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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.
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Lincoln Electric Holdings (Nasdaq: LECO) has announced its 2025 Annual Meeting of Shareholders will be held virtually on Thursday, April 24, 2025, at 11:00 a.m. Eastern Time.
The company, headquartered in Cleveland, Ohio, is recognized as the Welding Expert™ and stands as a global leader in advanced arc welding solutions, automated joining, assembly and cutting systems, and plasma and oxy-fuel cutting equipment. They also maintain a leading position in brazing and soldering alloys globally.
Lincoln Electric operates 71 manufacturing locations across 21 countries and maintains a worldwide network of distributors and sales offices serving customers in over 160 countries. The company's expertise spans materials science, software development, automation engineering, and application expertise, helping customers enhance their fabrication capabilities.
Lincoln Electric (LECO) reported Q3 2024 financial results with net sales of $983.8 million, down 4.8% year-over-year, reflecting a 7.7% decrease in organic sales partially offset by a 3.0% benefit from acquisitions. Net income was $100.8 million with EPS of $1.77, compared to $129.3 million and $2.22 EPS in the prior year. Adjusted EPS was $2.14, down from $2.40. Operating income margin was 14.8%, with adjusted operating margin at 17.3%. The company generated strong cash flows of $199 million with 134% cash conversion and returned $91 million to shareholders through dividends and share repurchases. The Board declared a quarterly dividend increase of 5.6% to $0.75 per share.
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has announced a 5.6% increase in its quarterly cash dividend to $0.75 per share, or $3.00 per share annually. This marks the 29th consecutive annual dividend increase for the company. The dividend will be payable on January 15, 2025, to shareholders of record as of December 31, 2024.
Steven B. Hedlund, President and CEO, stated that the dividend increase reflects the company's strong cash flow generation, solid execution of their Higher Standard 2025 Strategy, and confidence in delivering superior long-term value for shareholders. Lincoln Electric is a global leader in arc welding solutions, automated joining, assembly and cutting systems, and plasma and oxy-fuel cutting equipment.
Lincoln Electric Holdings announced that Christopher L. Mapes will retire as Executive Chair and Board member on December 31, 2024. The Board has elected Steven B. Hedlund, current CEO and Director, to succeed Mapes as Chair of the Board, effective January 1, 2025. Hedlund will assume this position in addition to his role as President and CEO.
Hedlund joined Lincoln Electric in 2008 and has served in various senior management roles. He became President and CEO on January 1, 2024. The company emphasized its commitment to growth, innovation, operational excellence, and employee engagement under Hedlund's leadership.
Lincoln Electric is a global leader in welding solutions, automated joining, assembly and cutting systems, and related technologies. The company has 71 manufacturing locations in 21 countries and serves customers in over 160 countries.
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has announced the release date for its third quarter 2024 financial results. The company will publish its results on Thursday, October 31, 2024, before the market opens. Following the release, an investor conference call and webcast will be held at 10:00 a.m. (ET) on the same day.
Investors can access the webcast in listen-only mode through the company's Investor Relations website or a provided link. For those wishing to participate via telephone, dial-in numbers and a confirmation code have been provided. Participants are advised to connect 10 minutes before the call starts. A replay of the earnings call will be available on the company's website after the event.
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has announced its participation in four major financial community events in September 2024:
- Stifel London Industrial Conference on September 4
- Jefferies Industrials Conference on September 5
- Morgan Stanley 12th Annual Laguna Conference on September 12
- CL King 22nd Annual Best Ideas Conference 2024 (virtual) on September 16
Key executives, including CEO Steve Hedlund and CFO Gabe Bruno, will represent the company at these events. Live webcasts will be available for all presentations, with replays accessible on Lincoln Electric's Investor Relations website. As a global leader in welding and cutting solutions, Lincoln Electric continues to engage with the financial community to showcase its industry expertise and market position.
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has been recognized as one of America's Greatest Workplaces for Parents & Families 2024 by Newsweek and Plant-A Insights Group. This award acknowledges the top 1,000 U.S. workplaces based on reviews from over 113,000 parents across eight categories relevant to the workplace. Lincoln Electric was among 10 companies recognized in the Industrial Machinery sector.
The company's commitment to creating a safe, engaging, and rewarding workplace is highlighted by prioritizing employee flexibility, PTO, and extensive health and wellness programs. Lincoln Electric has also been recognized by Newsweek for other workplace achievements, including America's Greatest Workplaces 2024, Most Responsible Companies 2024, Greatest Workplaces for Diversity 2024, and Greenest Companies 2024.
Lincoln Electric reported Q2 2024 results with net sales of $1,022 million, down 3.7% year-over-year. The company's operating income margin was 14.6%, with an adjusted operating income margin of 17.4%. EPS stood at $1.77, while adjusted EPS was $2.34. Cash flows from operations were $171 million.
The company returned $91 million to shareholders through dividends and share repurchases. Lincoln Electric's performance demonstrates effective cost management and execution of strategic initiatives amid challenging market conditions. The company continues to focus on long-term growth and margin enhancement through innovation, acquisitions, and operational excellence.
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has acquired Vanair Manufacturing, , a leading manufacturer of mobile power solutions for the U.S. service truck market. Vanair offers a comprehensive portfolio of vehicle-mounted equipment, including compressors, generators, welders, hydraulics, and electrified power solutions. This acquisition positions Lincoln Electric as a leader in mobile power solutions and complements their existing maintenance and repair consumable offerings.
Key points:
- Vanair's annual revenue is approximately $100 million
- Low double-digit percent EBIT margin
- Results will be reported in the Americas Welding Segment
- Acquisition expected to accelerate growth and broaden Lincoln Electric's technology platform
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has announced a quarterly cash dividend of $0.71 per common share. The dividend is payable on October 15, 2024, to shareholders of record as of September 30, 2024. Lincoln Electric is a global leader in arc welding solutions, automated joining, assembly and cutting systems, and plasma and oxy-fuel cutting equipment. The company operates 71 manufacturing and automation system integration locations across 21 countries and serves customers in over 160 countries worldwide.
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