Lincoln electric reports first quarter 2023 results

Cleveland, april 27, 2023 (globe newswire) -- lincoln electric holdings, inc. (the “company”) (nasdaq: leco) today reported first quarter 2023 net income of $121.9 million, or diluted earnings per share (eps) of $2.09, which includes special item after-tax net charges of $2.3 million, or $0.04 eps. this compares with prior year period net income of $126.0 million, or $2.13 eps, which included special item after-tax net gains of $1.3 million, or $0.03 eps. excluding these items, first quarter 2023 adjusted net income was $124.2 million, or $2.13 adjusted eps. this compares with adjusted net income of $124.7 million, or $2.10 adjusted eps, in the prior year period.
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