Lincoln electric reports third quarter 2021 results

Cleveland, oct. 28, 2021 (globe newswire) -- lincoln electric holdings, inc. (the “company”) (nasdaq: leco) today reported third quarter 2021 net income of $31.8 million, or diluted earnings per share (eps) of $0.53, which includes special item after-tax charges of $62.0 million, or $1.03 eps. special item charges primarily relate to the termination of a pension plan. this compares with prior year period net income of $58.5 million, or $0.97 eps, which included special item after-tax charges of $7.5 million, or $0.13 eps. excluding these items, third quarter 2021 adjusted net income was $93.8 million, or $1.56 adjusted eps. this compares with adjusted net income of $66.0 million, or $1.10 adjusted eps in the prior year period.
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