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Complete financial analysis of Lincoln Electric Holdings, Inc. (LECO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Lincoln Electric Holdings, Inc., a leading company in the Manufacturing – Tools & Accessories industry within the Industrials sector.
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Lincoln Electric Holdings, Inc. (LECO)
Industry: Manufacturing - Tools & Accessories
Sector: Industrials
Website: https://www.lincolnelectric.com
About Lincoln Electric Holdings, Inc.
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers welding products, including 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 products. The company's product offering also includes computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing; and consumables used in the brazing and soldering alloys market. In addition, it is involved in the retail business in the United States. Further, the company manufactures copper and aluminum headers, distributor assemblies, and manifolds for the heating, ventilation, and air conditioning sector in the United States and Mexico. The company serves general fabrication, energy and process, automotive and transportation, and construction and infrastructure industries, as well as heavy fabrication, ship building, and maintenance and repair markets. It sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. The company was founded in 1895 and is headquartered in Cleveland, Ohio.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.19B | 3.76B | 3.23B | 2.66B | 3.00B | 3.03B | 2.62B | 2.27B | 2.54B | 2.81B | 2.85B | 2.85B | 2.69B | 2.07B | 1.73B | 2.48B | 2.28B | 1.97B | 1.60B | 1.33B | 1.04B | 994.08M | 978.88M | 1.06B | 1.09B | 1.19B | 1.16B | 1.11B | 1.03B | 906.70M |
| Cost of Revenue | 2.71B | 2.48B | 2.17B | 1.78B | 2.00B | 2.00B | 1.74B | 1.49B | 1.69B | 1.86B | 1.91B | 1.99B | 1.96B | 1.51B | 1.27B | 1.76B | 1.63B | 1.42B | 1.16B | 971.32M | 759.92M | 694.05M | 671.55M | 668.79M | 685.30M | 701.50M | 690.00M | 657.00M | 604.90M | 528.30M |
| Gross Profit | 1.48B | 1.28B | 1.07B | 871.34M | 1.01B | 1.03B | 880.33M | 789.30M | 841.14M | 949.30M | 942.65M | 866.66M | 736.74M | 563.82M | 456.27M | 720.15M | 647.57M | 552.28M | 436.92M | 362.36M | 280.67M | 300.03M | 307.33M | 389.81M | 400.90M | 485.20M | 469.10M | 452.10M | 427.50M | 378.40M |
| Gross Profit Ratio | 35.23% | 34.05% | 33.04% | 32.81% | 33.55% | 33.96% | 33.54% | 34.70% | 33.17% | 33.74% | 33.04% | 30.37% | 27.34% | 27.24% | 26.38% | 29.05% | 28.39% | 28.01% | 27.29% | 27.17% | 26.97% | 30.18% | 31.40% | 36.82% | 36.91% | 40.89% | 40.47% | 40.76% | 41.41% | 41.73% |
| Research & Development | 71.24M | 63.21M | 55.97M | 51.41M | 56.85M | 54.17M | 47.90M | 44.72M | 47.18M | 43.26M | 42.13M | 37.31M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 627.70M | 545.68M | 466.68M | 639.49M | 545.50M | 527.21M | 495.22M | 439.78M | 377.77M | 333.40M | 405.38M | 370.12M | 315.83M | 285.31M | 256.62M | 210.70M | 198.04M | 190.16M | 216.22M | 223.80M | 309.70M | 305.80M | 310.30M | 289.80M | 261.70M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 703.65M | 656.64M | 597.11M | 543.80M | 621.49M | 627.70M | 545.68M | 466.68M | 639.49M | 545.50M | 527.21M | 495.22M | 439.78M | 377.77M | 333.40M | 405.38M | 370.12M | 315.83M | 285.31M | 256.62M | 210.70M | 198.04M | 190.16M | 216.22M | 223.80M | 309.70M | 305.80M | 310.30M | 289.80M | 261.70M |
| Other Expenses | -15.04M | 9.99M | -114.46M | 3.94M | 21.00M | 10.69M | 5.22M | 3.17M | 4.18M | 4.00M | 4.19M | 2.69M | 0.00 | -384.00K | 0.00 | 0.00 | 0.00 | 0.00 | 1.76M | 2.44M | 1.74M | 10.47M | 0.00 | 34.71M | 29.10M | 28.10M | 28.40M | 29.50M | 29.70M | 28.00M |
| Operating Expenses | 758.91M | 656.64M | 597.11M | 543.80M | 621.49M | 627.70M | 545.68M | 466.68M | 639.49M | 545.50M | 527.21M | 495.22M | 440.06M | 377.77M | 333.40M | 424.75M | 370.12M | 315.83M | 287.07M | 259.06M | 212.45M | 208.50M | 190.16M | 250.93M | 252.90M | 337.80M | 334.20M | 339.80M | 319.50M | 289.70M |
| Cost & Expenses | 3.47B | 3.14B | 2.76B | 2.33B | 2.62B | 2.63B | 2.29B | 1.95B | 2.33B | 2.41B | 2.44B | 2.48B | 2.40B | 1.88B | 1.61B | 2.18B | 2.00B | 1.74B | 1.45B | 1.23B | 972.37M | 902.56M | 861.71M | 919.72M | 938.20M | 1.04B | 1.02B | 996.80M | 924.40M | 818.00M |
| Interest Income | 0.00 | 1.61M | 1.57M | 1.99M | 2.53M | 0.00 | 4.79M | 2.09M | 2.71M | 3.09M | 3.32M | 3.99M | 3.12M | 2.38M | 3.46M | 8.85M | 8.29M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 44.37M | 29.50M | 22.21M | 21.97M | 23.42M | 17.57M | 24.22M | 19.08M | 21.82M | 10.43M | 2.86M | 4.19M | 6.70M | 6.69M | 8.52M | 12.16M | 11.43M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 86.67M | 78.06M | 81.15M | 80.49M | 81.49M | 72.35M | 68.12M | 65.07M | 64.01M | 69.61M | 68.88M | 65.33M | 62.05M | 57.36M | 56.60M | 56.93M | 51.49M | 45.71M | 41.87M | 42.30M | 37.65M | 37.04M | 36.21M | 34.71M | 29.10M | 28.10M | 28.40M | 29.50M | 29.70M | 28.00M |
| EBITDA | 824.67M | 700.14M | 675.23M | 410.35M | 466.89M | 473.29M | 416.69M | 383.95M | 441.64M | 455.85M | 504.29M | 439.10M | 370.09M | 251.16M | 152.75M | 368.89M | 351.20M | 282.16M | 193.47M | 103.30M | 68.22M | 91.52M | 153.37M | 173.59M | 177.10M | 175.50M | 163.30M | 141.80M | 137.70M | 116.70M |
| EBITDA Ratio | 19.67% | 18.93% | 13.55% | 15.51% | 16.27% | 15.98% | 15.83% | 17.40% | 10.87% | 17.27% | 17.41% | 15.72% | 13.63% | 12.03% | 10.29% | 14.81% | 14.29% | 14.39% | 11.79% | 10.83% | 10.05% | 13.76% | 15.33% | 17.40% | 19.03% | 14.34% | 13.52% | 11.59% | 12.96% | 12.08% |
| Operating Income | 717.85M | 612.34M | 357.04M | 282.07M | 370.91M | 375.54M | 377.71M | 288.27M | 181.70M | 373.75M | 406.99M | 362.08M | 296.68M | 186.43M | 92.98M | 295.40M | 277.63M | 232.97M | 149.85M | 103.30M | 68.22M | 91.52M | 117.17M | 138.88M | 148.00M | 147.40M | 134.90M | 112.30M | 108.00M | 88.70M |
| Operating Income Ratio | 17.13% | 16.28% | 11.04% | 10.62% | 12.35% | 12.40% | 14.39% | 12.67% | 7.17% | 13.28% | 14.27% | 12.69% | 11.01% | 9.01% | 5.38% | 11.92% | 12.17% | 11.81% | 9.36% | 7.75% | 6.56% | 9.21% | 11.97% | 13.12% | 13.63% | 12.42% | 11.64% | 10.13% | 10.46% | 9.78% |
| Total Other Income/Expenses | -30.98M | -19.51M | -136.67M | -18.03M | -2.42M | -6.88M | -10.71M | -10.89M | -11.91M | 2.07M | 9.46M | 7.49M | 4.65M | 678.00K | -6.50M | 4.41M | 9.53M | 5.20M | 4.05M | 4.48M | 1.01M | -3.58M | -1.12M | -17.20M | -33.80M | -400.00K | 200.00K | 5.60M | -8.40M | -8.50M |
| Income Before Tax | 686.87M | 592.83M | 325.00M | 264.04M | 368.49M | 368.66M | 366.24M | 277.39M | 169.79M | 375.81M | 416.44M | 369.57M | 301.33M | 187.11M | 86.48M | 299.81M | 287.16M | 238.17M | 153.90M | 107.78M | 69.23M | 87.94M | 116.04M | 121.68M | 114.20M | 147.00M | 135.10M | 117.90M | 99.60M | 80.20M |
| Income Before Tax Ratio | 16.39% | 15.76% | 10.05% | 9.94% | 12.27% | 12.17% | 13.95% | 12.19% | 6.70% | 13.36% | 14.60% | 12.95% | 11.18% | 9.04% | 5.00% | 12.09% | 12.59% | 12.08% | 9.61% | 8.08% | 6.65% | 8.85% | 11.85% | 11.49% | 10.51% | 12.39% | 11.66% | 10.63% | 9.65% | 8.85% |
| Income Tax Expense | 141.62M | 120.60M | 48.42M | 57.90M | 75.41M | 81.67M | 118.76M | 79.02M | 42.38M | 121.93M | 124.75M | 112.35M | 84.32M | 54.90M | 37.91M | 87.52M | 84.42M | 63.16M | 31.59M | 27.18M | 14.69M | 21.06M | 32.45M | 43.59M | 40.30M | 53.30M | 49.70M | 43.60M | 38.10M | 32.20M |
| Net Income | 545.25M | 472.22M | 276.58M | 206.12M | 293.11M | 287.07M | 247.50M | 198.40M | 127.48M | 254.69M | 293.78M | 257.41M | 217.19M | 130.24M | 48.58M | 212.29M | 202.74M | 175.01M | 122.31M | 80.60M | 54.54M | 29.28M | 83.59M | 78.09M | 73.90M | 93.70M | 85.40M | 74.30M | 61.50M | 48.00M |
| Net Income Ratio | 13.01% | 12.56% | 8.55% | 7.76% | 9.76% | 9.48% | 9.43% | 8.72% | 5.03% | 9.05% | 10.30% | 9.02% | 8.06% | 6.29% | 2.81% | 8.56% | 8.89% | 8.88% | 7.64% | 6.04% | 5.24% | 2.94% | 8.54% | 7.38% | 6.80% | 7.90% | 7.37% | 6.70% | 5.96% | 5.29% |
| EPS | 9.51 | 8.14 | 4.66 | 3.46 | 4.73 | 4.42 | 3.76 | 2.94 | 1.72 | 3.22 | 3.58 | 3.10 | 2.60 | 1.54 | 0.57 | 2.49 | 2.37 | 2.06 | 1.47 | 0.98 | 0.66 | 0.35 | 0.99 | 0.92 | 0.82 | 0.96 | 0.87 | 0.75 | 0.66 | 1.10 |
| EPS Diluted | 9.37 | 8.04 | 4.60 | 3.42 | 4.68 | 4.37 | 3.71 | 2.91 | 1.70 | 3.18 | 3.54 | 3.06 | 2.56 | 1.53 | 0.57 | 2.47 | 2.34 | 2.04 | 1.45 | 0.97 | 0.66 | 0.34 | 0.98 | 0.92 | 0.81 | 0.96 | 0.87 | 0.75 | 0.66 | 1.10 |
| Weighted Avg Shares Out | 57.36M | 58.03M | 59.31M | 59.63M | 61.96M | 64.89M | 65.74M | 67.46M | 74.11M | 79.19M | 81.98M | 83.09M | 83.68M | 84.41M | 84.78M | 85.30M | 85.80M | 85.16M | 83.49M | 82.38M | 82.64M | 84.86M | 84.86M | 85.35M | 90.67M | 97.60M | 98.73M | 99.73M | 93.54M | 43.84M |
| Weighted Avg Shares Out (Dil) | 58.22M | 58.75M | 60.06M | 60.25M | 62.66M | 65.68M | 66.64M | 68.16M | 74.85M | 80.10M | 83.04M | 84.18M | 84.71M | 85.22M | 85.27M | 86.11M | 86.78M | 86.00M | 84.35M | 83.29M | 83.27M | 86.10M | 85.29M | 85.35M | 91.23M | 98.12M | 98.73M | 99.73M | 93.54M | 43.84M |
Lincoln Electric Board Declares Dividend
CLEVELAND--(BUSINESS WIRE)-- #LEA--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. Business...
Lincoln Electric Awarded on TIME's America's Best Mid-Size Companies 2024 List
CLEVELAND--(BUSINESS WIRE)-- #LEA--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...
Lincoln Electric Schedules Webcast for Second Quarter 2024 Results
CLEVELAND--(BUSINESS WIRE)-- #LEA--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...
Lincoln Electric Dragged Down By Softening End-Markets (Rating Upgrade)
Lincoln Electric is facing near-term challenges due to economic uncertainty and market contraction, with virtually all of its major markets seeing some level of weakness. Despite an unexpected contraction in sales, Lincoln Electric management expects margins to remain relatively stable...
Lincoln Electric Named to Newsweek's America's Greatest Workplaces 2024
CLEVELAND--(BUSINESS WIRE)-- #LEA--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. The award recognizes leading U.S. workplaces based on reviews...
Lincoln Electric Completes $550 Million Private Placement of Senior Unsecured Notes and Related Refinancing Transactions
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric completes $550M senior unsecured notes. Proceeds will be used to repay its $400M term loan. Entered into a $1B revolver.
Lincoln Electric Awarded on the USA TODAY America's Best Climate Leaders 2024 List
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric is recognized as one of the USA TODAY America's Best Climate Leaders 2024 for its reduction in core emissions intensity.
Lincoln Electric to Present at the Stifel 2024 Cross Sector Insight Conference
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today announced that Steven B. Hedlund, President and Chief Executive Officer, will speak at the Stifel 2024 Cross Sector Insight Conference being held in Boston on Wednesday, June 5, 2024, at 8:00...
Lincoln Electric (LECO) Dips 21% in 3 Months: Will It Recover?
Lincoln Electric (LECO) will gain from strong order trends and its focus on pricing.
Quadrant Capital Group LLC Buys 146 Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)
Quadrant Capital Group LLC boosted its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Free Report) by 13.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,199 shares of...
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