OverviewSuggest Edit

Lincoln Electric is a manufacturer of welding, cutting, and brazing products. Its 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, OH, US
Websitelincolnelectric.com
Employee Ratings3.1
Overall CultureD

Latest Updates

Employees (est.) (Dec 2019)11,000
Job Openings142
Revenue (FY, 2020)$2.7 B(-11%)
Share Price (Sept 2021)$134.4(+3%)
Cybersecurity ratingBMore

Key People/Management at Lincoln Electric

Christopher L. Mapes

Christopher L. Mapes

Chairman, President and Chief Executive Officer
Jennifer I. Ansberry

Jennifer I. Ansberry

Executive Vice President, General Counsel and Secretary
Geoffrey P. Allman

Geoffrey P. Allman

Senior Vice President, Strategy and Business Development
Gabriel Bruno

Gabriel Bruno

Executive Vice President, Chief Financial Officer and Treasurer
Thomas A. Flohn

Thomas A. Flohn

Senior Vice President, President International Welding
Steven B. Hedlund

Steven B. Hedlund

Executive Vice President, President, Americas & International Welding
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Lincoln Electric Office Locations

Lincoln Electric has offices in Cleveland, Baton Rouge, Bel Air, Bettendorf and in 72 other locations
Cleveland, OH, US (HQ)
22801 St Clair Ave
Baton Rouge, LA, US
3053 Old Forge Dr
Bel Air, MD, US
2107 Laurel Bush Rd #101
Bettendorf, IA, US
3222 Bear Tooth Ct
Bolingbrook, IL, US
115 E Crossroads Pkwy Ste A
Broken Arrow, OK, US
2512 N Hemlock Cir
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Lincoln Electric Financials and Metrics

Lincoln Electric Revenue

Lincoln Electric's revenue was reported to be $2.66 b in FY, 2020
USD

Revenue (FY, 2020)

2.7b

Gross profit (FY, 2020)

871.3m

Gross profit margin (FY, 2020), %

32.8%

Net income (FY, 2020)

206.1m

EBIT (FY, 2020)

282.1m

Market capitalization (15-Sept-2021)

8.0b

Closing stock price (15-Sept-2021)

134.4

Cash (31-Dec-2020)

257.3m

EV

8.5b
Lincoln Electric's current market capitalization is $8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

2.9b2.8b2.5b2.3b2.6b3.0b3.0b2.7b

Revenue growth, %

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

Cost of goods sold

1.9b1.9b1.7b1.5b1.7b2.0b2.0b1.8b

Gross profit

942.7m949.3m841.1m789.3m880.3m1.0b1.0b871.3m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

515.6m519.3m599.2m699.3m701.6m727.1m744.0m697.6m718.6m727.4m664.7m645.2m550.7m592.4m567.6m580.9m626.9m669.5m757.7m1.5b737.1m759.2m777.0m730.8m702.0m590.7m668.9m

Cost of goods sold

367.0m375.3m437.7m503.8m516.2m511.9m519.0m484.2m492.0m487.1m439.0m446.3m361.6m389.5m367.8m377.0m409.4m450.0m501.1m1.0b485.5m500.8m507.1m492.4m464.7m401.3m453.5m

Gross profit

148.6m144.1m161.4m195.5m185.5m215.3m225.0m213.4m226.6m240.3m225.8m198.9m189.1m202.9m199.8m203.9m217.5m219.5m256.6m526.7m251.6m258.4m269.9m238.4m237.3m189.4m215.4m

Gross profit Margin, %

29%28%27%28%26%30%30%31%32%33%34%31%34%34%35%35%35%33%34%34%34%34%35%33%34%32%32%
Annual
USDY, 2009FY, 2010Y, 2010FY, 2011Y, 2011Y, 2012FY, 2012Y, 2013FY, 2013FY, 2014Y, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

388.1m366.2m366.2m361.1m361.1m286.5m286.5m299.8m299.8m278.4m278.4m304.2m304.2m379.2m326.7m358.8m199.6m257.3m

Accounts Receivable

321.9m386.2m360.7m367.1m367.1m321.9m321.9m264.7m264.7m274.0m395.3m396.9m374.6m373.5m

Prepaid Expenses

75.9m79.0m104.1m102.9m158.4m91.2m120.2m107.6m

Inventories

291.7m373.2m364.9m350.0m330.8m275.9m255.4m348.7m361.8m393.7m381.3m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

373.9m382.5m341.4m337.9m321.5m300.8m308.0m340.7m248.5m256.4m330.3m205.4m204.3m279.5m289.0m312.7m364.3m221.0m237.0m256.9m401.4m395.7m299.5m369.1m357.1m398.2m267.1m189.9m156.6m163.4m143.1m152.5m

Accounts Receivable

306.7m319.5m376.9m414.2m392.6m430.4m422.5m391.4m423.8m396.4m375.2m405.7m407.2m354.4m334.9m329.2m310.8m286.1m291.6m281.0m302.6m323.2m401.2m442.7m425.8m409.6m423.2m428.4m395.4m385.7m339.1m373.0m

Prepaid Expenses

107.3m102.6m108.0m101.8m109.3m103.3m105.3m116.6m115.2m113.8m109.0m127.1m111.9m119.3m

Inventories

288.4m315.5m369.0m424.5m421.3m401.4m400.6m390.9m377.3m367.6m281.3m289.6m389.7m381.5m365.6m377.4m375.7m397.8m411.1m398.2m417.5m396.2m
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

130.2m217.0m257.2m293.8m254.7m127.5m198.4m247.5m287.0m293.1m206.1m

Depreciation and Amortization

57.4m62.1m65.3m68.9m69.6m64.0m65.1m68.1m72.3m81.5m80.5m

Inventories

(28.9m)(51.7m)28.3m56.1m14.6m19.4m(23.9m)(12.0m)22.8m

Accounts Payable

47.3m8.7m16.1m794.0k2.1m(46.9m)29.6m17.9m3.6m(8.3m)(17.9m)
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

56.3m88.7m46.9m103.9m159.3m64.1m130.5m195.3m66.8m139.4m205.5m56.5m133.8m179.5m68.4m139.3m78.8m53.6m85.0m145.0m55.8m117.2m223.3m60.8m129.7m200.2m71.5m156.9m229.4m55.6m82.6m141.1m

Depreciation and Amortization

28.4m42.4m15.2m31.3m47.1m15.6m31.8m48.2m17.4m34.6m51.9m17.9m35.9m53.0m16.0m31.7m47.9m15.6m32.2m48.5m16.2m32.0m50.5m18.1m36.3m53.9m18.9m39.3m60.4m21.0m41.1m60.6m

Inventories

(46.1m)(57.2m)(62.1m)(111.7m)(98.7m)(14.5m)(20.7m)(6.8m)(16.3m)(12.3m)(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)(27.8m)(36.5m)(17.4m)(30.4m)(3.4m)

Accounts Payable

48.5m54.3m55.6m66.0m35.0m23.3m16.4m(1.2m)8.3m(11.8m)(12.1m)196.9m186.8m185.9m172.1m166.9m159.6m173.0m164.8m7.2m12.6m(8.9m)3.2m4.9m(17.5m)(15.1m)(15.5m)(34.2m)(16.7m)(40.1m)(42.3m)
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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Lincoln Electric Online and Social Media Presence

Embed Graph

Lincoln Electric Company Culture

  • Overall Culture

    D

    59/100

  • CEO Rating

    C-

    64/100

  • Compensation

    C-

    58/100

  • Diversity

    D+

    58/100

Learn more on Comparably

Lincoln Electric News and Updates

Lincoln Electric to Present at the Morgan Stanley 9th Annual Laguna Conference

CLEVELAND, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today announced that Gabriel Bruno, Executive Vice President and Chief Financial Officer, will speak at the Morgan Stanley 9th Annual Laguna Conference being held virtually on Wednesday, September 15, 2021…

Welding Market to Exhibit a Decent CAGR of 4.6% by 2028; Lincoln Electric Acquires Baker Industries, Inc. to Strengthen its Position, says Fortune Business Insights™

List of the Companies Profiled in the Market: Lincoln Electric (Ohio, United States), KOBE STEEL, LTD (Hyogo, Japan), ESAB (Maryland, United States), ZULFI (Al Zulfi, Saudi Arabia), ISWEL CO., LTD. (Seoul, Korea), CS HOLDINGS CO., LTD. (Gyeongsangbuk-do, Korea), RME MIDDLE EAST (Dubai, UAE), voestal…

Lincoln Electric Acquires Overstreet-Hughes Company, Inc. and Shoals Tubular, Inc.

Advances The Harris Products Group’s HVAC Growth Strategy Advances The Harris Products Group’s HVAC Growth Strategy

Lincoln Electric Reports Second Quarter 2021 Results

CLEVELAND, July 27, 2021 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported second quarter 2021 net income of $96.1 million, or diluted earnings per share (EPS) of $1.60, which includes special item after-tax charges of $4.5 million, or $0.07 EPS. Thi…

Lincoln Electric Announces August 2021 Events With the Financial Community

CLEVELAND, July 23, 2021 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced participation in the following upcoming events with the financial community in the month of August:

Lincoln Electric Schedules Webcast for Second Quarter 2021 Results

CLEVELAND, July 06, 2021 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its second quarter 2021 results on Tuesday, July 27, 2021 prior to market open. An investor webcast will take place at 10:00 a.m. (ET) later that day.
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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 Christopher L. Mapes, Jennifer I. Ansberry and Geoffrey P. Allman.

  • How many employees does Lincoln Electric have?

    Lincoln Electric has 11,000 employees.

  • What is Lincoln Electric revenue?

    Latest Lincoln Electric annual revenue is $2.7 b.

  • What is Lincoln Electric revenue per employee?

    Latest Lincoln Electric revenue per employee is $241.4 k.

  • Who are Lincoln Electric competitors?

    Competitors of Lincoln Electric include Colfax Corporation, Afrox and Shanghai Hugong Welding Group.

  • 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, Baton Rouge, Bel Air, Bettendorf and in 72 other locations.

  • How many offices does Lincoln Electric have?

    Lincoln Electric has 77 offices.