Positive first quarter for Lincoln Electric


Lincoln Electric Holdings, Inc. reported first quarter 2012 net income of $64.2 million, or $0.76 per diluted share during a successful start to the year for the welding equipment manufacturer.

The Cleveland, OH-based company saw sales rise 21.4 percent to $727 million in the first quarter 2012, versus $599 million for the same period of 2011.

Operating income for the first quarter increased $32.2 million to $91.7 million, or 12.6 percent of sales, from $59.5 million or 9.9 percent of sales, in the comparable 2011 period. Net income for first quarter 2012 was $64.2 million.

“We are pleased to report excellent results for the first quarter of 2012,” commented John M. Stropki, chairman and CEO.

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