Lincoln electric reports fourth quarter and full year 2022 results

Cleveland, feb. 21, 2023 (globe newswire) -- lincoln electric holdings, inc. (the “company”) (nasdaq: leco) today reported fourth quarter 2022 net income of $109.1 million, or diluted earnings per share (eps) of $1.87 which includes special item after-tax net charges of $4.1 million or $0.07 eps. this compares with prior year period net income of $74.4 million, or $1.25 eps, which included special item after-tax charges of $21.8 million, or $0.36 eps. excluding these items, fourth quarter 2022 adjusted net income was $113.2 million, or $1.94 adjusted eps. this compares with adjusted net income of $96.2 million, or $1.61 adjusted eps, in the prior year period.
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