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Lincoln Electric Holdings LECO · USD

Industrials · US listing · 🇺🇸 United States

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284.44

+3.30%

Close of 9 Nov 2026, in USD

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About Lincoln Electric Holdings

From its filings with the US Securities and Exchange Commission

SEC filings

Lincoln Electric Holdings is based in Cleveland, Ohio and is incorporated in Ohio. Its shares trade on Nasdaq under the ticker LECO. The SEC classifies its business as metalworkg machinery & equipment. In the fiscal year to 31 December 2025, it reported revenue of $4.23bn and net income of $520.5m. At that date it held total assets of $3.78bn and shareholders' equity of $1.47bn.

In its own words

The Company is a high-performance industrial machinery and technology leader who helps customers manufacture and maintain vital equipment and infrastructure. The Company’s innovative solutions enable higher quality and productivity across a variety of processes including welding, cutting, brazing, machining, process automation, and field repair.

The Company’s products include arc welding equipment, filler metals (welding, brazing and soldering consumables), cutting systems (laser, plasma and oxyfuel), wire feeding systems, fume control equipment, welding accessories, specialty gas regulators, mobile power equipment, wear solutions, software, and education solutions; as well as a comprehensive portfolio of automated solutions and system integration services for joining, cutting, material handling, module assembly, and end of line testing. Services include additive manufacturing, precision fabrication, wear services, upfitting, and training.

Solutions range in technology and features from basic units used for personal, maintenance and light manufacturing use to highly sophisticated robotic solutions for complex fabrication and production activities.

Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Industrials
Industry
Machinery
Listed since
1 Jun 1995
Employees
12,000
Head office
22801 ST CLAIR AVE, CLEVELAND, OH, 44117
Incorporated in
OH
Classification
Metalworkg Machinery & Equipment
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Mr. Steven HedlundChairman of the Board, President, Chief Executive Officer, since 2008$7.4m
  • Mr. Gabriel BrunoChief Financial Officer, Executive Vice President, Treasurer$2.6m
  • Ms. Susan EdwardsChief Human Resources Officer, Executive Vice President
  • Ms. Jennifer AnsberryExecutive Vice President, General Counsel, Secretary$1.8m
  • Ms. Lisa DietrichExecutive Vice President, Chief Digital Information Officer
  • Ms. Michele KuhrtExecutive Vice President, Chief Transformation Officer$1.5m
  • Mr. Gregory DoriaSenior Vice President, President - Harris Products Group and Asia Pacific Welding
  • Mr. Michael WhiteheadSenior Vice President, President - Americas Welding
  • Mr. Curtis EspelandLead Independent Director$284,928
  • Mr. Brian ChambersIndependent Director$249,939
  • Ms. N. Joy FaloticoIndependent Director
  • Ms. Bonnie FetchIndependent Director$249,930

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
72
Environment
63
Social
87
Governance
65
Direct emissions (scope 1)
69,164 t
Energy emissions (scope 2)
123,924 t
Women in the workforce
20%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Lincoln Electric Holdings Inc has several strengths that contribute to its success in the market. Firstly, the company has a strong brand reputation and is recognized as a global leader in the welding and cutting industry. This strong brand image enables Lincoln Electric to attract and retain customers effectively.
  • Secondly, the company has a highly skilled workforce. Lincoln Electric invests in employee training and development, which results in a knowledgeable and experienced team. This expertise allows the company to deliver high-quality products and services consistently.
  • Additionally, Lincoln Electric follows a cost-effective manufacturing strategy. The company focuses on operational efficiency, ensuring that its production processes are optimized. This approach enables the company to offer competitive prices without compromising on product quality.

Weaknesses

  • Lincoln Electric also faces some weaknesses that may affect its performance. Firstly, the company heavily relies on the North American market, making it vulnerable to economic fluctuations in this region. This over-reliance exposes Lincoln Electric to potential risks and market uncertainties.
  • Secondly, the company's product portfolio is limited to welding and cutting equipment. While Lincoln Electric excels in this market, its narrow range of offerings may limit its ability to diversify and tap into new market segments. This lack of diversification could result in missed growth opportunities.

Opportunities

  • Despite the weaknesses mentioned above, Lincoln Electric can leverage various opportunities to further grow its business. One such opportunity lies in expanding its product offerings. By diversifying into related industrial equipment or exploring emerging technologies, the company can reach new customer segments and increase its market share.
  • Another opportunity for Lincoln Electric is to expand its presence in international markets. By strategically entering new regions and establishing partnerships, the company can tap into growing markets where demand for welding and cutting equipment is on the rise. This expansion will help reduce the company's reliance on the North American market.

Threats

  • Lincoln Electric faces certain threats that could impact its business operations. One significant threat is the presence of intense competition in the global welding and cutting industry. The emergence of new players and technological advancements may erode Lincoln Electric's market share and put pressure on its pricing and profitability.
  • Another threat is evolving regulatory requirements. Compliance with changing environmental and safety regulations can incur additional costs for Lincoln Electric and impact its manufacturing processes. Adapting to such regulations while remaining cost-efficient is crucial for the company's sustained success.

Sources and methodology

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