Lincoln Electric gains on Q3 profit beat, dividend hike

Lincoln Electric Holdings

27/10/2023 14:42

** Shares of welding products maker Lincoln Electric
 LECO.O  up 1.6% at $170.87
    ** Co's Q3 adj EPS handily tops estimates, while net sales
just scrapes past expectations
    ** Hikes dividend by 11% to $0.71 per share
    ** CEO says Q3 results reflect "acceleration from automation
acquisitions, low- to-mid-single digit percent volume growth in
welding segments when normalizing Q3 shipping days to prior
year"
    ** LECO up about 16.4% YTD, as of last close

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com))