Manufacturing Industry
Lincoln Electric Holdings Inc. (Notes from the Supplier Side).(Brief Article)
Welding Design & Fabrication, November, 2001
* Lincoln Electric Holdings Inc., Cleveland, OH, has announced net income of $19.2 million (45 cents per diluted share) for the 2001 third quarter, compared with $15.7 million (37 cents per diluted share) reported in the year ago period. Excluding a non-recurring after tax charge of $2.8 million, net income would have been 44 cents per share in 2000.
The company reported sales in the quarter of $239.9 million ($159.9 million in U.S. sales), compared with $251.2 million ($167.4 million in U.S. sales) in the year ago quarter. "As expected, the continued softness in the North American market caused sales in the quarter to decrease," said Anthony A. Massaro, Lincoln's chairman and CEO. "The tragic events of September 11th and the ensuing economic malaise will push...
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