Lincoln electric reports third quarter 2022 results

Cleveland, oct. 27, 2022 (globe newswire) -- lincoln electric holdings, inc. (the “company”) (nasdaq: leco) today reported third quarter 2022 net income of $109.2 million, or diluted earnings per share (eps) of $1.87 which includes special item after-tax net charges of $10.3 million or $0.17 eps. this compares with prior year period net income of $31.8 million, or $0.53 eps, which included special item after-tax charges of $62.0 million, or $1.03 eps. excluding these items, third quarter 2022 adjusted net income was $119.6 million, or $2.04 adjusted eps. this compares with adjusted net income of $93.8 million, or $1.56 adjusted eps, in the prior year period.
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