Trade Lincoln Electric Holdings Inc - LECO CFD

Lincoln Electrics Company profile

About Lincoln Electric Holdings, Inc.

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, as well as the retail business in the United States. Its products include arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication. It also offers computer numeric controlled (CNC) plasma and oxy-fuel cutting systems and regulators and torches used in oxy-fuel welding, cutting and brazing.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Lincoln Electric Holdings, Inc. revenues increased 22% to $3.23B. Net income increased 34% to $276.5M. Revenues reflect Americas Welding segment increase of 21% to $1.82B, International Welding segment increase of 21% to $948.1M, United States segment increase of 21% to $1.73B, Other Countries segment increase of 23% to $1.51B.

Equity composition

Common Stock no Par, 06/11, 120M auth., 84,352,172 o/s., net of Treas. @ $216.8M. Insiders & Strategic Owns 4.92%. IPO 6/95, 2,796,914 Class A shs. @ $28.35 by Merrill Lynch & Co. 6/98, 2-for-1 stock split. 06/11, 2-for-1 stock split.