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 (LECO) delivers innovative welding and cutting solutions for global manufacturing sectors. This news hub provides investors and industry professionals with authoritative updates on corporate developments, technological advancements, and market positioning.
Access real-time press releases covering earnings reports, product launches, operational expansions, and leadership changes. Our curated collection ensures you stay informed about LECO partnerships, sustainability initiatives, and automation breakthroughs shaping the industrial equipment sector.
Key updates include robotic welding system innovations, strategic acquisitions, and financial performance metrics. All content is sourced directly from company filings and verified industry channels to maintain accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined access to LECO's evolving story. Combine our news feed with Stock Titan's analysis tools to monitor how corporate developments impact long-term value creation in the industrial technology space.
Gregory Doria has been appointed as Senior Vice President and President of The Harris Products Group, effective October 1, 2021, following the retirement of David J. Nangle. Doria, who has been with Lincoln Electric since 2000, previously held positions in sales and marketing, including Vice President of Marketing. Nangle's tenure was marked by record sales and profitability growth, with significant achievements in operational excellence. The leadership transition aims to enhance HPG's strategic initiatives and capitalize on future growth opportunities.
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) declared a quarterly cash dividend of $0.51 per common share. This dividend will be payable on July 15, 2021, to shareholders on record as of June 30, 2021. Lincoln Electric is a global leader in welding and cutting solutions, operating 55 manufacturing locations across 18 countries with a distribution network in over 160 countries.
Lincoln Electric Holdings (Nasdaq: LECO) announced the promotion of Lisa Shapiro to Vice President, Corporate Controller, effective April 13, 2021. In her new role, Shapiro will oversee global accounting, financial reporting, and tax compliance, reporting to CFO Gabriel Bruno. Shapiro, who joined Lincoln Electric in 2016, previously served as Director of Financial Reporting. Her experience at PricewaterhouseCoopers and her qualifications as a CPA position her to support the company's Higher Standard 2025 strategic initiatives.
Lincoln Electric Holdings, Inc. (LECO) announced it will release its first quarter 2021 results on April 27, 2021, prior to market open. An investor webcast will occur at 10:00 a.m. (ET) on the same day. The earnings call will be available in listen-only mode on the Company's Investor Relations website. For investors seeking to ask questions, a phone line will be available for dial-in participants. A replay of the earnings call will also be accessible afterwards. Lincoln Electric is a leader in welding and cutting equipment globally, with a presence in 18 countries.
Lincoln Electric (Nasdaq: LECO) has acquired Zeman Bauelemente, a top designer and manufacturer of robotic assembly and welding systems based in Austria. This acquisition enhances Lincoln's automation sales by approximately 10% and strengthens its international capabilities. Zeman's systems, known as Steel Beam Assembler (SBA), will integrate with Lincoln's PythonX solutions, boosting productivity for structural steel fabricators. The terms of the acquisition were not disclosed. This move aligns with Lincoln's Higher Standard 2025 Strategy, targeting growth in structural steel and infrastructure sectors.
Lincoln Electric Holdings has announced a quarterly cash dividend of $0.51 per common share, set to be paid on April 15, 2021. Shareholders must be on record by March 31, 2021. The company is a leader in arc welding products, with a significant global presence and 55 manufacturing facilities across 18 countries. Lincoln Electric's extensive distribution network spans over 160 countries.
Lincoln Electric reported fourth quarter 2020 net sales of $693.8 million, down 5.8% year-over-year due to a decline in organic sales and foreign exchange impacts. However, net income rose to $65.1 million, or $1.08 EPS, marking an increase from $63.7 million, or $1.03 EPS, in the prior year. Adjusted EPS also grew by 7.8% to $1.24. Operating income margin improved to 12.0%, with record cash flows from operations of $135.8 million. For the full year, net income was $206.1 million, down from $293.1 million in 2019, but adjusted income demonstrated resilience despite a sales drop of 11.6%.
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) will release its fourth quarter and full year 2020 results on February 12, 2021, before market open. An investor conference call and webcast are scheduled for 10:00 a.m. (ET) that same day. Investors can access the live webcast on the company's Investor Relations webpage. For those unable to join online, a telephone option is available by dialing (877) 344-3899 domestically or (315) 625-3087 internationally, using confirmation code 7190715. A replay of the earnings call will be accessible on the company's website.
FAQ
What is the current stock price of Lincoln Elec Hldgs (LECO)?
What is the market cap of Lincoln Elec Hldgs (LECO)?
