STOCK TITAN

Lincoln Electric Holdings Inc - $LECO STOCK NEWS

Welcome to our dedicated page for Lincoln Electric Holdings news (Ticker: $LECO), a resource for investors and traders seeking the latest updates and insights on Lincoln Electric Holdings stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lincoln Electric Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lincoln Electric Holdings's position in the market.

Rhea-AI Summary

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announces its participation in the Oppenheimer 19th Annual Industrial Growth Conference and KeyBanc 2024 Industrials & Basic Materials Conference in May 2024. Gabriel Bruno, EVP, and CFO will be presenting at both events.

Lincoln Electric is a global leader in welding solutions, automated systems, cutting equipment, and alloys. With operations in 21 countries and a vast distribution network, the company aims to advance fabrication capabilities worldwide.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
Tags
none
-
Rhea-AI Summary
Lincoln Electric Holdings, Inc. (LECO) reported first quarter 2024 net income of $123.4 million, with EPS of $2.14. Adjusted net income was $128.7 million, with adjusted EPS of $2.23. Sales decreased by 5.6% to $981 million, reflecting a 6.1% decrease in organic sales. Operating income margin was 16.8%, with adjusted operating income margin of 17.5%. Cash flows from operations increased by 8% to $133 million, with $152 million returned to shareholders through dividends and share repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.07%
Tags
-
News
Rhea-AI Summary
Lincoln Electric Holdings, Inc. (LECO) declared a quarterly cash dividend of $0.71 per common share, payable on July 15, 2024. The company is a global leader in welding solutions and cutting systems, with operations in 21 countries and a strong global presence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
dividends
Rhea-AI Summary
Susan C. Edwards appointed as the new Chief Human Resources Officer (CHRO) at Lincoln Electric Holdings, Inc. (LECO), bringing over 30 years of HR experience. She will lead global HR strategy, talent management, training, and compensation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.25%
Tags
management
-
Rhea-AI Summary
Lincoln Electric Holdings, Inc. appoints Michele R. Kuhrt as Executive Vice President, Chief Transformation Officer to drive business process standardization and accelerate growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
management
-
Rhea-AI Summary
Lincoln Electric Holdings, Inc. (LECO) will report its first quarter 2024 results on April 25, 2024, followed by an investor conference call. The webcast will be accessible on the Company's Investor Relations page. Telephone participation is also available with specific dial-in details provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
News
Rhea-AI Summary
Lincoln Electric Holdings, Inc. (LECO) acquires RedViking, an automation system integrator, to enhance its capabilities in automated material handling, testing solutions, and production data analytics. RedViking specializes in AGVs, mobile robots, custom assembly and test systems, and MES software for aerospace, defense, transportation, and general industry sectors. The acquisition aims to expand Lincoln Electric's automation solutions portfolio and serve the aerospace and defense industries better.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
-
Rhea-AI Summary
Lincoln Electric Holdings Inc. (LECO) has been recognized as one of the 2024 World’s Most Ethical Companies® by Ethisphere for the sixth time, showcasing their commitment to business integrity. The company's President and CEO, Steven B. Hedlund, emphasized the importance of integrity and ethics in their operations, aiming to build a better world. The recognition highlights Lincoln Electric's dedication to ethics, compliance, and governance practices, outperforming global companies by 12.3 percentage points from 2019 to 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
Tags
none
-
News
Rhea-AI Summary
Lincoln Electric Holdings, Inc. (LECO) declares a quarterly cash dividend of $0.71 per share, payable on April 15, 2024, to shareholders of record as of March 31, 2024. Lincoln Electric is a global leader in welding solutions, cutting systems, and alloys, with a strong presence in over 160 countries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
dividends
Rhea-AI Summary
Lincoln Electric Holdings, Inc. (LECO) reported strong financial results for Q4 2023 and FY 2023, with net sales up 13.7% to $1.1 billion in Q4 and up 11.4% to $4.2 billion for the full year. Record operating income margins and EPS were achieved, showcasing a robust performance. Cash flows from operations surged by 74% to $668 million. The company returned $347 million to shareholders through dividends and share repurchases. The CEO highlighted strong demand and effective execution of the Higher Standard strategy, with a positive outlook for the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.88%
Tags
Lincoln Electric Holdings Inc

Nasdaq:LECO

LECO Rankings

LECO Stock Data

13.06B
55.11M
1.65%
81.28%
1.81%
Welding and Soldering Equipment Manufacturing
Manufacturing
Link
United States of America
CLEVELAND

About LECO

lincoln electric is the world leader in arc welding, robotic welding systems, plasma and oxyfuel cutting equipment and brazing and soldering alloys. headquartered in cleveland, ohio, lincoln has a worldwide network of manufacturing, distribution, sales and technical support covering more than 160 countries. for more information about lincoln electric and its products and services, visit the company's website at http://www.lincolnelectric.com.