Lincoln Elec Hldgs Inc Stock Price, News & Analysis

Universal Technical Institute (UTI) is expanding its Welding Technology Training Program to the NASCAR Technical Institute in Mooresville, N.C., marking the eighth rollout of this program across its campuses. Set to start in January 2022, the 36-week course addresses the high demand for welders in various industries, including automotive and aerospace. UTI anticipates strong enrollment driven by local employer needs, particularly noted by LA West, Inc., seeking skilled welders. The program is developed in collaboration with Lincoln Electric (LECO), a leader in the welding sector.

Lincoln Electric Holdings (Nasdaq: LECO) has acquired Overstreet-Hughes Company, Inc. and Shoals Tubular, Inc., manufacturers specializing in copper and aluminum HVAC components, with combined annual sales of approximately $50 million. This acquisition is part of The Harris Products Group’s strategy to enhance its HVAC offerings and position itself for growth in this sector. The integration aims to provide HVAC OEMs with a more comprehensive range of solutions, supporting the company's Higher Standard 2025 Strategy.

Lincoln Electric reported a 39.9% increase in net sales for Q2 2021, totaling $826.5 million, driven by a 36.0% rise in organic sales. Operating income surged to $121.8 million, with a margin of 14.7%. EPS rose by 255.6% to $1.60, and adjusted EPS increased 108.8% to $1.67. Cash flow from operations reached $100 million, while ROIC improved to 21.4%. For the first six months, net income was $170.3 million or $2.83 EPS, reflecting a substantial year-over-year growth.

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced its participation in several upcoming financial events throughout August 2021. Key events include the Jefferies Virtual Industrials Conference on August 4, Northcoast Research 2021 Industrial and Business Services Conference on August 9, and the Seaport Global Annual Virtual Summer Investor Conference on August 25. All presentations will feature Gabriel Bruno, EVP and CFO, and will be accessible via the company's Investor Relations website, where replays will also be available.

On July 21, 2021, Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced a quarterly cash dividend of $0.51 per common share, payable on October 15, 2021 to shareholders recorded as of September 30, 2021. Known as a leader in arc welding products, Lincoln Electric operates 55 manufacturing sites across 18 countries and serves a global network of markets in over 160 countries. The dividend reflects the company's ongoing commitment to returning value to shareholders.

Lincoln Electric Holdings (Nasdaq: LECO) announced the release of its second quarter 2021 results, scheduled for July 27, 2021, prior to market opening. An investor webcast will follow at 10:00 a.m. (ET) on the same day. Interested participants can access the earnings call via the Company's Investor Relations website, where a replay will also be available. Lincoln Electric, a leader in arc welding products and cutting systems, operates across 55 manufacturing locations in 18 countries, supporting a vast global distribution network.

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced its participation in two upcoming virtual financial events in June 2021. The KeyBanc Virtual Industrials & Basic Materials Conference will feature Chairman and CEO Christopher L. Mapes on June 3, while the Stifel 2021 Virtual Cross Sector Insight Conference on June 9 will include Executive Vice President and CFO Gabriel Bruno. The latter's presentation will be webcast and accessible via the company's Investor Relations website, where a replay will also be available. Lincoln Electric is a global leader in arc welding and cutting systems.

Lincoln Electric (Nasdaq: LECO) has announced that Gabriel Bruno, Executive Vice President and Chief Financial Officer, will speak at the Oppenheimer 16th Annual Industrial Growth Conference on May 5, 2021, at 10:30 AM ET. The event will be conducted virtually and can be accessed via their Investor Relations website. A replay will also be available on the same platform.

Lincoln Electric is a global leader in arc welding products and cutting systems, with 55 manufacturing locations across 18 countries and a presence in over 160 countries.

Lincoln Electric (Nasdaq: LECO) reported strong first quarter 2021 results, achieving net sales of $757.0 million, a 7.8% increase driven by 6.4% organic sales growth. Operating income margin improved to 13.7%, with adjusted operating income margin at 14.4%. Net income rose 33.5% to $74.2 million or $1.23 EPS, while adjusted EPS increased 37% to $1.37. The company cited effective strategic execution and cost management as key factors in achieving record earnings amidst market recovery.