reports
Ethisphere Names Lincoln Electric as One of the 2025 World's Most Ethi...
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings Inc., (NASDAQ: LECO) is pleased to announce that it has received the 2025 ® recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. Lincoln Electric has been recognized seven times and is one of 12 honorees in the Industrial Manufacturing category. In 2025, 136 honorees were recognized spanning 19 countries and 44 industries. “We are honored to be recognized by Ethisphere for the seventh time for how we live and lead by the Golden Rule and prioritize integrity and ethics in all th...
Lincoln Electric Announces Retirement of Michele Kuhrt, Executive Vice...
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) announced today that Michele Kuhrt, Executive Vice President, Chief Transformation Officer is retiring effective August 31, 2025. This press release features multimedia. View the full release here: Michele Kuhrt, EVP & CTO, Lincoln Electric (Photo: Business Wire) Ms. Kuhrt joined Lincoln Electric in 1997 and over her nearly 30-year career at Lincoln Electric, has held numerous executive leadership positions, including Chief Information Officer and Chief Human Resources Officer. Since 2024, she has held...
Lincoln Electric Elects N. Joy Falotico to Its Board of Directors
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced that N. Joy Falotico, former President of The Lincoln Motor Company, a division of Ford Motor Company (NYSE: F), has been elected to Lincoln Electric's Board of Directors, effective February 19, 2025. She will serve as a member of the Audit and the Nominating and Corporate Governance Committees. Ms. Falotico’s appointment expands Lincoln Electric's Board to 12 directors, 11 of whom are independent, non-employee directors. This press release features multimedia. View the full release here: N. Joy Faloti...
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 $0.75 per common share, payable April 15, 2025, to shareholders of record as of March 31, 2025. 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 Reports Fourth Quarter and Full Year 2024 Results
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported fourth quarter 2024 net income of $140.2 million, or diluted earnings per share (EPS) of $2.47, which included special item after-tax net charges of $5.8 million, or $0.10 EPS. This compares with prior year period net income of $156.6 million, or $2.70 EPS, which included special item after-tax net gains of $14.6 million, or $0.25 EPS. Excluding special items, fourth quarter 2024 adjusted net income was $146.0 million, or $2.57 adjusted EPS. This compares with adjusted net income of $142....
Lincoln Electric to Present at the Barclays 42nd Annual Industrials Se...
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today announced that Gabriel Bruno, Executive Vice President and Chief Financial Officer, will speak at the Barclays 42nd Annual Industrials Select Conference being held in Miami on Thursday, February 20, 2025, at 10:25 a.m. Eastern Time. The presentation will be webcast and can be accessed on our Investor Relations web site at . A replay will also be accessible on our Investor Relations web site. About Lincoln Electric Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced...
Lincoln Electric Schedules Webcast for Fourth Quarter and Full Year 20...
CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its fourth quarter and full year 2024 results on Thursday, February 13, 2025, 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 a...
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...
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