CLEVELAND (AP) — CLEVELAND (AP) — Lincoln Electric Holdings Inc. (LECO) on Thursday reported fourth-quarter earnings of $140.2 million.
The Cleveland-based company said it had profit of $2.47 per share. Earnings, adjusted for one-time gains and costs, came to $2.57 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The manufacturer of specialized welding products and other equipment posted revenue of $1.02 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $995.9 million.
For the year, the company reported profit of $466.1 million, or $8.15 per share. Revenue was reported as $4.01 billion.
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