Lincoln Electric (LECO) Tops Q4 EPS by 3c

Lincoln Electric (NASDAQ: LECO) reported Q4 EPS of $1.15, $0.03 better than the analyst estimate of $1.12. Revenue for the quarter came in at $736.3 million versus the consensus estimate of $735.58 million.

Share Repurchase Program

The Company's Board of Director's approved a new share repurchase program authorizing the Company to repurchase, in the aggregate, up to 10 million of its outstanding common stock. This authorization, in addition to the 2.8 million shares remaining from the prior program, may be used by the Company to repurchase shares on the open market or through privately negotiated transactions from time to time, depending on market conditions and subject to other factors.

For earnings history and earnings-related data on Lincoln Electric (LECO) click here.

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