Lincoln Electric Holdings Inc - Company Profile
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Lincoln Electric Holdings Inc (Lincoln Electric) designs, develops, and manufactures welding, cutting, and brazing products. Its offers arc welding power sources, wire feeding systems, plasma cutters, robotic welding packages, fume extraction equipment, integrated automation systems, fluxes, consumable electrodes, and welding accessories. It also offers computer numeric controlled (CNC) plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing. The industries that Lincoln Electric serves include the automobile, oil and gas, building and infrastructure, and shipbuilding. It operates in Europe, the Americas, Asia-Pacific, the Middle East, and Africa. Lincoln Electric is headquartered in Cleveland, Ohio, the US.
Headquarters
United States of America
Address
22221 St Clair Ave, Cleveland, Ohio, 44117
Website
www.lincolnelectric.com/en
Telephone
1 216 4818100
No of Employees
12,000
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
LECO (NASD)
Revenue (2022)
$4.2B
11.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
15.5%
(2022 vs 2021)
Market Cap*
$13.0B
Net Profit Margin (2022)
XYZ
3.6%
(2022 vs 2021)
* As of and is in US$
Lincoln Electric Holdings Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Equipment: | Training Programs | Power MIG |
| Welding Equipment | MyLincoln Education Portal | READY-PAK |
| Cutting Equipment | Activ8X | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In April, the company acquired RedViking, an automation system integrator. |
| 2024 | New Products/Services | In February, the company launched the Sprinter 180Si stick welder. |
| 2023 | New Products/Services | In December, the company introduced the Velion DC Fast Charger for Electric Vehicles. |
Competitor Comparison
| Key Parameters | Lincoln Electric Holdings Inc | Illinois Tool Works Inc | AMETEK Inc | Kennametal Inc | Obara Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | Japan |
| City | Cleveland | Glenview | Berwyn | Pittsburgh | Yamato-Shi |
| State/Province | Ohio | Illinois | Pennsylvania | Pennsylvania | Kanagawa |
| No. of Employees | 12,000 | 45,000 | 21,500 | 8,700 | 1,729 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Christopher L. Mapes | Chief Executive Officer; President; Chairman | Executive Board | 2013 | 62 |
| Steven B. Hedlund | Chief Executive Officer; President | Executive Board | 2024 | 57 |
| Gabriel Bruno | Executive Vice President; Treasurer; Chief Financial Officer | Senior Management | 2020 | 56 |
| Lisa A. Dietrich | Executive Vice President; Chief Information Officer | Senior Management | 2022 | 51 |
| Michele R. Kuhrt | Executive Vice President; Chief Transformation Officer | Senior Management | 2024 | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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