Lincoln electric reports third quarter 2020 results

Cleveland, oct. 27, 2020 (globe newswire) -- lincoln electric holdings, inc. (the “company”) (nasdaq: leco) today reported third quarter 2020 net income of $58.5 million, or diluted earnings per share (eps) of $0.97, which includes special item after-tax charges of $7.5 million, or $0.13 eps. this compares with prior year period net income of $72.5 million, or $1.17 eps, which included special item after-tax net benefits of $4.8 million, or $0.08 eps. excluding these items, third quarter 2020 adjusted net income was $66.0 million, or $1.10 adjusted eps. this compares with adjusted net income of $67.7 million, or $1.09 adjusted eps in the prior year period.
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