Lincoln Electric Q3 Results Top Estimates; Boosts Dividend 14.3%

RTTNews | 988 days ago
Lincoln Electric Q3 Results Top Estimates; Boosts Dividend 14.3%

(RTTNews) - Lincoln Electric Holdings, Inc. (LECO) reported Tuesday that net income for the third quarter soared to $109.23 million or $1.87 per share from $31.76 million or $0.53 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $119.57 million or $2.04 per share, compared to $93.75 million or $1.56 per share in the year-ago quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report earnings of $1.95 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter increased 16 percent to a record of $935.24 million from $806.45 million in the same quarter last year. Organic sales grew 21 percent. Analysts expected revenues of $910.93 million.

Further, the company's Board of Directors declared a 14.3 percent higher quarterly cash dividend of $0.64 per share, payable on January 14, 2023 to shareholders of record as of December 31, 2022.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
RTTNews | 8h 4min ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment

European Stocks Close Weak As Trade War Fears Hurt Sentiment

European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
RTTNews | 8h 21min ago
Canadian Market Remains Weak On Tariff Concerns

Canadian Market Remains Weak On Tariff Concerns

After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews | 9h 0min ago
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 12h 44min ago
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 12h 51min ago