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Lincoln Electric Holdings, Inc. reports company developments tied to welding, cutting, brazing, machining, process automation and field repair technologies. Its updates commonly describe financial results, organic sales trends, operating margin measures and non-GAAP performance metrics, along with dividend declarations and management presentations at industrial conferences.
The company serves fabrication and industrial end markets with arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel equipment, and brazing and soldering alloys. News also references its materials science, power electronics, automation and software capabilities, as well as strategic targets and customer productivity themes across manufacturing and infrastructure maintenance.
Lincoln Electric Holdings (Nasdaq: LECO) announced that Michele Kuhrt, Executive Vice President and Chief Transformation Officer, will retire effective August 31, 2025. During her nearly 30-year career at Lincoln Electric since 1997, Kuhrt held several executive leadership positions, including Chief Information Officer and Chief Human Resources Officer.
In her current role as Chief Transformation Officer since 2024, Kuhrt has focused on advancing process standardization and organizational alignment across the company. Steven B. Hedlund, Chair, President and CEO, acknowledged her leadership and dedication, expressing confidence in building upon her achievements.
Lincoln Electric is a global leader in arc welding solutions, automated joining, assembly and cutting systems, with 71 manufacturing and automation system integration locations across 20 countries, serving customers in over 160 countries.
Lincoln Electric Holdings (Nasdaq: LECO) has announced its Board of Directors' declaration of a quarterly cash dividend of $0.75 per common share. The dividend will be payable on April 15, 2025, to shareholders of record as of March 31, 2025.
The company is a global leader in engineering, design, and manufacturing of arc welding solutions, automated joining systems, and cutting equipment. Operating from 71 manufacturing and automation system integration locations across 20 countries, Lincoln Electric maintains a worldwide network serving customers in over 160 countries.
Lincoln Electric (NASDAQ: LECO) reported Q4 2024 financial results with net sales of $1,022 million, down 3.4% year-over-year. The company posted Q4 operating income margin of 17.3% and adjusted operating income margin of 18.2%. Q4 EPS was $2.47, with adjusted EPS of $2.57.
For full-year 2024, net sales decreased 4.4% to $4.0 billion, reflecting a 6.5% decrease in organic sales, partially offset by a 2.5% benefit from acquisitions. Full-year operating income margin was 15.9%, with adjusted operating income margin at 17.6%. The company reported full-year EPS of $8.15 and adjusted EPS of $9.29.
The company generated strong cash flows from operations of $599 million and returned $426 million to shareholders through dividends and share repurchases in 2024. Despite challenging industrial sector demand, management highlighted strong execution of cost-saving actions and operational improvements advancing performance towards their 2025 Higher Standard Strategy goals.
Lincoln Electric Holdings (NASDAQ: LECO) has announced that their Executive Vice President and CFO, Gabriel Bruno, will be presenting at the Barclays 42nd Annual Industrials Select Conference in Miami. The presentation is scheduled for Thursday, February 20, 2025, at 10:25 a.m. Eastern Time.
The event will be accessible via webcast through Lincoln Electric's Investor Relations website, with a replay option available afterward. Lincoln Electric, headquartered in Cleveland, Ohio, is recognized as the Welding Expert™ and leads globally in advanced arc welding solutions, automated joining systems, cutting equipment, and brazing and soldering alloys. The company operates 71 manufacturing and automation system integration facilities across 21 countries, serving customers in over 160 countries through its distribution and sales network.
Lincoln Electric Holdings (NASDAQ: LECO) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, February 13, 2025, before the market opens. The company will host an investor conference call and webcast 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. For telephone participation, participants should dial (888) 440-4368 (domestic) or (646) 960-0856 (international) using confirmation code 6709091, and connect 10 minutes before the start time.
Lincoln Electric, headquartered in Cleveland, Ohio, is a global leader in arc welding solutions, automated joining systems, cutting equipment, and brazing and soldering alloys. The company operates 71 manufacturing and automation system integration facilities across 21 countries, serving customers in over 160 countries.
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.