Lincoln Electric Q2 Profit Rises - Quick Facts

(RTTNews) - Lincoln Electric Holdings Inc. (LECO) reported that its second-quarter net income increased to $72.6 million, or $0.87 per share, from $66.3 million or $0.79 per share, last year. Adjusted net income was $75.7 million, or $0.91 per share for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit of $0.88 per share for the quarter. Analysts' estimates typically exclude special items.

Sales were $727.4 million, compared to $744.0 million prior year. Analysts expected revenue of $759.81 million for the quarter.

The company's Board declared a quarterly cash dividend of $0.20 per share, which was paid on July 15, 2013 to holders of record on June 28, 2013.