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Lincoln Electric Holdings Inc  (NASDAQ: LECO)
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Price: $194.0000 $0.50 0.258%
Day's High: $194.43 Week Perf: 0.39 %
Day's Low: $ 189.19 30 Day Perf: 4.05 %
Volume (M): 332 52 Wk High: $ 261.13
Volume (M$): $ 64,330 52 Wk Avg: $207.65
Open: $190.38 52 Wk Low: $169.51



 Market Capitalization (Millions $) 11,043
 Shares Outstanding (Millions) 57
 Employees 11,900
 Revenues (TTM) (Millions $) 4,044
 Net Income (TTM) (Millions $) 482
 Cash Flow (TTM) (Millions $) 62
 Capital Exp. (TTM) (Millions $) 110

Lincoln Electric Holdings Inc

The Company is one of only a few worldwide broad-line manufacturers of welding, cutting and brazing products. Welding products include arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories. The Companys product offering also includes computer numeric controlled ("CNC") plasma and oxy-fuel cutting systems and regulators and torches used in oxy-fuel welding, cutting and brazing. In addition, the Company has a leading global position in the brazing and soldering alloys market.


The arc welding power sources and wire feeding systems manufactured by the Company range in technology from basic units used for light manufacturing and maintenance to highly sophisticated robotic applications for high volume production welding and fabrication. Three primary types of arc welding electrodes are produced: (1) coated manual or stick electrodes; (2) solid electrodes produced in coil, reel or drum forms for continuous feeding in mechanized welding; and (3) cored electrodes produced in coil form for continuous feeding in mechanized welding.

The Company has, through wholly-owned subsidiaries or joint ventures, manufacturing facilities located in the United States, Australia, Brazil, Canada, China, Colombia, France, Germany, India, Indonesia, Italy, Mexico, the Netherlands, Poland, Portugal, Russia, Turkey, the United Kingdom and Venezuela.


Tthe Companys business units were aligned into five operating segments. The operating segments consist of North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The North America Welding segment primarily includes welding operations in the United States, Canada and Mexico. The Europe Welding segment includes welding operations in Europe, Russia, Africa and the Middle East. The Asia Pacific Welding segment primarily includes welding operations in China and Australia. The South America Welding segment primarily includes welding operations in Brazil, Colombia and Venezuela. The Harris Products Group includes the Companys global cutting, soldering and brazing businesses as well as the retail business in the United States.



   Company Address: 22801 St. Clair Avenue Cleveland 44117 OH
   Company Phone Number: 481-8100   Stock Exchange / Ticker: NASDAQ LECO


   

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Lincoln Electric Holdings Inc

Lincoln Electric Holdings Inc Reports Disappointing Earnings Amidst a Quiet Second Quarter of 2024

roduction
In the competitive landscape of the Industrial Machinery and Components sector, Lincoln Electric Holdings Inc. (Nasdaq: LECO) reported disappointing earnings results for the fiscal period ending June 30, 2024. Despite a slight uptick in stock performance recently, the company's financial metrics indicate challenges that deserve further examination. This article delves into the specifics of the company's earnings release, providing context for its performance relative to industry trends and potential future impacts.
Fiscal Performance Overview
For the second quarter of fiscal year 2024, Lincoln Electric Holdings reported a net income of $101.7 million, equating to a diluted earnings per share (EPS) of $1.77. This represents a significant decline of 25% year-over-year from $137.3 million or $2.36 EPS during the same period in 2023. Notably, this drop in earnings can largely be attributed to special items impacting the financials; the current quarter included after-tax net charges of $32.6 million, compared to $4.9 million in the previous year.

Lincoln Electric Holdings Inc

Lincoln Electric Holdings Inc. Faces Revenue Setback but Boosts Earnings Per Share in Q1 2024

Interpreting the financial results of Lincoln Electric Holdings Inc for the January to March 31, 2024 fiscal time-frame, it is evident that the company faced a challenging period with weak revenue, but managed to grow its earnings per share. Despite a decline in revenue by -5.582% to $980.40 million compared to the previous year, earnings increased moderately by 2.39% to $2.14 per share.
This performance stands in contrast to the on average Industrial Machinery and Components industry, which recorded revenue growth in the first quarter of 2024. The industry saw a deterioration in earnings by -21% from the preceding financial reporting period and a decline in revenue by -7.512% compared to the previous year.

Lincoln Electric Holdings Inc

Lincoln Electric Holdings Inc. Achieves Impressive Double-Digit Income Growth in Fiscal Q4 2023

Lincoln Electric Holdings Inc. has delivered impressive financial results during the fourth quarter of 2023, outperforming many other companies in the Industrial Machinery and Components sectors. The company reported a significant increase in profit per share, up 42.82% to $2.71 per share. Additionally, revenue saw a boost of 13.739% to $1.06 billion compared to the same period in the previous year.
These strong financial results are notable, especially considering that many other corporations in the same industry are struggling with declining businesses and fading revenue. Lincoln Electric Holdings Inc. seems to be thriving in this challenging environment, attracting business partners who are looking for reliability and value.

Dividend

Lincoln Electric Declares Quarterly Dividend and Stock Experiences Significant Gains

Published Tue, Feb 20 2024 9:30 PM UTC



In a recent press release, Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced that its Board of Directors has approved a quarterly cash dividend of $0.71 per common share. The dividend will be payable on April 15, 2024, to shareholders of record as of March 31, 2024. This news comes amidst Lincoln Electric Holdings Inc. stock s solid gain of 7.86% in the past...

Lincoln Electric Holdings Inc

Lincoln Electric Holdings Inc Garners Market Acclaim With Impressive Revenue Surge During Q2 2023 Earnings Season

Financial News Report: LECO Reports Strong Revenue Growth and Increased EPS in Q2 2023
Lincoln Electric Holdings Inc (LECO) has announced positive financial results for the financial interval ending June 30, 2023. The company reported a significant rise in both top-line and bottom-line figures. Revenue stood at $1.06 billion, representing a year-on-year increase of 9.381% and a quarter-on-quarter surge of 2.126%. Furthermore, the income per share (EPS) showed a sequential increase of 8.26% to $2.36, and a quarter-on-quarter surge of 12.92%.
LECO's revenue growth in the second quarter of 2023 aligns well with its peers in the Industrial Machinery and Components sector, which reported an average top-line increase of 3.68% during the same period. This positive trend indicates LECO's ability to outperform its competitors in the industry.
Net earnings for the financial interval ending June 30, 2023, reached $137.331 million, demonstrating a 7.44% increase compared to the same interval a year ago. The company's focus on improving sales during this period has resulted in a slight ease in net margin, which now stands at 12.95%.







Lincoln Electric Holdings Inc's Segments
Consumables    52.34 % of total Revenue
Equipment    47.73 % of total Revenue
Inter-segment    -4.21 % of total Revenue
Corporate Eliminations    -4.21 % of total Revenue
Americas Welding    67.94 % of total Revenue
Americas Welding Inter-segment    3.14 % of total Revenue
International Welding    22.74 % of total Revenue
International Welding Inter-segment    0.75 % of total Revenue
The Harris Products Group    13.6 % of total Revenue
The Harris Products Group Inter-segment    0.32 % of total Revenue





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