LINCOLN ELECTRIC HOLDINGS INC
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
LECO$284.42-0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three Months Ended March 31, | ||||||
| · 2024 · 2023 | ||||||
| Net sales (Note 2) | $981,197 | $1,039,343 | ||||
| Cost of goods sold | | 612,798 | | 683,986 | ||
| Gross profit | | 368,399 | | 355,357 | ||
| Selling, general & administrative expenses | | 198,747 | | 190,116 | ||
| Rationalization and asset impairment charges (Note 6) | | 4,605 | | 877 | ||
| Operating income | | 165,047 | | 164,364 | ||
| Interest expense, net | | 8,779 | | 13,201 | ||
| Other income | | 2,262 | | 4,181 | ||
| Income before income taxes | | 158,530 | | 155,344 | ||
| Income taxes (Note 11) | | 35,115 | | 33,413 | ||
| Net income | | $123,415 | | $121,931 | ||
| | | | | | | |
| Basic earnings per share (Note 3) | | $2.17 | | $2.12 | ||
| Diluted earnings per share (Note 3) | | $2.14 | | $2.09 | ||
| Cash dividends declared per share | | $0.71 | | $0.64 | ||
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