reports
Lincoln Electric Schedules 2025 Virtual Annual Meeting of Shareholders
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today announced that the Company’s 2025 Annual Meeting of Shareholders will be held as a virtual meeting on Thursday, April 24, 2025, at 11:00 a.m., Eastern Time. About Lincoln Electric Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ ...
Lincoln Electric Reports Third Quarter 2024 Results
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported third quarter 2024 net income of $100.8 million, or diluted earnings per share (EPS) of $1.77, which includes special item after-tax net charges of $21.6 million, or $0.37 EPS. This compares with prior year period net income of $129.3 million, or $2.22 EPS, which included special item after-tax net charges of $10.1 million, or $0.18 EPS. Excluding special items, third quarter 2024 adjusted net income was $122.4 million, or $2.14 adjusted EPS. This compares with adjusted net income of $139...
Lincoln Electric Announces 5.6% Dividend Increase
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has approved a 5.6% increase in the quarterly cash dividend to $0.75 per share, or $3.00 per share on an annualized basis. The dividend is payable January 15, 2025, to shareholders of record at the close of business on December 31, 2024. “Our dividend increase reflects strong cash flow generation of the business, solid execution of our Higher Standard 2025 Strategy, and confidence in our ability to continue to deliver superior long-term value for our shareholders through th...
Lincoln Electric Announces Retirement of Executive Chair Christopher L...
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq:LECO) today announced that Christopher L. Mapes, Executive Chair, will retire from his position as Executive Chair and a member of the Board of Directors on December 31, 2024. The Board of Directors has elected Steven B. Hedlund, currently Chief Executive Officer and a Director, to succeed Mr. Mapes as Chair of the Board, effective January 1, 2025. Mr. Hedlund will assume this position in addition to his role as President and Chief Executive Officer. “We thank Chris for his many years of service and congratul...
Lincoln Electric Schedules Webcast for Third Quarter 2024 Results
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its third quarter 2024 results on Thursday, October 31, 2024, prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day. The event is available via webcast in listen-only mode and can be accessed or on the Company's home page at . To participate via telephone, please dial (888) 440-4368 (domestic) or (646) 960-0856 (international) and use confirmation code 6709091. Telephone participants are asked to connect 1...
Lincoln Electric Announces September 2024 Events With the Financial Co...
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced participation in the following upcoming events with the financial community in the month of September: Stifel London Industrial Conference Wednesday, September 4, 2024 11:15 am BST (6:15 am ET) live webcast London, UK Steve Hedlund, President and Chief Executive Officer Jefferies Industrials Conference Thursday, September 5, 2024 8:05 am ET live webcast New York, NY Gabe Bruno, Executive Vice President and Chief Financial Officer Morgan Stanley 12th Annual Laguna Conference Thursday, September 12...
Lincoln Electric Named to Newsweek’s America’s Greatest Workplaces for...
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today announced that it has been recognized as one of by Newsweek and Plant-A Insights Group. The award recognizes the leading 1,000 U.S. workplaces based on reviews from over 113,000 U.S. parents across eight categories relevant to parents in the workplace: compensation and benefits; training and career progression; working environment; proactive management of a diverse workforce; company image; sustainability and awareness; work-life balance; and corporate culture. Lincoln Electric was among 10 com...
Lincoln Electric Reports Second Quarter 2024 Results
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported second quarter 2024 net income of $101.7 million, or diluted earnings per share (EPS) of $1.77, which includes special item after-tax net charges of $32.6 million, or $0.57 EPS. This compares with prior year period net income of $137.3 million, or $2.36 EPS, which included special item after-tax net charges of $4.9 million, or $0.08 EPS. Excluding special items, second quarter 2024 adjusted net income was $134.3 million, or $2.34 adjusted EPS. This compares with adjusted net income of $14...
Lincoln Electric Acquires Vanair®
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired (“Vanair”), a privately held, Michigan City, Indiana-based, manufacturer of mobile power solutions serving the U.S. service truck market. Vanair offers the industry’s most comprehensive portfolio of mobile power solutions, including vehicle-mounted compressors, generators, welders, hydraulics, chargers/boosters, and electrified power equipment. Their extensive equipment portfolio complements Lincoln Electric’s maintenance and repair consumable offering and builds upon the joint dev...
Lincoln Electric Board Declares Dividend
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.71 per common share, payable October 15, 2024, to shareholders of record as of September 30, 2024. Business Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for ...
Lincoln Electric Awarded on TIME’s America’s Best Mid-Size Companies 2...
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) is pleased to announce that it has been awarded on TIME’s inaugural list of America’s Best Mid-Size Companies 2024. Lincoln Electric ranked 66th overall, and was one of 16 companies awarded within the “IT, Electronics, Hardware and Equipment” category. The award is presented by TIME and Statista Inc., the leading statistics portal and industry ranking provider and the awards list can be viewed on the TIME’s . “We are honored to be named to TIME’s Best Mid-Size Companies 2024 list, as the recognition ...
Lincoln Electric Schedules Webcast for Second Quarter 2024 Results
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its second quarter 2024 results on Wednesday, July 31, 2024, prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day. The event is available via webcast in listen-only mode and can be accessed or on the Company's Investor Relations home page at . To participate via telephone, please dial (888) 440-4368 (domestic) or (646) 960-0856 (international) and use confirmation code 6709091. Telephone participants are ...
Lincoln Electric Named to Newsweek’s America’s Greatest Workplaces 202...
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today announced that it has been recognized as one of by Newsweek and Plant-A Insights Group. The award recognizes leading U.S. workplaces based on reviews from over 250,000 U.S. employees across eight categories: training and career progression; proactive management of a diverse workforce; sustainability; corporate culture; compensation and benefits; working environment; company image; and work-life balance. Lincoln Electric was among 19 companies recognized in the Industrial Machinery sector. “We...
Lincoln Electric Completes $550 Million Private Placement of Senior Un...
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today announced that it has issued a new series of senior unsecured private placement notes (collectively the “Notes”) in the aggregate principal amount of $550 million. The proceeds of the Notes will be used to repay the Company’s $400 million term loan and for general corporate purposes. In addition, the Company entered into a new revolving credit facility to provide up to $1 billion of borrowing capacity, in alignment with the capital allocation priorities of the Company’s Higher Standard 2025 Strate...
- Dave Nicoski
- Ross LaDuke
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Lincoln Electric Awarded on the USA TODAY America’s Best Climate Leade...
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) is pleased to announce that it has been recognized on USA TODAY’s list of America’s Best Climate Leaders 2024. The award is presented by USA TODAY and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list can be viewed on the USA TODAY . The America’s Climate Leaders of 2024 List represents the leading 450 companies across the United States in 15 different industries that have taken relevant action to mitigate climate change and have achieved the greatest r...
Lincoln Electric Announces May 2024 Events with the Financial Communit...
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced its participation in the following upcoming events with the financial community in the month of May: Oppenheimer 19th Annual Industrial Growth Conference Monday, May 6, 2024 10:30 am Eastern Standard Time live webcast Gabriel Bruno, Executive Vice President and Chief Financial Officer The presentation at the Oppenheimer event will be webcast and can be accessed, along with the replay, on our Investor Relations web site at . KeyBanc 2024 Industrials & Basic Materials Conference Thursday, May 30, 2...
Lincoln Electric Reports First Quarter 2024 Results
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported first quarter 2024 net income of $123.4 million, or diluted earnings per share (EPS) of $2.14, which includes special item after-tax net charges of $5.2 million, or $0.09 EPS. This compares with prior year period net income of $121.9 million, or $2.09 EPS, which included special item after-tax net charges of $2.3 million, or $0.04 EPS. Excluding special items, first quarter 2024 adjusted net income was $128.7 million, or $2.23 adjusted EPS. This compares with adjusted net income of $124.2...
Lincoln Electric Board Declares Dividend
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.71 per common share, payable July 15, 2024, to shareholders of record as of June 30, 2024. Business Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its lead...
Lincoln Electric Appoints Susan C. Edwards as Chief Human Resources Of...
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”) announced today that Susan C. Edwards has joined the Company to serve as Senior Vice President, Chief Human Resources Officer (CHRO), effective April 8, 2024. Reporting to Steven Hedlund, President and CEO, she will join the executive team and will lead the Company’s global human resources strategy and operations, talent management, training and employee development programs, and compensation and benefits. Edwards succeeds Michele Kuhrt, who was recently named, Executive Vice President, Chief Transformation...
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