Lincoln Electric Holdings Inc.(LECO) reported that net income for the first quarter 2012 was $64.2 million, or $0.76 per share, up from $46.9 million, or $0.55 per share, in the first quarter 2011. Adjusted net income for 2012 increased to $64.2 million, or $0.76 per share, from $42.3 million, or $0.50 per share, in 2011
Sales were $727.1 million in the first quarter 2012 versus $599.2 million in the comparable 2011 period, an increase of 21.4%.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.66 per share on revenues of $702.25 million for the quarter. Analysts' estimates typically exclude special items.
by RTT Staff Writer
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