Last $71.33 USD
Change Today +0.23 / 0.32%
Volume 429.9K
LECO On Other Exchanges
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As of 8:10 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

lincoln electric holdings (LECO) Snapshot

Open
$71.28
Previous Close
$71.10
Day High
$72.66
Day Low
$71.15
52 Week High
03/25/14 - $76.26
52 Week Low
09/4/13 - $62.32
Market Cap
5.7B
Average Volume 10 Days
233.6K
EPS TTM
$3.58
Shares Outstanding
79.5M
EX-Date
09/26/14
P/E TM
19.9x
Dividend
$0.92
Dividend Yield
1.25%
Current Stock Chart for LINCOLN ELECTRIC HOLDINGS (LECO)

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lincoln electric holdings (LECO) Details

Lincoln Electric Holdings, Inc., through its subsidiaries, engages in the design, manufacture, and sale of welding, cutting, and brazing products worldwide. The company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes, and fluxes. It also offers computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing. The company serves various markets, such as general metal fabrication, power generation and process industry, structural steel construction, heavy equipment fabrication, shipbuilding, automotive, pipe mills and pipelines, and offshore oil and gas exploration and extraction. The company sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. Lincoln Electric Holdings, Inc. was founded in 1895 and is headquartered in Cleveland, Ohio.

10,000 Employees
Last Reported Date: 02/21/14
Founded in 1895

lincoln electric holdings (LECO) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $800.0K
Chief Financial Officer, Principal Accountng ...
Total Annual Compensation: $435.0K
Executive Vice President and President of Lin...
Total Annual Compensation: $400.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $400.0K
Senior Vice President of Strategy & Business ...
Total Annual Compensation: $320.0K
Compensation as of Fiscal Year 2013.

lincoln electric holdings (LECO) Key Developments

Lincoln Electric Names Jennifer Ansberry as Vice President, Deputy General Counsel

The Lincoln Electric Company has named Jennifer Ansberry, Vice President, Deputy General Counsel. Ansberry's role as Deputy General Counsel has been extended to include leadership of the company's environmental, health and safety organization, which includes the development and implementation of EH&S policies, programs and practices. Prior to joining Lincoln Electric in 2004 as Deputy General Counsel, Ansberry served as an associate at Thompson Hine and at Keating, Muething & Klekamp.

Lincoln Electric Mulls Acquisitions

Lincoln Electric Holdings Inc. (NasdaqGS:LECO) is looking for acquisitions. Senior Vice President and Chief Financial Officer, Vincent Petrella stated, “We are investing in all opportunities from a capital investment standpoint to internally improve our returns on invested capital. We are seeking out and acquiring all businesses that we think can improve our product portfolio, our geographical presence.” Chairman and Chief Executive Officer, Chris Mapes added, “Our global automation and automation solutions group continues to work on really customer-facing technologies so that we can be one face to the customer globally and ensuring that we are driving those solutions to the various markets around the world. We continue to work on integrating back-office solutions, so that we can ensure that seamless offering is brought there productively. And probably most importantly, it certainly is one of those key areas that we continue to seek out acquisitions for in the space.”

Lincoln Electric Holdings Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditures Guidance for 2014

Lincoln Electric Holdings Inc. reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales were $728,531,000 against $727,432,000 a year ago. Operating income was $112,275,000 against $104,272,000 a year ago. Income before income taxes was $114,866,000 against $106,534,000 a year ago. Net income was $77,332,000 against $72,606,000 a year ago. Diluted earnings per share were $0.96 against $0.87 a year ago. Adjusted operating income was $116,579,000 against $107,661,000 a year ago. Adjusted net income was $81,498,000 against $75,723,000 a year ago. Adjusted diluted earnings per share were $1.01 against $0.91 a year ago. Net cash provided by operating activities was $104,974,000 against $107,199,000 a year ago. Capital expenditures were $25,441,000 against $15,910,000 a year ago. For the six months, the company reported net sales were $1,413,593,000 against $1,446,005,000 a year ago. This decrease reflects lower volumes and unfavorable foreign exchange translation, partially offset by acquisitions. Operating income was $192,713,000 against $192,902,000 a year ago. Income before income taxes was $197,292,000 against $197,213,000 a year ago. Net income was $133,785,000 against $139,412,000 a year ago. Diluted earnings per share were $1.65 against $1.67 a year ago. Adjusted operating income was $214,665,000 against $207,002,000 a year ago. Adjusted net income was $155,609,000 against $152,862,000 a year ago. Adjusted diluted earnings per share were $1.92 against $1.83 a year ago. Net cash provided by operating activities was $118,605,000 against $87,051,000 a year ago. Capital expenditures were $39,947,000 against $31,048,000 a year ago. 2014 capital spending plan is currently estimated at $70 million to $80 million, primarily associated with these significant reinvestment projects in both North and South American businesses.

 

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LECO

Industry Average

Valuation LECO Industry Range
Price/Earnings 20.2x
Price/Sales 2.0x
Price/Book 3.7x
Price/Cash Flow 19.6x
TEV/Sales 1.9x
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