Lincoln Electric (LECO) Q2 Earnings Beat, Revenues Dip Y/Y
LECOLincoln Electric(LECO) ZACKS·2024-08-03 02:10

Lincoln Electric Holdings, Inc. (LECO) reported adjusted earnings of 2.34pershareinthesecondquarterof2024,beatingtheZacksConsensusEstimateof2.34 per share in the second quarter of 2024, beating the Zacks Consensus Estimate of 2.30. The bottom line decreased 4.1% year over year.Including one-time items, the bottom line was 1.77persharecomparedwith1.77 per share compared with 2.36 in the prior-year quarter.Total revenues fell 3.7% year over year to 1.02billion.However,thetoplinemarginallybeattheZacksConsensusEstimateof1.02 billion. However, the top line marginally beat the Zacks Consensus Estimate of 1.01 billion. The decline was due to a 4.4% fall in organic sales, ...