U.S. Markets closed

Lincoln Electric reports fire damage to its Techalloy facility

Lincoln Electric reported that a fire occurred at its Techalloy welding consumables operation in Baltimore, Maryland. While the fire has caused the loss of a portion of the facility's manufacturing capacity, the company is working to satisfy customer requirements and prevent supply disruptions. Although the company has duplicate manufacturing capabilities across its global platform, the company cannot estimate the financial impact the fire will have on its financial statements at this time.