a year ago. Diluted earnings per share from continuing operations was USD 2.7 compared to USD 1.87 a year ago.
Lincoln Electric Holdings, Inc. is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding, and the Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment includes welding operations in Europe, Africa, Asia, and Australia. The Harris Products Group includes the Companyâs global cutting, soldering and brazing businesses, specialty gas equipment, as well as the retail business in the United States. The Companyâs 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; as well as a comprehensive portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing.