Lincoln Electric Holdings Inc. (LECO) reported first-quarter net income of $66.8 million or $0.80 per share, compared to $64.2 million or $0.76 per share, last year. Adjusted net income was $77.1 million or $0.92 per share, compared to $64.2 million or $0.76 per share, prior year. Sales were $718.6 million, compared to $727.1 million last year, a decrease of 1.2%. Operating income decreased $3.0 million to $88.6 million. Adjusted profit per share was $0.92 compared to $0.76 prior year.
The effective tax rate was 26.3% compared to 31.0% prior year. The lower effective tax rate is due to the effect of the renewed U.S. research and development credit and decreases in the valuation allowance, the company said.
On average, eight analysts polled by Thomson Reuters expected the company to report profit of $0.79 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $736.63 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.