CLEVELAND, April 28, 2022 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported first quarter 2022 net income of $126.0 million, or diluted earnings per share (EPS) of $2.13, which includes special item after-tax net gains of $1.3 million, or $0.03 EPS. This compares with prior year period net income of $74.2 million, or $1.23 EPS, which included special item after-tax charges of $8.6 million, or $0.14 EPS. Excluding these items, first quarter 2022 Adjusted net income was $124.7 million, or $2.10 Adjusted EPS. This compares with Adjusted net income of $82.8 million, or $1.37 Adjusted EPS, in the prior year period.
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