Welcome to our dedicated page for Lincoln Elec Hldgs news (Ticker: LECO), a resource for investors and traders seeking the latest updates and insights on Lincoln Elec Hldgs stock.
Lincoln Electric Holdings Inc (NASDAQ: LECO) is a manufacturing company that focuses on welding and soldering equipment and related technologies. In its news releases, the company describes itself as the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, and plasma and oxy-fuel cutting equipment, with a leading global position in brazing and soldering alloys. Lincoln Electric is headquartered in Cleveland, Ohio, and reports operating 71 manufacturing and automation system integration locations across 20 countries, supported by a worldwide network of distributors and sales offices serving customers in over 160 countries.
The LECO news feed on Stock Titan highlights the types of announcements the company regularly makes. These include quarterly and annual earnings results, where Lincoln Electric reports net sales, operating income, net income, and diluted earnings per share, along with non-GAAP measures such as adjusted operating income, adjusted net income, adjusted EBIT, adjusted effective tax rate, and adjusted diluted EPS. Earnings releases often discuss organic sales growth, acquisition contributions, cash flows from operations, and amounts returned to shareholders through dividends and share repurchases.
Investors can also follow capital allocation and dividend news, such as Board decisions on quarterly cash dividends and information on dividend increases. For example, the company has announced a 5.3% increase in its quarterly cash dividend and noted that this represented its 30th consecutive annual dividend increase. In addition, the news flow covers acquisition activity, such as Lincoln Electric’s acquisition of the remaining interest in Alloy Steel Australia (Int) Pty Ltd., a manufacturer of maintenance and repair solutions serving the mining sector.
Other recurring items in Lincoln Electric’s news include webcast and conference call announcements for quarterly results, scheduling of the annual meeting of shareholders, and participation in events with the financial community. These updates give investors and analysts insight into how management communicates financial performance, strategic priorities, and corporate governance matters. Bookmarking the LECO news page on Stock Titan allows users to monitor these developments and review the company’s own descriptions of its operations and strategy over time.
Lincoln Electric Holdings (LECO) has appointed Lisa A. Dietrich as Executive Vice President and Chief Information Officer (CIO), effective immediately. Dietrich, who has 25 years of IT leadership experience, previously served as CIO at American Greetings Corporation. Her role will focus on supporting the company's Higher Standard 2025 Strategy by overseeing IT systems, cybersecurity, and global IT initiatives. CEO Christopher L. Mapes highlighted her strategic capabilities to enhance the global IT organization and drive growth.
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Lincoln Electric reported record first-quarter 2022 net sales of $925.4 million, a 22.2% increase, driven by 22.1% higher organic sales. Operating income margin reached 17.4%, while adjusted operating income margin was 17.6%. EPS rose 73.2% to $2.13. The company returned $137.9 million to shareholders through dividends and repurchases. Despite challenges, Lincoln's strong demand and operational execution positioned it well in a dynamic market.
Lincoln Electric successfully delivered critical replacement parts to Chevron USA, Inc. using its proprietary large-scale metal 3D printing technology. The parts, needed during a refinery maintenance shutdown, were produced in just 30 days, overcoming supply chain challenges. This collaboration highlights the effectiveness of additive manufacturing in reducing lead times and preventing facility downtime. Lincoln Electric's capabilities include printing large metal parts up to 7 ft. long and 5,000 lbs. heavy, showcasing a significant advancement in manufacturing efficiency.
Lincoln Electric Holdings (Nasdaq: LECO) announced that CFO Gabriel Bruno will speak at the Oppenheimer 17th Annual Industrial Growth Conference on May 4, 2022, at 9:00 a.m. Eastern Time. The presentation will be webcast, and a replay will be available on their Investor Relations website.
Lincoln Electric is the global leader in advanced arc welding solutions and has a strong presence in automated joining systems and plasma cutting equipment. Headquartered in Cleveland, Ohio, the company operates 56 manufacturing facilities worldwide.
Lincoln Electric Holdings (Nasdaq: LECO) has declared a quarterly cash dividend of $0.56 per common share. This dividend will be payable on July 15, 2022, to shareholders of record as of June 30, 2022. As a leading global provider of welding and cutting solutions, Lincoln Electric operates 56 manufacturing locations across 19 countries, serving customers in over 160 countries.
Lincoln Electric Holdings will release its first quarter 2022 results on April 28, 2022, before market open. Following the release, an investor conference call will be held at 10:00 a.m. ET, which will also be available via webcast. Investors can dial in for the call using specific phone numbers provided. A replay will be accessible on the company's investor relations website. Lincoln Electric is a leader in engineering and manufacturing advanced arc welding solutions and has a strong global presence.
Lincoln Electric Holdings (Nasdaq: LECO) has acquired Kestra Universal Soldas, a Brazilian manufacturer of specialty welding consumables and wear plates. This acquisition aligns with Lincoln's 2025 Higher Standard strategy, expanding its specialty alloys portfolio and services in South America. Kestra generates approximately USD $15 million in annual revenue. The transaction details remain undisclosed, but it is expected to enhance Lincoln's market position in industries such as mining and agriculture.
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced the election of Brian D. Chambers to its Board of Directors on February 16, 2022. Chambers, who is currently the CEO and Chair of Owens Corning, joins the Board as its 13th member, enhancing its independent director representation. His extensive background, including senior leadership roles in multiple companies, is expected to contribute valuable insights, particularly in sustainability and strategic initiatives for Lincoln’s Higher Standard 2025 Strategy.
On February 16, 2022, Lincoln Electric Holdings declared a quarterly cash dividend of $0.56 per common share, payable on April 15, 2022, to shareholders of record by March 31, 2022. As a global leader in welding solutions, Lincoln Electric excels in engineering, design, and manufacturing of advanced welding equipment and systems. With a robust presence of 56 manufacturing locations in 19 countries and distribution in over 160 countries, the company continues to innovate in material science and automation engineering.