Welding product manufacturer Lincoln Electric Holdings, Inc., Cleveland, OH, reported sales in 2007 increased 15.7% to $2.28 billion. Profit in 2007 was up 15.8% to $202.7 million.
The company’s North American operations had sales of $1.4 billion in 2007, an increase of 7.3%. U.S. export sales increased 26.2% to $194.5 million. Lincoln operations outside of North America had sales of $879.4 million, an increase of 32%. In local currencies, sales for the company’s international operations increased 18.8%.
In the fourth quarter, sales were up 14.7% to $580.3 million. Profit was down 4.4% to $49.5 million. Sales for the company’s North American operations were $345.1 million in the quarter, an increase of 8.1%. U.S. export sales in the quarter increased 11.2% to …
Lincoln Electric Sales Up 15.7% in 2007
Welding product manufacturer Lincoln Electric Holdings, Inc., Cleveland, OH, reported sales in 2007 increased 15.7% to $2.28 billion. Profit in 2007 was up 15.8% to $202.7 million.
The company’s North American operations had sales of $1.4 billion in 2007, an increase of 7.3%. U.S. export sales increased 26.2% to $194.5 million. Lincoln operations outside of North America had sales of $879.4 million, an increase of 32%. In local currencies, sales for the company’s international operations increased 18.8%.
In the fourth quarter, sales were up 14.7% to $580.3 million. Profit was down 4.4% to $49.5 million. Sales for the company’s North American operations were $345.1 million in the quarter, an increase of 8.1%. U.S. export sales in the quarter increased 11.2% to …
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- Filed In: Companies, Electrical, Free, News, Subscriber Only, Top Distributor Sectors
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