Lincoln electric reports first quarter 2021 results

Cleveland, april 27, 2021 (globe newswire) -- lincoln electric holdings, inc. (the “company”) (nasdaq: leco) today reported first quarter 2021 net income of $74.2 million, or diluted earnings per share (eps) of $1.23, which includes special item after-tax charges of $8.6 million, or $0.14 eps. this compares with prior year period net income of $55.6 million, or $0.91 eps, which included special item after-tax charges of $5.4 million, or $0.09 eps. excluding these items, first quarter 2021 adjusted net income was $82.8 million, or $1.37 adjusted eps. this compares with adjusted net income of $60.9 million, or $1.00 adjusted eps in the prior year period.
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