Lincoln electric reports fourth quarter and full year 2023 results

Cleveland, feb. 15, 2024 (globe newswire) -- lincoln electric holdings, inc. (the “company”) (nasdaq: leco) today reported fourth quarter 2023 net income of $156.6 million, or diluted earnings per share (eps) of $2.70, which includes special item after-tax net gains of $14.6 million, or $0.25 eps.  this compares with prior year period net income of $109.1 million, or $1.87 eps, which included special item after-tax net charges of $4.1 million.  excluding special items, fourth quarter 2023 adjusted net income was $142 million, or $2.45 adjusted eps.  this compares with adjusted net income of $113.2 million, or $1.94 adjusted eps, in the prior year period.
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