Lincoln Electric Hlds

Lincoln Electric Holdings, Inc. engages in the manufacture of arc welding equipment, consumable welding products and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The firm offers CNC plasma and oxy-fuel cutting systems, regulators and torches used in oxy-fuel welding, cutting and brazing. It operates through the following segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia, and Australia. The Harris Products Group includes the company's global cutting, soldering and brazing businesses as well as the retail business in the United States. The company was founded by John C. Lincoln and James F. Lincoln on December 05, 1895 and is headquartered in Cleveland, OH.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lincoln Electric achieves record sales in 2022, eyes automation growth

Lincoln Electric delivered strong financial performance in 2022, driven by record sales and profitability. While facing challenges in certain international segments, the company remains optimistic about future growth opportunities, particularly in automation and EV initiatives. Management anticipates steady growth in the Americas and aims to improve International margins throughout the year.

Lincoln Electric achieves record sales and eyes growth opportunities

Lincoln Electric delivered a strong financial performance in Q1 2023, marked by record sales, solid profitability metrics, and strategic investments in growth areas. While facing margin challenges and segment-specific declines, the company remains optimistic about future growth prospects driven by its initiatives and market opportunities.

Lincoln Electric achieves record Q2 results, eyes automation growth

Lincoln Electric delivered exceptional financial performance in Q2 2023, setting new records across key metrics and demonstrating effective cost management. The company's focus on automation and upcoming product launches positions it well for future growth. However, sustaining this momentum amidst market challenges will be crucial.

Lincoln Electric achieves record Q3 performance amidst inflation challenges

Lincoln Electric's Q3 2023 performance showcased robust sales growth and profitability, driven by strategic acquisitions and organic initiatives. While inflationary pressures pose challenges, the company is proactively addressing them through pricing adjustments and productivity programs. With a focus on growth opportunities and market demand, Lincoln Electric remains optimistic about its long-term prospects.

Lincoln Electric reports record earnings, eyes automation growth opportunities

Lincoln Electric delivered strong financial performance, focusing on continuous improvement, safety, and environmental performance. The company is optimistic about growth opportunities, particularly in automation and international markets. Despite challenges in certain sectors, Lincoln Electric remains well-positioned for future growth.

Lincoln Electric Hlds (LECO) reports record margins amidst sales decline

Lincoln Electric Hlds (LECO) achieved record margins and cash flows in Q1 2024 despite a decline in organic sales, with a focus on innovation and value creation.
Strong project activity in specific regions, robust automation backlog, and the RedViking acquisition present growth opportunities.
Challenges include softer performance drivers impacting sales, caution in certain markets, and pressure on consumables in heavy industry.
Anticipated improvements in the back half of the year, flat to up organic sales trend, and confidence in strategic initiatives and business growth.

Lincoln Electric reports resilient Q2 results, eyes growth opportunities

Lincoln Electric's Q2 performance showcased resilience in the face of market challenges, driven by strategic acquisitions and a focus on operational efficiency. While facing hurdles in the EV charger market, the company's strong cash flows and growth initiatives present opportunities for long-term success.

Lincoln Electric Hlds (LECO) reports solid Q3 results amidst market challenges

Lincoln Electric Hlds (LECO) demonstrated resilience in Q3 amid challenging market dynamics, with a focus on cost savings and new product launches. While facing a decline in organic sales, the company remains confident in its long-term growth prospects. Analyst inquiries highlighted key areas of concern and interest for the company's future performance.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Lincoln Electric Holdings, Inc. engages in the manufacture of arc welding equipment, consumable welding products, and other welding and cutting products. It operates through the following segments: Americas Welding, International Welding, and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily deals with welding operations in Europe, Africa, Asia, and Australia. The Harris Products Group segment refers to the company's global cutting, soldering, and brazing businesses as well as the retail business in the United States. The company was founded by John C. Lincoln and James F. Lincoln on December 5, 1895 and is headquartered in Cleveland, OH.

Becton, Dickinson and Co.

Becton Dickinson & Co. Deposit Repr 1/20th Cum Conv Pfd Registered Series A

AbbVie

Automatic Data Processing

American Electric Power Company

A. O. Smith

Amphenol

Black Hills

Brown & Brown

Evergy Inc

Gorman-Rupp

Lockheed Martin

Visa and Exxon Mobil announced dividend increases in October, with Visa increasing its dividend by 15.6% and Exxon Mobil increasing its dividend by 4.4%. Several companies, including AbbVie, American Electric Power, and McDonalds, met or exceeded dividend increase predictions in October. Dividend growth slowed for companies like Amphenol, Black Hills, and Tompkins Financial due to various factors such as the current economic slowdown and flat or lower earnings.

Becton, Dickinson And HP Among 13 Companies Announcing Annual Dividend Increases In The First Half Of November

Lincoln Electric Holdings, Inc. (NASDAQ:LECO ) Q3 2023 Earnings Conference Call October 27, 2023 10:00 AM ET Company Participants Amanda Butler - Vice President, Investor Relations and Communications Chris Mapes - Chairman, President and Chief Executive Officer Gabe Bruno - Chief Financial Officer Steve Hedlund - Chief Operating Officer Conference Call Participants Bryan Blair - Oppenheimer Saree Boroditsky - Jefferies Nathan Jones - Stifel Mig Dobre - Robert W. Baird Walter Liptak - Seaport Research Robert Jameson - UBS Operator Greetings and welcome to the Lincoln Electric's 2023 Third Quarter Financial Results Conference Call.

Lincoln Electric Holdings, Inc. (LECO) Q3 2023 Earnings Call Transcript

Lincoln Electric Holdings (LECO) came out with quarterly earnings of $2.40 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.04 per share a year ago.

Lincoln Electric Holdings (LECO) Q3 Earnings Beat Estimates

Third Quarter 2023 Highlights Net sales increase 10.5% to record $1,033 million Operating income margin of 16.6%; Record adjusted operating income margin of 17.7% Record EPS of $2.22; Record adjusted EPS of $2.40 Cash flows from operations increase 71% to record $223 million with 141% cash conversion(1) Returned $82 million to shareholders through dividends and share repurchases CLEVELAND, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported third quarter 2023 net income of $129.3 million, or diluted earnings per share (EPS) of $2.22, which includes special item after-tax net charges of $10.1 million, or $0.18 EPS. This compares with prior year period net income of $109.2 million, or $1.87 EPS, which included special item after-tax net charges of $10.3 million.

Lincoln Electric Reports Third Quarter 2023 Results

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/56a01af6-4dba-4eaa-9ad0-0ba298ea818a

Lincoln Electric Elects Marc A. Howze to Its Board of Directors

CLEVELAND, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has approved an 11% increase in the quarterly cash dividend, from $0.64 per share to $0.71 per share, or to $2.84 per share on an annualized basis. The dividend is payable January 12, 2024, to shareholders of record at the close of business on December 31, 2023.

Lincoln Electric Announces 11% Dividend Increase

Accenture Plc

American Tower

BancFirst

Brady Corporation

Fifth Third Bancorp

First of Long Island

Honeywell

KLA-Tencor

McDonald's

Middlesex Water

New Jersey Resources

Northwest Natural Gas

OGE Energy

Prosperity Bancshares

Philip Morris

Rockwell Automation

Fifteen long-term dividend growth companies, AbbVie among them, will announce their annual increases in October. Most of the increases will be in the single digit range, with 10%+ increases expected from A. O. Smith, Lincoln Electric and Waste Connections. Microsoft announced a 10% dividend increase in September, and we're still waiting for announcements from McDonald's and Lockheed Martin.

Dividend Growth Predictions For 15 Companies Announcing Annual Boosts In October

CLEVELAND, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its third quarter 2023 results on Friday, October 27, 2023, prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day.

Lincoln Electric Schedules Webcast For Third Quarter 2023 Results

CLEVELAND, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) is pleased to announce today that is has been recognized as one of America's Greenest Companies 2024 by Newsweek, market research firm Plant-A Insights Group, and GIST Impact, a leading impact data and analytics provider.

Lincoln Electric Named to Newsweek's America's Greenest Companies 2024 Ranking

Lincoln Electric to host CharIN's Testival North America 2023 event at Lincoln's Cleveland, Ohio campus and showcase its new Velion 150kW DC fast charger.

Lincoln Electric To Host The CharIN Testival North America 2023 Event

Lincoln Electric (LECO) receives an order to supply four Velion DC fast chargers.

Lincoln Electric (LECO) Gets Initial Velion Charger Order

CLEVELAND, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) is pleased to announce that it has received an initial order to supply four VelionTM 150kW DC fast chargers to DC-America, a leading provider of prewired, pre-commissioned charging depots for charge point operators, fleets, and installation contractors. The VelionTM chargers, coupled with the DC-America modular platform and structural raceway system, will be a part of DC-America's National Electric Vehicle (NEVI) Formula program compliant offerings.

Lincoln Electric Receives Initial Order for Its VelionTM DC Fast Charger for Electric Vehicles

Lincoln Electric has seen a strong performance in its shares over the past year, even after a recent pullback. The company is a leading manufacturer of welding equipment and has benefited from long-term trends such as labor shortages and increased investments in renewables and infrastructure. While the company's earnings have improved, the stock's valuation has also increased, making the risk-reward less attractive at the current price.

Lincoln Electric: Quality Business Has Regained Its Quality Price

CLEVELAND, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) is pleased to announce that it has been recognized as one of the World's Most Trustworthy Companies of 2023 by Newsweek. This inaugural award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider, and can be viewed on Newsweek's website.

Lincoln Electric Named One of the World's Most Trustworthy Companies of 2023 by Newsweek

CLEVELAND, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced participation in the following upcoming events with the financial community in the month of September:

Lincoln Electric Announces September 2023 Events With the Financial Community

Lincoln Electric (LECO) delivers record earnings in second-quarter 2023.

Lincoln Electric (LECO) Q2 Earnings Beat, Revenues Rise Y/Y

Lincoln Electric Holdings, Inc. (NASDAQ:LECO ) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET Company Participants Amanda Butler - VP, IR & Communications Christopher Mapes - Chairman, President & CEO Steven Hedlund - EVP & COO Gabriel Bruno - EVP, CFO & Treasurer Conference Call Participants Saree Boroditsky - Jefferies Bryan Blair - Oppenheimer Mircea Dobre - Robert W. Baird & Co. Nathan Jones - Stifel, Nicolaus & Company Robert Barger - KeyBanc Capital Markets Operator Greetings, and welcome to the Lincoln Electric's 2023 Second Quarter Financial Results Conference Call.

Lincoln Electric Holdings, Inc. (LECO) Q2 2023 Earnings Call Transcript

Lincoln Electric Holdings (LECO) came out with quarterly earnings of $2.44 per share, beating the Zacks Consensus Estimate of $2.32 per share. This compares to earnings of $2.18 per share a year ago.

Lincoln Electric Holdings (LECO) Tops Q2 Earnings Estimates

CLEVELAND, July 27, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported second quarter 2023 net income of $137.3 million, or diluted earnings per share (EPS) of $2.36, which includes special item after-tax net charges of $4.9 million, or $0.08 EPS. This compares with prior year period net income of $127.8 million, or $2.18 EPS, which included special item after-tax net charges of $0.4 million. Excluding special items, second quarter 2023 adjusted net income was $142.2 million, or $2.44 adjusted EPS. This compares with adjusted net income of $128.2 million, or $2.18 adjusted EPS, in the prior year period.

Lincoln Electric Reports Second Quarter 2023 Results

Christopher Mapes to be Designated Executive Chairman Steven Hedlund, Chief Operating Officer, to be Named President and Chief Executive Officer CLEVELAND, July 27, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the “Company”) (NASDAQ: LECO) announced today that Christopher L. Mapes, Chairman, President and Chief Executive Officer (CEO), who has served as President and CEO since 2012, will retire as President and CEO on December 31, 2023, and will be designated as Executive Chairman of the Board, effective January 1, 2024.

Lincoln Electric Announces Year End Executive Leadership Transition

CLEVELAND, July 21, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced that Bonnie J. Fetch, Vice President, Global Supply Chain and Manufacturing, for Cummins Inc. (NYSE: CMI), has been elected to Lincoln Electric's Board of Directors, effective July 20, 2023. She will serve as a member of the Audit Committee and the Finance Committee. Ms. Fetch's appointment expands Lincoln Electric's Board to 11 directors, 10 of whom are independent.

Bonnie J. Fetch Elected to Lincoln Electric's Board of Directors

Does Lincoln Electric Holdings (LECO) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Lincoln Electric Holdings (LECO) is a Great Choice

Lincoln Electric (LECO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Lincoln Electric Holdings, Inc. (LECO) Hit a 52 Week High, Can the Run Continue?

Lincoln Electric (LECO) benefits from strong order levels, pricing actions and its Higher Standard 2025 strategy.

News for Lincoln Electric Hlds Stock (LECO)