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Lincoln Electric Holdings Inc.

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Lincoln Electric’s adjusted earnings declined 5.3% year over year to $0.89 per share in third-quarter 2015 due to unfavorable currency impact. Revenue also decreased in the quarter mainly due to lower volumes. Lincoln Electric remains cautious about full year and fourth-quarter 2015 performances, which will remain challenging because of compressing revenue trends, extended OEM shutdowns and difficult year-over-year comparisons. Persistent weakness in the oil & gas sector and industrial demand along with devaluation of the Venezuelan currency also remain headwinds for Lincoln Electric. Moreover, weakening industrial demand trends and mining concerns will hurt the company’s growth in the near term.

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