Profile
Sector:
IndustrialsIndustry:
Tools & AccessoriesCountry:
United StatesIPO:
07 April 1994Website:
http://www.lincolnelectric.comNext earnings report:
14 February 2025Last dividends:
30 September 2024Next dividends:
31 December 2024Price
after hours | Fri, 01 Nov 2024 21:16:24 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
LECO Latest News
Lincoln Electric Holdings, Inc. (NASDAQ:LECO ) Q3 2024 Earnings Call Transcript October 31, 2024 10:00 AM ET Company Participants Amanda Butler - VP of IR and Communications Steve Hedlund - President and CEO Gabe Bruno - CFO Conference Call Participants Bryan Blair - Oppenheimer Angel Castillo - Morgan Stanley Mig Dobre - Baird Saree Boroditsky - Jefferies Adam Farley - Stifel Walt Liptak - Seaport Steve Barger - KeyBanc Operator Greetings, and welcome to the Lincoln Electric 2024 Third Quarter Financial Results Conference Call. All lines have been placed on mute and this call is being recorded.
Lincoln Electric Holdings (LECO) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $2.40 per share a year ago.
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has approved a 5.6% increase in the quarterly cash dividend to $0.75 per share, or $3.00 per share on an annualized basis. The dividend is payable January 15, 2025, to shareholders of record at the close of business on December 31, 2024. “Our dividend increase reflects strong cash flow generation of the business, solid execution of our Higher Standard 2025 Strategy, and confid.
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq:LECO) today announced that Christopher L. Mapes, Executive Chair, will retire from his position as Executive Chair and a member of the Board of Directors on December 31, 2024. The Board of Directors has elected Steven B. Hedlund, currently Chief Executive Officer and a Director, to succeed Mr. Mapes as Chair of the Board, effective January 1, 2025. Mr. Hedlund will assume this position in addition to his role as.
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its third quarter 2024 results on Thursday, October 31, 2024, prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day. The event is available via webcast in listen-only mode and can be accessed here or on the Company's Investor Relations home page at https://ir.lincolnelectric.com. To participate via telephone, p.
Lincoln Electric is experiencing short-term challenges in the automation and the EV sector, but long-term trends in infrastructure and renewables remain sound. Despite a recent drop in the stock price and in sales, Lincoln Electric maintains solid margins and continues strategic bolt-on acquisitions to drive growth. The company's modest leverage allows for continued dealmaking, with recent acquisitions expected to contribute positively to earnings.
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced participation in the following upcoming events with the financial community in the month of September: Stifel London Industrial Conference Wednesday, September 4, 2024 11:15 am BST (6:15 am ET) live webcast London, UK Steve Hedlund, President and Chief Executive Officer Jefferies Industrials Conference Thursday, September 5, 2024 8:05 am ET live webcast New York, NY Gabe Bruno, Executive Vice President a.
Lincoln Electric's (LECO) Q2 top line reflects a decline in organic sales, partially offset by the benefits from acquisitions.
Lincoln Electric is facing near-term challenges due to economic uncertainty and market contraction, with virtually all of its major markets seeing some level of weakness. Despite an unexpected contraction in sales, Lincoln Electric management expects margins to remain relatively stable and free cash flow should be healthy. Lincoln Electric's business mix has been shifting towards more equipment sales, leading to higher margins and positioning the company well for a future where automation is even more important.
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today announced that it has been recognized as one of America's Greatest Workplaces for 2024 by Newsweek and Plant-A Insights Group. The award recognizes leading U.S. workplaces based on reviews from over 250,000 U.S. employees across eight categories: training and career progression; proactive management of a diverse workforce; sustainability; corporate culture; compensation and benefits; working environ.
What type of business is Lincoln Electric Holdings?
Lincoln Electric Holdings, Inc. designs, develops, manufactures, and sells products for welding, cutting, and brazing worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding kits, integrated automation systems, smoke removal equipment, consumable electrodes, fluxes and welding accessories, as well as specialized welding materials and products for welding. Lincoln Electric Holdings, Inc. also supplies computer numerical control plasma and oxy-fuel cutting systems, regulators and torches used for oxy-fuel welding, cutting, and brazing, as well as consumables used in the soldering and brazing alloys market. Lincoln Electric Holdings, Inc. was founded in 1895 and is headquartered in Cleveland, Ohio.
What sector is Lincoln Electric Holdings in?
Lincoln Electric Holdings is in the Industrials sector
What industry is Lincoln Electric Holdings in?
Lincoln Electric Holdings is in the Tools & Accessories industry
What country is Lincoln Electric Holdings from?
Lincoln Electric Holdings is headquartered in United States
When did Lincoln Electric Holdings go public?
Lincoln Electric Holdings initial public offering (IPO) was on 07 April 1994
What is Lincoln Electric Holdings website?
https://www.lincolnelectric.com
Is Lincoln Electric Holdings in the S&P 500?
No, Lincoln Electric Holdings is not included in the S&P 500 index
Is Lincoln Electric Holdings in the NASDAQ 100?
No, Lincoln Electric Holdings is not included in the NASDAQ 100 index
Is Lincoln Electric Holdings in the Dow Jones?
No, Lincoln Electric Holdings is not included in the Dow Jones index
When was Lincoln Electric Holdings the previous earnings report?
No data
When does Lincoln Electric Holdings earnings report?
The next expected earnings date for Lincoln Electric Holdings is 14 February 2025