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Lincoln Electric Sales Down 4.7% in 1Q

Lincoln Electric Holdings Inc. (NASDAQ: LECO), Cleveland, OH, reported sales for the first quarter of $685.1 million, a decrease of 4.7 percent from the previous year. Profit decreased 15.4 percent to $56.5 million.

"We held profitability margins steady in the quarter, benefiting from mix, solid operating performance and steady management of expenses, which helped offset lower volumes," said Christopher Mapes, chairman, president and CEO.

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