Lincoln Electric Q4 Profit Rises - Quick Facts

(RTTNews) - Lincoln Electric Holdings, Inc. (LECO) reported that its fourth-quarter net income increased to $88.3 million, or $1.07 per share, from $62.1 million, or $0.74 per share, last year. Adjusted net income was $89.2 million, or $1.09 per share, for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.86 for the quarter. Analysts' estimates typically exclude special items.

Sales increased 4.4% to $714.8 million, from $684.6 million, a year ago. The company said this increase reflects higher volumes and acquisitions, which was partially offset by unfavorable foreign exchange translation. Analysts expected revenue of $693.26 million for the quarter.