The 2020 Mid-Year Economic Update_long

Lincoln Electric Sales Down 10.3% in 2016

Fourth-quarter sales declined 0.7 percent.

Lincoln Electric Holdings Inc. (Nasdaq: LECO), Cleveland, OH, reported sales for 2016 of $2.3 billion, a decrease of 10.3 percent from the previous year. Profit increased 55.6 percent to $198.4 million.

Fourth-quarter sales were $563.8 million, a decrease of 0.7 percent compared to the prior-year quarter. Profit increased 9.7 percent to $53.4 million.

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