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Lincoln Electric Holdings Inc  (LECO)
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Lincoln Electric Holdings Inc's

Competitiveness


 

LECO Sales vs. its Competitors Q4 2020



Comparing the results to its competitors, Lincoln Electric Holdings Inc reported Total Revenue decrease in the 4 quarter 2020 year on year by -5.77 %, despite revenue increase by most of its competitors of 16.99 %, recorded in the same quarter.

List of LECO Competitors

With net margin of 9.38 % company achieved higher profitability than its competitors.

More on LECO Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Lincoln Electric Holdings Inc Net Income in the 4 quarter 2020 grew year on year by 2.13 %, faster than average growth of Lincoln Electric Holdings Inc's competitiors of 1.08 %

<<  More on LECO Income Comparisons


Lincoln Electric Holdings Inc's Comment on Competitors and Industry Peers


Conditions in the arc welding and cutting industry are highly competitive. The Company believes it is the world's largest manufacturer of consumables and equipment with relatively few major broad-line competitors worldwide, but numerous smaller competitors in specific geographic markets. The Company continues to pursue strategies to heighten its competitiveness in domestic and international markets, which includes positioning low cost manufacturing facilities in most geographical markets. Competition in the arc welding and cutting industry is based on brand preference, product quality, price, performance, warranty, delivery, service and technical support. The Company believes its performance against these factors has contributed to the Company's position as the leader in the industry.


Most of the Company's products may be classified as standard commercial articles and are manufactured for stock. The Company believes it has a competitive advantage in the marketplace because of its highly trained technical sales force and the support of its welding research and development staff to assist customers in optimizing their welding applications. This allows the Company to introduce its products to new users and to establish and maintain close relationships with its customers. This close relationship between the technical sales force and the direct customers, together with its supportive relationship with its distributors, who are particularly interested in handling the broad range of the Company's products, is an important element of the Company's market success and a valuable asset of the Company.





  

Overall company Market Share Q4 2020

Overall company, revenue fell by -5.77 % and company lost market share, to approximate 45.59 %.





<<  More on LECO Market Share.
 

*Market share calculated with total revenue.


LECO's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Lincoln Electric Holdings Inc 2,655 7,478 206 10,000
Colfax Corporation 3,071 17,792 46 17,087
SUBTOTAL 5,726 25,270 252 27,087


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