Lincoln Electric Schedules Webcast for Fourth Quarter and Full Year 2024 Results
Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its fourth quarter and full year 2024 results on Thursday, February 13, 2025, prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day.
Lincoln Electric Schedules 2025 Virtual Annual Meeting of Shareholders
Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today announced that the Company’s 2025 Annual Meeting of Shareholders will be held as a virtual meeting on Thursday, April 24, 2025, at 11:00 a.m., Eastern Time.
Q3 Rundown: Stanley Black & Decker (NYSE:SWK) Vs Other Professional Tools and Equipment StocksThe end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how professional tools and equipment stocks fared in Q3, starting with Stanley Black & Decker (
NYSESWK).
3 Reasons to Sell LECO and 1 Stock to Buy InsteadLincoln Electric has been treading water for the past six months, holding steady at $187.01. The stock also fell short of the S&P 500’s 9.9% gain during that period.
Professional Tools and Equipment Stocks Q3 Highlights: Lincoln Electric (NASDAQ:LECO)Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Lincoln Electric (
NASDAQLECO) and the best and worst performers in the professional tools and equipment industry.
ESAB (NYSE:ESAB): Strongest Q3 Results from the Professional Tools and Equipment GroupThe end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how professional tools and equipment stocks fared in Q3, starting with ESAB (
NYSEESAB).
Lincoln Electric (NASDAQ:LECO) Posts Q3 Sales In Line With EstimatesWelding equipment manufacturer Lincoln Electric (
NASDAQLECO) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 4.8% year on year to $983.8 million. Its non-GAAP profit of $2.14 per share was 4.2% above analysts’ consensus estimates.
Lincoln Electric Reports Third Quarter 2024 Results
Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported third quarter 2024 net income of $100.8 million, or diluted earnings per share (EPS) of $1.77, which includes special item after-tax net charges of $21.6 million, or $0.37 EPS. This compares with prior year period net income of $129.3 million, or $2.22 EPS, which included special item after-tax net charges of $10.1 million, or $0.18 EPS. Excluding special items, third quarter 2024 adjusted net income was $122.4 million, or $2.14 adjusted EPS. This compares with adjusted net income of $139.5 million, or $2.40 adjusted EPS, in the prior year period.
Lincoln Electric (LECO) Q3 Earnings Report Preview: What To Look ForWelding equipment manufacturer Lincoln Electric (
NASDAQLECO)
will be reporting results tomorrow before market open. Here’s what you need to know.
Lincoln Electric Announces 5.6% Dividend Increase
Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has approved a 5.6% increase in the quarterly cash dividend to $0.75 per share, or $3.00 per share on an annualized basis. The dividend is payable January 15, 2025, to shareholders of record at the close of business on December 31, 2024.
Lincoln Electric Announces Retirement of Executive Chair Christopher L. Mapes and Election of Steven B. Hedlund as Chair of the Board
Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq:LECO) today announced that Christopher L. Mapes, Executive Chair, will retire from his position as Executive Chair and a member of the Board of Directors on December 31, 2024. The Board of Directors has elected Steven B. Hedlund, currently Chief Executive Officer and a Director, to succeed Mr. Mapes as Chair of the Board, effective January 1, 2025. Mr. Hedlund will assume this position in addition to his role as President and Chief Executive Officer.
Lincoln Electric Schedules Webcast for Third Quarter 2024 Results
Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its third quarter 2024 results on Thursday, October 31, 2024, prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day.
Lincoln Electric Announces September 2024 Events With the Financial Community
Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced participation in the following upcoming events with the financial community in the month of September:
Lincoln Electric Named to Newsweek’s America’s Greatest Workplaces for Parents & Families 2024
Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today announced that it has been recognized as one of America’s Greatest Workplaces for Parents & Families 2024 by Newsweek and Plant-A Insights Group.
Lincoln Electric Reports Second Quarter 2024 Results
Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported second quarter 2024 net income of $101.7 million, or diluted earnings per share (EPS) of $1.77, which includes special item after-tax net charges of $32.6 million, or $0.57 EPS. This compares with prior year period net income of $137.3 million, or $2.36 EPS, which included special item after-tax net charges of $4.9 million, or $0.08 EPS. Excluding special items, second quarter 2024 adjusted net income was $134.3 million, or $2.34 adjusted EPS. This compares with adjusted net income of $142.2 million, or $2.44 adjusted EPS, in the prior year period.
Lincoln Electric Acquires Vanair®
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired Vanair Manufacturing, LLC (“Vanair”), a privately held, Michigan City, Indiana-based, manufacturer of mobile power solutions serving the U.S. service truck market. Vanair offers the industry’s most comprehensive portfolio of mobile power solutions, including vehicle-mounted compressors, generators, welders, hydraulics, chargers/boosters, and electrified power equipment. Their extensive equipment portfolio complements Lincoln Electric’s maintenance and repair consumable offering and builds upon the joint development equipment initiatives that the two companies have been pursuing.
Lincoln Electric Board Declares Dividend
Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.71 per common share, payable October 15, 2024, to shareholders of record as of September 30, 2024.
Lincoln Electric Awarded on TIME’s America’s Best Mid-Size Companies 2024 List
Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) is pleased to announce that it has been awarded on TIME’s inaugural list of America’s Best Mid-Size Companies 2024. Lincoln Electric ranked 66th overall, and was one of 16 companies awarded within the “IT, Electronics, Hardware and Equipment” category. The award is presented by TIME and Statista Inc., the leading statistics portal and industry ranking provider and the awards list can be viewed on the TIME’s website.
Lincoln Electric Schedules Webcast for Second Quarter 2024 Results
Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its second quarter 2024 results on Wednesday, July 31, 2024, prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day.
Lincoln Electric Named to Newsweek’s America’s Greatest Workplaces 2024
Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today announced that it has been recognized as one of America’s Greatest Workplaces for 2024 by Newsweek and Plant-A Insights Group.
Lincoln Electric Completes $550 Million Private Placement of Senior Unsecured Notes and Related Refinancing Transactions
Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today announced that it has issued a new series of senior unsecured private placement notes (collectively the “Notes”) in the aggregate principal amount of $550 million. The proceeds of the Notes will be used to repay the Company’s $400 million term loan and for general corporate purposes. In addition, the Company entered into a new revolving credit facility to provide up to $1 billion of borrowing capacity, in alignment with the capital allocation priorities of the Company’s Higher Standard 2025 Strategy.
Lincoln Electric Awarded on the USA TODAY America’s Best Climate Leaders 2024 List
Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) is pleased to announce that it has been recognized on USA TODAY’s list of America’s Best Climate Leaders 2024. The award is presented by USA TODAY and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list can be viewed on the USA TODAY website.
