The Board thoroughly evaluated Chris's qualifications as a director candidate before he joined the Board in 2010. Many of the trades that made him an outstanding Board candidate are also the same trades that the Board and I look for in a CEO. I will be working closely with Chris into the next year to ensure a seamless transition for Lincoln shareholders, employees, customers, industry associations and community and government relationships. Chris will cover the regions in a minute, but first let me comment on the general numbers and some of the trends we see going forward.Sales in the quarter were up 6.4% to $744 million and operating income rose 20% to $96 million or to 12.9% of sales. Net income, increased 16.3% to 66.3 million or $0.79 per diluted share, a very good result.
Lincoln Electric's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.