Lincoln Electric Holdings (LECO) reported second quarter net income of $101.7 million, or earnings per share of $1.77 compared with $137.3 million, or $2.36 per share, last year. Adjusted net income was $134.3 million, or $2.34 per share compared with $142.2 million, or $2.44 per share. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $2.29, for the quarter. Analysts' estimates typically exclude special items.
Second quarter sales decreased 3.7% to $1.022 billion reflecting a 4.4% decrease in organic sales and a 1.2% benefit from acquisitions. Analysts on average had estimated $1.02 billion in revenue.
Separately, Lincoln Electric announced that it has acquired Vanair Manufacturing, a privately held, Michigan City, Indiana-based, manufacturer of mobile power solutions serving the U.S. service truck market. Vanair's results will be reported in the Americas Welding Segment.
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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.