Lincoln electric reports fourth quarter and full year 2021 results

Cleveland, feb. 10, 2022 (globe newswire) -- lincoln electric holdings, inc. (the “company”) (nasdaq: leco) today reported fourth quarter 2021 net income of $74.4 million, or diluted earnings per share (eps) of $1.25, which includes special item after-tax charges of $21.8 million, or $0.36 eps. special item charges primarily relate to the termination of a pension plan. this compares with prior year period net income of $65.1 million, or $1.08 eps, which included special item after-tax charges of $9.9 million, or $0.16 eps. excluding these items, fourth quarter 2021 adjusted net income was $96.2 million, or $1.61 adjusted eps. this compares with adjusted net income of $75.0 million, or $1.24 adjusted eps, in the prior year period.
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