Lincoln Electric Holdings (LECO) Stock

Lincoln Electric shows impressive returns on capital and has a strong track record of smart investment choices. Its unique market position and high operating profits give it an advantage over competitors. Current valuations are close to the average of the past five years, offering a good level of safety when considering future growth.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) held its Q3 2024 Earnings Call on October 31, 2024, at 10:00 AM ET. The call featured company representatives, including Amanda Butler, Steve Hedlund, and Gabe Bruno, along with various conference call participants from different financial firms. The operator welcomed everyone and noted that the lines were muted and the call was being recorded.

Lincoln Electric Holdings (LECO) reported quarterly earnings of $2.14 per share, which is higher than the Zacks Consensus Estimate of $2.05 per share. However, this is a decrease compared to earnings of $2.40 per share from the same period last year.

CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has announced that its Board of Directors has approved a 5.6% rise in the quarterly cash dividend, bringing it to $0.75 per share, which amounts to $3.00 annually. This dividend will be paid on January 15, 2025, to shareholders who are on record as of December 31, 2024. The increase in dividends is a result of the company's strong cash flow and effective implementation of its Higher Standard 2025 Strategy.

CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq:LECO) has announced that Christopher L. Mapes, the Executive Chair, will step down from his role and the Board of Directors on December 31, 2024. The Board has chosen Steven B. Hedlund, who is currently the Chief Executive Officer and a Director, to take over as Chair of the Board starting January 1, 2025. Mr. Hedlund will continue to fulfill his current responsibilities as well.

CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) has announced that it will share its third quarter 2024 results on Thursday, October 31, 2024, before the market opens. An investor conference call and webcast will be held at 10:00 a.m. (ET) that same day. The event can be accessed in listen-only mode through a link or on the Company's Investor Relations website at https://ir.lincolnelectric.com.

Lincoln Electric is facing some temporary difficulties in the automation and electric vehicle markets, but the long-term outlook for infrastructure and renewable energy is still strong. Although the stock price and sales have recently decreased, the company still has good profit margins and is making strategic acquisitions to promote growth. With low debt levels, Lincoln Electric can keep making deals, and the latest acquisitions are likely to boost earnings.

CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has announced its involvement in several financial events this September. The company will participate in the Stifel London Industrial Conference on Wednesday, September 4, 2024, at 11:15 am BST (6:15 am ET) via live webcast in London, UK, featuring Steve Hedlund, President and CEO. Additionally, they will take part in the Jefferies Industrials Conference on Thursday, September 5, 2024, at 8:05 am ET, also through a live webcast in New York, NY, with Gabe Bruno, Executive Vice President.

In the second quarter, Lincoln Electric's (LECO) revenue showed a decrease in organic sales, but this was somewhat balanced by the advantages gained from their acquisitions.