The 2020 Mid-Year Economic Update_long

Lincoln Electric Sales Down 12% in 3Q

Year-to-date sales decreased 13.1 percent year-over-year.

Lincoln Electric Holdings Inc. (Nasdaq: LECO), Cleveland, OH, reported third quarter sales of $567.6 million, a year-over-year decrease of 12 percent. Profit was $60 million, compared to a loss of $60.5 million the prior year.

Sales for the first nine months decreased 13.1 percent year-over-year to $1.7 billion. Profit increased 84 percent to $145 million.

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