Lincoln Electric is a manufacturer of welding, cutting and brazing products. The Company’s welding 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 products. It 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 primarily 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.

Type
Public
HQ
Cleveland, US
Founded
1895
Size (employees)
9,000 (est)
Lincoln Electric was founded in 1895 and is headquartered in Cleveland, US
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Lincoln Electric Office Locations

Lincoln Electric has offices in Mentor, Euclid and Cleveland
Cleveland, US (HQ)
22801 St Clair Ave
Euclid, US
22221 St Clair Ave
Euclid, US
22800 St Clair Ave
Mentor, US
6500 Heisley Rd
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Lincoln Electric Financials and Metrics

Lincoln Electric Financials

Lincoln Electric's revenue was reported to be $2.62 b in FY, 2017
USD

Revenue (Q1, 2018)

757.7 m

Gross profit (Q1, 2018)

256.6 m

Gross profit margin (Q1, 2018), %

33.9%

Net income (Q1, 2018)

60.8 m

EBIT (Q1, 2018)

85.2 m

Market capitalization (15-May-2018)

5.8 b

Closing share price (15-May-2018)

88.2

Cash (31-Mar-2018)

369.1 m
Lincoln Electric's current market capitalization is $5.8 b.
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2.9 b2.8 b2.5 b2.3 b2.6 b

Revenue growth, %

(1%)(10%)(10%)

Cost of goods sold

1.9 b1.9 b1.7 b1.5 b1.7 b

Gross profit

942.7 m949.3 m841.1 m789.3 m880.3 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

664.7 m645.2 m550.7 m592.4 m567.6 m580.9 m626.9 m757.7 m

Cost of goods sold

439 m446.3 m361.6 m389.5 m367.8 m377 m409.4 m501.1 m

Gross profit

225.8 m198.9 m189.1 m202.9 m199.8 m203.9 m217.5 m256.6 m

Gross profit Margin, %

34%31%34%34%35%35%35%34%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

388.1 m366.2 m361.1 m286.5 m299.8 m278.4 m304.2 m379.2 m326.7 m

Accounts Receivable

367.1 m321.9 m264.7 m274 m395.3 m

Inventories

255.4 m348.7 m

Current Assets

1.1 b1.1 b936 m1 b1.4 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

330.3 m205.4 m204.3 m279.5 m289 m312.7 m364.3 m221 m237 m256.9 m401.4 m395.7 m369.1 m

Accounts Receivable

375.2 m405.7 m407.2 m354.4 m334.9 m329.2 m310.8 m286.1 m291.6 m281 m302.6 m323.2 m442.7 m

Inventories

281.3 m289.6 m381.5 m

Current Assets

1.2 b1.1 b1.1 b1.2 b1.1 b1.1 b1.1 b902.3 m921.6 m920.5 m1.1 b1.2 b1.4 b
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

293.8 m254.7 m127.5 m198.4 m247.5 m

Depreciation and Amortization

68.9 m69.6 m64 m65.1 m68.1 m

Inventories

Accounts Payable

794 k2.1 m(46.9 m)29.6 m17.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

205.5 m56.5 m133.8 m179.5 m68.4 m139.3 m78.8 m53.6 m85 m145 m55.8 m117.2 m60.8 m

Depreciation and Amortization

51.9 m17.9 m35.9 m53 m16 m31.7 m47.9 m15.6 m32.2 m48.5 m16.2 m32 m18.1 m

Inventories

(9.9 m)(15.2 m)(17.5 m)(11.2 m)(16.2 m)(10.8 m)(20.9 m)(24.8 m)(28.1 m)

Accounts Payable

(12.1 m)196.9 m186.8 m185.9 m172.1 m166.9 m159.6 m173 m164.8 m7.2 m12.6 m3.2 m
USDY, 2018

Revenue/Employee

84.2 k

Financial Leverage

2.5 x
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