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Lincoln Electric Holdings Inc - Stock Quote LECO

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Morningstar's Lincoln Electric Holdings Inc Stock Analysis

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Lincoln Electric Continues to Benefit From Broad-Based End-Market Recovery

Business Strategy and Outlook

| Krzysztof Smalec, CFA |

Lincoln Electric is a manufacturer of welding, cutting, and brazing products, claiming leading market share globally. Alongside rivals ITW and Colfax, Lincoln Electric is one of the top three players offering a complete welding-solutions package, including equipment and consumables, which we think differentiates the firm from smaller competitors.

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Lincoln Electric Holdings Inc's Company Profile

Business Description

Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm’s portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $3.2 billion in sales and $479 million in adjusted operating income in 2021.

22801 Street Clair Avenue
Cleveland, OH, 44117
T +1 216 481-8100
Sector Industrials
Industry Tools & Accessories
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 11,000