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.

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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.

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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.

Recognition honors those companies who understand the importance of leading, making hard but values-based decisions, and their overall commitment to integrity. Recognition honors those companies who understand the importance of leading, making hard but values-based decisions, and their overall commitment to integrity.

Lincoln Electric Named for the Fourth Time as One of the 2021 World's Most Ethical Companies® By Ethisphere

Lincoln Electric's (LECO) delivers better-than-expected fourth-quarter earnings on cost reduction actions. Incremental savings from these actions will help negate higher labor costs in 2021.

Lincoln Electric (LECO) Q4 Earnings Surpass Estimates, Up Y/Y

Lincoln Electric Holdings, Inc. (LECO) CEO Chris Mapes on Q4 2020 Results - Earnings Call Transcript

Lincoln Electric (LECO) delivered earnings and revenue surprises of 15.89% and 0.95%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Lincoln Electric Holdings (LECO) Q4 Earnings and Revenues Beat Estimates

Shares of Lincoln Electric Holdings (NASDAQ:LECO) were unchanged after the company reported Q4 results. Quarterly Results Earnings per share rose 7.83% year over year to $1.24, which beat the estimate of $1.06.

Lincoln Electric Holdings: Q4 Earnings Insights

CLEVELAND, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported fourth quarter 2020 net income of $65.1 million, or diluted earnings per share (EPS) of $1.08, which includes special item after-tax charges of $9.9 million, or $0.16 EPS. This compares with prior year period net income of $63.7 million, or $1.03 EPS, which included special item after-tax charges of $7.3 million, or $0.12 EPS. Excluding these items, fourth quarter 2020 Adjusted net income was $75.0 million, or $1.24 Adjusted EPS. This compares with Adjusted net income of $71.0 million, or $1.15 Adjusted EPS in the prior year period.

Lincoln Electric Reports Fourth Quarter and Full Year 2020 Results

Lincoln Electric Holdings (NASDAQ:LECO) announces its next round of earnings this Friday, February 12. Here is Benzinga's everything-that-matters guide for this Friday's Q4 earnings announcement.

A Preview Of Lincoln Electric Holdings's Earnings

Lincoln Electric (LECO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Lincoln Electric (LECO) Ahead of Earnings?

Lincoln Electric (LECO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Lincoln Electric Holdings (LECO) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

Kennametal

Stanley Black & Decker

The Zacks Manufacturing-Tools & Related Products industry comprises companies that develop and distribute hand and mechanics tools, hydraulic tools, engineered fastening systems, and motion-control systems. Arc welding products, oxy-fuel cutting equipment, plasma cutters, storage system and other related products are also produced by some tool-makers.

3 Manufacturing Tool Stocks With Healthy Prospects Amid Pandemic

CLEVELAND, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its fourth quarter and full year 2020 results on Friday, February 12, 2021 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 Fourth Quarter and Full Year 2020 Results

CLEVELAND, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today announced that the Company's 2021 Annual Meeting of Shareholders will be held as a virtual meeting on Thursday, April 22, 2021 at 11:00 a.m., Eastern Time.

Lincoln Electric Schedules 2021 Virtual Annual Meeting of Shareholders

Focus on acquisitions, innovative product launches and cost reduction actions will help Lincoln Electric (LECO) negate the impact of the pandemic on demand.

Lincoln Electric (LECO) Bets on Cost Control Amid Weak Demand

AGCO

Packaging Corp of America

Timken

The Industrial Products sector continues to gain on upbeat manufacturing performance. Packaging Corp (PKG), AGCO Corp (AGCO), Lincoln Electric (LECO) and Timken (TKR) are poised to capitalize on this trend.

4 Industrial Stocks Poised to Continue Their Winning Streaks in 2021

CLEVELAND, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”) today announced the promotion of Peter Pletcher to Senior Vice President, President International. In this role, Peter will be responsible for the Company's business in Europe, Russia & Turkey, and will report to Steve Hedlund, Executive Vice President, President of the Americas and International Welding segments. Pletcher will also serve as a member of Lincoln Electric's Management Committee.

Lincoln Electric Promotes Peter Pletcher to Senior Vice President, President International

Lincoln Electric's (LECO) forecast-topping third-quarter results and cost-control actions are contributing to the run-up in its shares.

Lincoln Electric (LECO) Hits 52-Week High: What's Driving It?

CLEVELAND, Nov. 04, 2020 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced participation in the following upcoming events in the month of November with the financial community:

Lincoln Electric Announces November 2020 Events With the Financial Community

Lincoln Electric Holdings, Inc. (LECO) CEO Chris Mapes on Q3 2020 Results - Earnings Call Transcript

Lincoln Electric (LECO) delivered earnings and revenue surprises of 39.24% and 9.50%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Lincoln Electric Holdings (LECO) Beats Q3 Earnings and Revenue Estimates

Shares of Lincoln Electric Holdings (NASDAQ:LECO) were unchanged after the company reported Q3 results. Quarterly Results Earnings per share were up 0.92% over the past year to $1.10, which beat the estimate of $0.78.

Recap: Lincoln Electric Q3 Earnings

CLEVELAND, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported third quarter 2020 net income of $58.5 million, or diluted earnings per share (EPS) of $0.97, which includes special item after-tax charges of $7.5 million, or $0.13 EPS. This compares with prior year period net income of $72.5 million, or $1.17 EPS, which included special item after-tax net benefits of $4.8 million, or $0.08 EPS. Excluding these items, third quarter 2020 Adjusted net income was $66.0 million, or $1.10 Adjusted EPS. This compares with Adjusted net income of $67.7 million, or $1.09 Adjusted EPS in the prior year period.

Lincoln Electric Reports Third Quarter 2020 Results

CLEVELAND, Oct. 21, 2020 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”), announced today that Steven B. Hedlund will serve as Executive Vice President and President of both the Americas Welding and International Welding segments. Regional presidents in the Americas, EMEAR and Asia Pacific will report directly to him.

Lincoln Electric Names Steven B. Hedlund as President of Both the Americas Welding and International Welding Segments

CLEVELAND, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced that Kellye L. Walker, 54, Executive Vice President and Chief Legal Officer of Eastman Chemical Company (NYSE: EMN), has been elected to Lincoln Electric's Board of Directors, effective October 20, 2020. She has been appointed to serve on the Nominating and Corporate Governance and the Compensation and Executive Development Committees. Ms. Walker's appointment expands Lincoln Electric's Board to 12 directors, 11 of whom are non-employee directors.

Kellye L. Walker Elected to Lincoln Electric Board

Quarterly Dividend Increases 4.1% or $0.02 to $0.51 Per Share Quarterly Dividend Increases 4.1% or $0.02 to $0.51 Per Share

Lincoln Electric Board Raises Dividend For 25th Consecutive Year

CLEVELAND, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its third quarter 2020 results on Tuesday, October 27, 2020 prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day.

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