Lincoln Electric Holdings Inc (OQ:LECO)
Business Focus: Welding & Soldering Equipment
| Sector: Industrials | Industry: Industrial Machinery & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 22801 St Clair Ave CLEVELAND OH 44117 |
| Tel: | 1-216-3832534 |
| Website: | https://www.lincolnelectric.com/en |
| IR: | See website |
| Key People | ||
| Christopher L. Mapes Executive Chairman of the Board | Peter M. Pletcher Senior Vice President, President International | Steven B. Hedlund President, Chief Executive Officer, Director |
| Gabriel Bruno Chief Financial Officer, Executive Vice President, Treasurer | Susan C. Edwards Chief Human Resource Officer, Senior Vice President | Lisa A. Dietrich Executive Vice President, Chief Information Officer |
| Jennifer I. Ansberry Executive Vice President, General Counsel, Secretary | Michele R. Kuhrt Executive Vice President, Chief Transformation Officer | Geoffrey P. Allman Senior Vice President of Strategy and Business Development | Gregory Doria Senior Vice President, President - Harris Products Group |
| Business Overview |
| Lincoln Electric Holdings, Inc. is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding, and the Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment includes welding operations in Europe, Africa, Asia, and Australia. The Harris Products Group includes the Company's global cutting, soldering and brazing businesses, specialty gas equipment, as well as the retail business in the United States. The Company's products include arc welding, brazing and soldering filler metals (consumables), arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, specialty gas regulators, and education solutions; as well as a comprehensive portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Lincoln Electric Holdings Inc revenues increased 11% to $4.19B. Net income increased 15% to $545.2M. Revenues reflect Americas Welding segment increase of 16% to $2.66B, International Welding segment increase of 9% to $1.04B, United States segment increase of 13% to $2.4B, Other Countries segment increase of 10% to $1.79B. |
| Employees: | 12,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $14,289M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4,192M as of Dec 31, 2023 |
| EBITDA (TTM): | $821.45M as of Dec 31, 2023 |
| Net annual income (TTM): | $545.25M as of Dec 31, 2023 |
| Free cash flow (TTM): | $428.55M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $711.42M as of Dec 31, 2023 |
| Shares outstanding: | 56,825,265 as of Feb 29, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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