CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) has announced that Michele Kuhrt, the Executive Vice President and Chief Transformation Officer, will retire on August 31, 2025. Ms. Kuhrt has been with Lincoln Electric since 1997 and has served in various top leadership roles, such as Chief Information Officer and Chief Human Resources Officer. Since 2024, she has been the Executive Vice President.
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has announced that its Board of Directors will pay a quarterly cash dividend of $0.75 per common share on April 15, 2025, to shareholders who are on record as of March 31, 2025. Lincoln Electric is a global leader in the engineering, design, and production of advanced arc welding solutions, as well as automated joining, assembly, and cutting systems, including plasma and oxy-fuel cutting equipment.
LECO's revenue in the fourth quarter shows the effects of a drop in organic sales and negative foreign exchange rates, although this was somewhat balanced by acquisitions.
Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will hold its Q4 2024 Earnings Conference Call on February 13, 2025, at 10:00 AM ET. The call will feature company representatives, including Amanda Butler, Steve Hedlund, and Gabe Bruno, along with participants from various financial institutions. To minimize background noise, all lines are muted, and the call is being recorded.
The main figures for Lincoln Electric (LECO) provide an overview of the company's performance for the quarter that ended in December 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) announced its net income for the fourth quarter of 2024 was $140.2 million, translating to diluted earnings per share (EPS) of $2.47. This figure includes after-tax charges from special items amounting to $5.8 million, or $0.10 EPS. In comparison, the same period last year saw a net income of $156.6 million, or $2.70 EPS, which included after-tax gains from special items of $14.6 million, or $0.25 EPS.
Lincoln Electric: Creating Value in a Tough Market
Lincoln Electric (LECO) has the right mix of two important factors that could lead to better earnings in its next report. Get ready for the main expectations.
Lincoln Electric (LECO) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.
The Zacks Manufacturing-Tools & Related Products industry has been benefiting from strong performance in various markets, as well as high demand for machine tools in the industrial and automotive fields. Some key stocks in this industry include SWK, CNM, LECO, and KMT.