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Shares of Lincoln Electric Holdings (NASDAQ:LECO) were unchanged after the company reported Q2 results.
Quarterly Results
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Earnings per share fell 37.50% year over year to $0.80, which beat the estimate of $0.34.
Revenue of $590,727,000 declined by 23.97% year over year, which beat the estimate of $549,360,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
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Date: Jul 27, 2020
Time: 10:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/younzhvp
Technicals
52-week high: $98.32
52-week low: $59.30
Price action over last quarter: Up 13.01%
Company Overview
Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm's portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $3 billion in sales and nearly $400 million in adjusted operating income in 2019.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.