OverviewSuggest Edit

Lincoln Electric is a manufacturer of welding, cutting and brazing products. The Company’s 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. Lincoln Electric operates through three segments: 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; and the Harris Products Group segment includes the Company's global cutting, soldering and brazing businesses, as well as the retail business in the United States. 

TypePublic
Founded1895
HQCleveland, US
Websitelincolnelectric.com
Employee Ratings2.4

Latest Updates

Employees (est.) (Dec 2018)11,000
Job Openings78
Revenue (FY, 2018)$3 B(+16%)
Share Price (Jun 2019)$80.2

Key People/Management at Lincoln Electric

Geoffrey P. Allman

Geoffrey P. Allman

Senior Vice President, Corporate Controller
Jennifer I. Ansberry

Jennifer I. Ansberry

Executive Vice President, General Counsel and Secretary
Anthony Battle

Anthony Battle

Senior Vice President, Internal Audit and Chief Compliance Officer
George D. Blankenship

George D. Blankenship

Executive Vice President and President of Americas Welding
Gabriel Bruno

Gabriel Bruno

Executive Vice President, Chief Human Resources Officer
Thomas A. Flohn

Thomas A. Flohn

Senior Vice President, President of Asia Pacific Region – International Welding
Show more

Lincoln Electric Office Locations

Lincoln Electric has offices in Cleveland, Euclid, Charlottesville, Broken Arrow and in 69 other locations
Cleveland, US (HQ)
22801 St Clair Ave
Altamonte Springs, US
1180 Spring Centre S Blvd #100
Baltimore, US
8015 Corporate Dr #1
Baton Rouge, US
3053 Old Forge Dr
Bettendorf, US
3222 Bear Tooth Ct
Bolingbrook, US
115 E Crossroads Pkwy Ste A
Show all (75)

Lincoln Electric Financials and Metrics

Lincoln Electric Revenue

Lincoln Electric's revenue was reported to be $3.03 b in FY, 2018
USD

Revenue (Q1, 2019)

759.2m

Gross profit (Q1, 2019)

258.4m

Gross profit margin (Q1, 2019), %

34%

Net income (Q1, 2019)

71.5m

EBIT (Q1, 2019)

94.5m

Market capitalization (10-Jun-2019)

5.0b

Closing stock price (10-Jun-2019)

80.2

Cash (31-Mar-2019)

267.1m
Lincoln Electric's current market capitalization is $5 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.9b2.8b2.5b2.3b2.6b3.0b

Revenue growth, %

(1%)(10%)(10%)15%

Cost of goods sold

1.9b1.9b1.7b1.5b1.7b2.0b

Gross profit

942.7m949.3m841.1m789.3m880.3m1.0b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

664.7m645.2m550.7m592.4m567.6m580.9m626.9m669.5m757.7m1.5b737.1m759.2m

Cost of goods sold

439.0m446.3m361.6m389.5m367.8m377.0m409.4m450.0m501.1m1.0b485.5m500.8m

Gross profit

225.8m198.9m189.1m202.9m199.8m203.9m217.5m219.5m256.6m526.7m251.6m258.4m

Gross profit Margin, %

34%31%34%34%35%35%35%33%34%34%34%34%
Annual
USDY, 2009Y, 2010Y, 2011Y, 2012FY, 2013Y, 2013Y, 2014FY, 2015Y, 2015FY, 2016FY, 2017FY, 2018

Cash

388.1m366.2m361.1m286.5m299.8m299.8m278.4m304.2m304.2m379.2m326.7m358.8m

Accounts Receivable

367.1m367.1m321.9m264.7m264.7m274.0m395.3m396.9m

Inventories

255.4m348.7m361.8m

Current Assets

1.1b1.1b1.1b936.0m936.0m1.0b1.4b1.2b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

330.3m205.4m204.3m279.5m289.0m312.7m364.3m221.0m237.0m256.9m401.4m395.7m299.5m369.1m357.1m398.2m267.1m

Accounts Receivable

375.2m405.7m407.2m354.4m334.9m329.2m310.8m286.1m291.6m281.0m302.6m323.2m401.2m442.7m425.8m409.6m423.2m

Inventories

281.3m289.6m389.7m381.5m365.6m377.4m375.7m

Current Assets

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

Net Income

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

Depreciation and Amortization

68.9m69.6m64.0m65.1m68.1m

Inventories

56.1m14.6m19.4m

Accounts Payable

794.0k2.1m(46.9m)29.6m17.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

205.5m56.5m133.8m179.5m68.4m139.3m78.8m53.6m85.0m145.0m55.8m117.2m223.3m60.8m129.7m200.2m71.5m

Depreciation and Amortization

51.9m17.9m35.9m53.0m16.0m31.7m47.9m15.6m32.2m48.5m16.2m32.0m50.5m18.1m36.3m53.9m18.9m

Inventories

(9.9m)(15.2m)(17.5m)(11.2m)(16.2m)(10.8m)(20.9m)(24.8m)(22.5m)(28.1m)(27.9m)(41.5m)(14.6m)

Accounts Payable

(12.1m)196.9m186.8m185.9m172.1m166.9m159.6m173.0m164.8m7.2m12.6m(8.9m)3.2m4.9m(17.5m)(15.1m)
USDY, 2019

Financial Leverage

2.7 x
Show all financial metrics

Lincoln Electric Revenue Breakdown

Embed Graph

Lincoln Electric revenue breakdown by business segment: 61.3% from Americas Welding, 27.6% from International Welding and 11.1% from The Harris Products Group

Lincoln Electric revenue breakdown by geographic segment: 47.1% from Foreign countries and 52.9% from United States

Lincoln Electric Online and Social Media Presence

Embed Graph

Lincoln Electric News and Updates

Lincoln Electric Announces June 2019 Events With the Financial Community

CLEVELAND, May 31, 2019 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced participation in the following upcoming events with the financial community in the month of June:

BRIEF-Eczacibasi Yatirim Holding To Divest 15.9% Shares In Unit Kaynak Teknigi Sanayi To Lincoln Electric At Estimated Amount Of $11.3 Mln

* SAID ON WEDNESDAY ECZACIBASI YATIRIM HOLDING AND ECZACIBASI HOLDING A.S. SIGN DEAL TO SELL 49.5% SHARES IN UNIT KAYNAK TEKNIGI SANAYI (33.7% FOR ECZACIBASI HOLDING A.S. AND 15.9% FOR ECZACIBASI YATIRIM HOLDING) TO LINCOLN ELECTRIC FRANCE

Lincoln Electric Enters Into Agreement to Acquire Askaynak

Advances Regional Growth Strategy Advances Regional Growth Strategy

Lincoln Electric Mourns the Death of Former Chairman and CEO John M. Stropki, Jr.

CLEVELAND, May 13, 2019 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (NASDAQ: LECO) (the “Company”) mourns the loss of John M. Stropki, Jr., former Chairman, President and Chief Executive Officer of the Company, who passed away on Saturday, May 11, 2019, at the age of 68.

Lincoln Electric Reports First Quarter 2019 Results

CLEVELAND, April 22, 2019 (GLOBE NEWSWIRE) --  Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported first quarter 2019 net income of $71.5 million, or diluted earnings per share (EPS) of $1.12, which includes special item after-tax charges of $3.5 million, or $0.05 EPS.  T…

Lincoln Electric Schedules Webcast for First Quarter 2019 Results

CLEVELAND, April 02, 2019 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its first quarter 2019 results on Monday, April 22, 2019 prior to market open.  An investor conference call and webcast will take place at 10:00 a.m. (…
Show more

Lincoln Electric Frequently Asked Questions

  • When was Lincoln Electric founded?

    Lincoln Electric was founded in 1895.

  • Who are Lincoln Electric key executives?

    Lincoln Electric's key executives are Geoffrey P. Allman, Jennifer I. Ansberry and Anthony Battle.

  • How many employees does Lincoln Electric have?

    Lincoln Electric has 11,000 employees.

  • What is Lincoln Electric revenue?

    Latest Lincoln Electric annual revenue is $3 b.

  • What is Lincoln Electric revenue per employee?

    Latest Lincoln Electric revenue per employee is $275.3 k.

  • Who are Lincoln Electric competitors?

    Competitors of Lincoln Electric include Atlas Copco, Colleen & Herb Enterprises and Carmin Industries.

  • Where is Lincoln Electric headquarters?

    Lincoln Electric headquarters is located at 22801 St Clair Ave, Cleveland.

  • Where are Lincoln Electric offices?

    Lincoln Electric has offices in Cleveland, Euclid, Charlottesville, Broken Arrow and in 69 other locations.

  • How many offices does Lincoln Electric have?

    Lincoln Electric has 75 offices.