Lincoln Electric Reports Q4 EPS of $0.90 vs. $0.82

Lincoln Electric Holdings, Inc. LECO today reported fourth quarter 2010 net income of $41.5 million, or $0.98 per diluted share. Sales were $564.3 million in the fourth quarter 2010 versus $462.4 million in the comparable 2009 period, an increase of 22.0%. Operating income for the fourth quarter increased $13.4 million to $52.3 million, or 9.3% of sales, from $39.0 million in the comparable 2009 period. Adjusted operating income in the quarter was $54.5 million, or 9.7% of sales. Adjusted net income was $38.3 million, or $0.90 per diluted share, compared with $27.7 million, or $0.65 per diluted share, in the fourth quarter 2009.