Lincoln Electric (LECO) Tops Q2 EPS by 44c, Revenues Beat
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Lincoln Electric Reports Second Quarter 2020 Results
July 27, 2020 7:30 AM EDTSecond Quarter 2020 Highlights
Net sales decline 24.0% on lower organic salesOperating income margin of 6.7%; Adjusted operating income margin of 10.7%EPS of $0.45; Adjusted EPS of $0.80Solid balance sheet profile and strong cash flow generation with 189% cash conversionCost reduction actions now estimated to provide $55 to $65 million of benefits in 2020CLEVELAND, July 27, 2020 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the Company) (Nasdaq: LECO) today reported second quarter... More
