Lincoln Electric was founded in 1895 and is headquartered in Cleveland, US

Lincoln Electric has an office in Cleveland

Cleveland, US (HQ)

22801 St Clair Ave

Lincoln Electric's revenue was reported to be $580.9 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 580.9 m |

## Gross profit (Q1, 2017) | 203.9 m |

## Gross profit margin (Q1, 2017), % | 35% |

## Net income (Q1, 2017) | 55.8 m |

## EBIT (Q1, 2017) | 81.5 m |

## Market capitalization (15-Aug-2017) | 5.7 b |

## Cash (31-Mar-2017) | 401.4 m |

Lincoln Electric's current market capitalization is $5.7 b.

USD | FY, 2010^{} | FY, 2011^{} | FY, 2012^{} | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|

## Revenue | 2.9 b | 2.8 b | 2.5 b | 2.3 b | |||

## Revenue growth, % | (1%) | (10%) | (10%) | ||||

## Cost of goods sold | 1.5 b | 2 b | 2 b | 1.9 b | 1.9 b | 1.7 b | 1.5 b |

## Gross profit | 942.7 m | 949.3 m | 841.1 m | 789.3 m | |||

## Gross profit Margin, % | 33% | 34% | 33% | 35% | |||

## General and administrative expense | 527.2 m | 545.5 m | |||||

## Operating expense total | 527.2 m | 545.5 m | |||||

## EBIT | 407 m | 373.7 m | 178.7 m | 288.3 m | |||

## EBIT margin, % | 14% | 13% | 7% | 13% | |||

## Interest expense | 6.7 m | 6.7 m | 4.2 m | 2.9 m | 10.4 m | 21.8 m | 19.1 m |

## Interest income | 3.3 m | 3.1 m | 2.7 m | 2.1 m | |||

## Pre tax profit | 416.4 m | 375.8 m | 169.8 m | 277.4 m | |||

## Income tax expense | 84.3 m | 112.4 m | 124.8 m | 121.9 m | 42.4 m | 79 m | |

## Net Income | 293.8 m | 254.7 m | 127.4 m | 198.4 m |

USD | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|

## Revenue | 664.7 m | 645.2 m | 550.7 m | 592.4 m | 567.6 m | 580.9 m |

## Cost of goods sold | 439 m | 446.3 m | 361.6 m | 389.5 m | 367.8 m | 377 m |

## Gross profit | 225.8 m | 198.9 m | 189.1 m | 202.9 m | 199.8 m | 203.9 m |

## Gross profit Margin, % | 34% | 31% | 34% | 34% | 35% | 35% |

## EBIT | 96.8 m | (84 m) | 75.3 m | 48.1 m | 81.8 m | 81.5 m |

## EBIT margin, % | 15% | (13%) | 14% | 8% | 14% | 14% |

## Interest income | 738 k | 692 k | 430 k | 435 k | 360 k | 777 k |

## Pre tax profit | 94.4 m | (88.5 m) | 73.2 m | 45.8 m | 80.3 m | 77.9 m |

## Net Income | 70.9 m | (60.5 m) | 53.6 m | 31.3 m | 60 m | 55.8 m |

USD | Y, 2009^{} | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | Y, 2013^{} | Y, 2014^{} | Y, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 388.1 m | 366.2 m | 361.1 m | 286.5 m | 299.8 m | 278.4 m | 304.2 m | 379.2 m |

## Accounts Receivable | 367.1 m | 321.9 m | 264.7 m | 274 m | ||||

## Inventories | 255.4 m | |||||||

## Current Assets | 1.1 b | 1.1 b | 936 m | 1 b | ||||

## PP&E | 484 m | 437.2 m | 411.3 m | 372.4 m | ||||

## Goodwill | 174.7 m | 179.5 m | 187.5 m | 231.9 m | ||||

## Total Assets | 2.2 b | 1.9 b | 1.8 b | 1.9 b | ||||

## Accounts Payable | 212.8 m | 202.5 m | 152.6 m | 176.8 m | ||||

## Dividends Payable | 18.6 m | 22.3 m | 22.6 m | 23 m | ||||

## Total Debt | 131 k | |||||||

## Current Liabilities | 456.9 m | 492.4 m | 370.1 m | 388.1 m | ||||

## Non-Current Liabilities | 164.3 m | 161 m | 481.6 m | |||||

## Total Liabilities | 621.2 m | 653.4 m | 851.7 m | |||||

## Additional Paid-in Capital | 240.5 m | 258.8 m | 272.9 m | 309.4 m | ||||

## Retained Earnings | 1.9 b | 2.1 b | 2.1 b | 2.2 b | ||||

## Total Equity | 1.5 b | 1.3 b | 932.4 m | 712.2 m | ||||

## Debt to Equity Ratio | 0 x | |||||||

## Debt to Assets Ratio | 0 x | |||||||

## Financial Leverage | 1.4 x | 1.5 x | 1.9 x | 2.7 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 204.3 m | 279.5 m | 289 m | 312.7 m | 364.3 m | 221 m | 237 m | 256.9 m | 401.4 m |

## Accounts Receivable | 407.2 m | 354.4 m | 334.9 m | 329.2 m | 310.8 m | 286.1 m | 291.6 m | 281 m | 302.6 m |

## Inventories | 281.3 m | ||||||||

## Current Assets | 1.1 b | 1.2 b | 1.1 b | 1.1 b | 1.1 b | 902.3 m | 921.6 m | 920.5 m | 1.1 b |

## PP&E | 481.9 m | 450 m | 423 m | 429.3 m | 421.9 m | 413.8 m | 383.9 m | 384.8 m | |

## Goodwill | 190.6 m | 237.5 m | 236.6 m | 233.5 m | |||||

## Total Assets | 2.1 b | 2.1 b | 1.9 b | 2 b | 1.9 b | 1.8 b | 1.8 b | 1.8 b | 2.1 b |

## Accounts Payable | 196.9 m | 186.8 m | 185.9 m | 172.1 m | 166.9 m | 159.6 m | 173 m | 164.8 m | 186.3 m |

## Current Liabilities | 464.5 m | 571.7 m | 608.4 m | 470.6 m | 437.4 m | 401.5 m | 559.8 m | 596.1 m | 422.3 m |

## Non-Current Liabilities | 158.9 m | 164.3 m | 133.1 m | 283 m | 478.7 m | 483 m | 485.2 m | 484.8 m | |

## Additional Paid-in Capital | 248.5 m | 252.1 m | 262 m | 266.6 m | 269.2 m | 276.9 m | 283.2 m | 290.8 m | 317.1 m |

## Retained Earnings | 2 b | 2 b | 2.1 b | 2.2 b | 2.1 b | 2.2 b | 2.2 b | 2.2 b | 2.3 b |

## Total Equity | 1.5 b | 1.4 b | 1.2 b | 1.2 b | 1 b | 892.7 m | 792.4 m | 752.9 m | 784.1 m |

## Financial Leverage | 1.4 x | 1.5 x | 1.6 x | 1.6 x | 1.9 x | 2 x | 2.3 x | 2.4 x | 2.6 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 293.8 m | 254.7 m | 127.5 m | 198.4 m |

## Depreciation and Amortization | 68.9 m | 69.6 m | 64 m | 65.1 m |

## Accounts Receivable | (5.4 m) | 5.9 m | 56.7 m | (12.3 m) |

## Accounts Payable | 794 k | 2.1 m | (46.9 m) | 29.6 m |

## Cash From Operating Activities | 338.9 m | 401.7 m | 310.9 m | 303.4 m |

## Capital Expenditures | (76 m) | (73 m) | (50.5 m) | (49.9 m) |

## Cash From Investing Activities | (129.5 m) | (79 m) | (85.4 m) | (159.9 m) |

## Dividends Paid | (49.3 m) | (73.3 m) | (87 m) | (87.3 m) |

## Cash From Financing Activities | (194.2 m) | (314.4 m) | (169.9 m) | (62.9 m) |

## Free Cash Flow | 414.9 m | 474.7 m | 361.4 m | 253.5 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 70.9 m | (60.5 m) | 53.6 m | 31.3 m | 60 m | 55.8 m | |||

## Accounts Receivable | 407.2 m | 354.4 m | 334.9 m | 329.2 m | 310.8 m | 286.1 m | 291.6 m | 281 m | 302.6 m |

## Inventories | 281.3 m | ||||||||

## Accounts Payable | 196.9 m | 186.8 m | 185.9 m | 172.1 m | 166.9 m | 159.6 m | 173 m | 164.8 m | 186.3 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 64.5 k |

## Financial Leverage | 2.6 x |

March 13, 2017

Usually when people worry about machines and work, they are concerned that automation will take away their livelihoods, not their lives. But a new lawsuit…

July 31, 2016

The following tax-exempt, fixed-income issues are scheduled for pricing this week.