Lincoln Electric Holdings, Inc. (LECO) 10-Year Financial Performance & Capital Metrics

LECO • • Industrial / General

IndustrialsTools & AccessoriesWelding & Cutting SystemsWelding & Fabrication Equipment

AboutLincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers welding products, including 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. The company's product offering also includes computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing; and consumables used in the brazing and soldering alloys market. In addition, it is involved in the retail business in the United States. Further, the company manufactures copper and aluminum headers, distributor assemblies, and manifolds for the heating, ventilation, and air conditioning sector in the United States and Mexico. The company serves general fabrication, energy and process, automotive and transportation, and construction and infrastructure industries, as well as heavy fabrication, ship building, and maintenance and repair markets. It sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. The company was founded in 1895 and is headquartered in Cleveland, Ohio.Show more

Revenue $4.01B -4.4%
EBITDA $725M -9.9%
Net Income $466M -14.5%
EPS (Diluted) 8.15 -13.0%
Gross Margin 36.87% +4.6%
EBITDA Margin 18.08% -5.8%
Operating Margin 15.88% -7.3%
Net Margin 11.63% -10.6%
ROE 35.36% -24.0%
ROIC 21.99% -15.0%
Debt/Equity 0.99 +11.9%
Interest Coverage 14.88 -8.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 43.9%
✓11 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 10.7%
✓Trading near 52-week high
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Expensive at 11.4x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.6%

5Y5.95%

3Y7.42%

TTM3.25%

Profit (Net Income) CAGR

10Y6.23%

5Y9.72%

3Y19%

TTM8.75%

EPS CAGR

10Y9.87%

5Y11.73%

3Y21%

TTM11.46%

ROCE

10Y Avg21.9%

5Y Avg24.8%

3Y Avg27.53%

Latest24.18%

Peer Comparison

Welding & Fabrication Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LECOLincoln Electric Holdings, Inc.	14.5B	263.56	32.34	-4.37%	12.56%	37.09%	3.33%	0.99

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.54B	2.27B	2.62B	3.03B	3B	2.66B	3.23B	3.76B	4.19B	4.01B
Revenue Growth %	-0.1%	-0.1%	0.15%	0.15%	-0.01%	-0.12%	0.22%	0.16%	0.11%	-0.04%
Cost of Goods Sold+	1.67B	1.49B	1.74B	2B	2B	1.78B	2.17B	2.48B	2.71B	2.53B
COGS % of Revenue	0.66%	0.65%	0.66%	0.66%	0.66%	0.67%	0.67%	0.66%	0.65%	0.63%
Gross Profit+	864.02M	786.56M	879.68M	1.03B	1.01B	871.34M	1.07B	1.28B	1.48B	1.48B
Gross Margin %	0.34%	0.35%	0.34%	0.34%	0.34%	0.33%	0.33%	0.34%	0.35%	0.37%
Gross Profit Growth %	-0.09%	-0.09%	0.12%	0.17%	-0.02%	-0.14%	0.23%	0.2%	0.15%	0%
Operating Expenses+	682.32M	502.94M	502.74M	652.98M	636.68M	589.27M	606.94M	668.42M	759.85M	841.48M
OpEx % of Revenue	0.27%	0.22%	0.19%	0.22%	0.21%	0.22%	0.19%	0.18%	0.18%	0.21%
Selling, General & Admin	439.21M	422.96M	483.21M	573.41M	565.34M	490.07M	418.55M	587.5M	703.65M	683.84M
SG&A % of Revenue	0.17%	0.19%	0.18%	0.19%	0.19%	0.18%	0.13%	0.16%	0.17%	0.17%
Research & Development	47.18M	44.72M	47.9M	54.17M	56.84M	51.41M	55.97M	63.21M	71.23M	81.82M
R&D % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Other Operating Expenses	195.93M	35.27M	-28.36M	25.4M	14.49M	47.78M	132.41M	17.71M	-15.04M	75.82M
Operating Income+	181.7M	288.27M	377.71M	375.54M	370.91M	282.07M	461.67M	612.34M	717.85M	636.46M
Operating Margin %	0.07%	0.13%	0.14%	0.12%	0.12%	0.11%	0.14%	0.16%	0.17%	0.16%
Operating Income Growth %	-0.51%	0.59%	0.31%	-0.01%	-0.01%	-0.24%	0.64%	0.33%	0.17%	-0.11%
EBITDA+	245.71M	353.35M	445.83M	447.88M	452.4M	362.56M	542.82M	690.39M	804.52M	724.7M
EBITDA Margin %	0.1%	0.16%	0.17%	0.15%	0.15%	0.14%	0.17%	0.18%	0.19%	0.18%
EBITDA Growth %	-0.45%	0.44%	0.26%	0%	0.01%	-0.2%	0.5%	0.27%	0.17%	-0.1%
D&A (Non-Cash Add-back)	64.01M	65.07M	68.11M	72.35M	81.49M	80.49M	81.15M	78.06M	86.67M	88.24M
EBIT	377.63M	318.88M	348.58M	400.94M	385.4M	329.85M	594.08M	630.05M	702.81M	712.28M
Net Interest Income+	-19.11M	-16.99M	-19.43M	-17.57M	-23.41M	-21.97M	-22.21M	-29.5M	-44.37M	-42.79M
Interest Income	2.71M	2.09M	4.79M	0	0	0	0	0	0	0
Interest Expense	21.82M	19.08M	24.22M	17.57M	23.41M	21.97M	22.21M	29.5M	44.37M	42.79M
Other Income/Expense	-11.91M	-10.89M	-10.71M	-6.88M	-2.42M	-18.03M	-136.67M	-19.51M	-30.98M	-42.31M
Pretax Income+	169.79M	277.39M	366.24M	368.66M	368.49M	264.04M	325M	592.83M	686.87M	594.15M
Pretax Margin %	0.07%	0.12%	0.14%	0.12%	0.12%	0.1%	0.1%	0.16%	0.16%	0.15%
Income Tax+	42.38M	79.02M	118.76M	81.67M	75.41M	57.9M	48.42M	120.6M	141.62M	128.04M
Effective Tax Rate %	0.75%	0.72%	0.68%	0.78%	0.8%	0.78%	0.85%	0.8%	0.79%	0.78%
Net Income+	127.48M	198.4M	247.5M	287.07M	293.11M	206.12M	276.58M	472.22M	545.25M	466.11M
Net Margin %	0.05%	0.09%	0.09%	0.09%	0.1%	0.08%	0.09%	0.13%	0.13%	0.12%
Net Income Growth %	-0.5%	0.56%	0.25%	0.16%	0.02%	-0.3%	0.34%	0.71%	0.15%	-0.15%
Net Income (Continuing)	127.41M	198.37M	247.47M	286.99M	293.08M	206.14M	276.58M	472.22M	545.25M	466.11M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	861K	729K	816K	650K	905K	979K	-193K	-99K	0	0
EPS (Diluted)+	1.70	2.91	3.71	4.37	4.68	3.42	4.60	8.04	9.37	8.15
EPS Growth %	-0.47%	0.71%	0.27%	0.18%	0.07%	-0.27%	0.35%	0.75%	0.17%	-0.13%
EPS (Basic)	1.72	2.94	3.76	4.42	4.73	3.46	4.66	8.14	9.51	8.23
Diluted Shares Outstanding	74.85M	68.16M	66.64M	65.68M	62.66M	60.25M	60.06M	58.75M	58.22M	57.19M
Basic Shares Outstanding	74.11M	67.46M	65.74M	64.89M	61.96M	59.63M	59.31M	58.03M	57.36M	56.64M
Dividend Payout Ratio	0.68%	0.44%	0.37%	0.36%	0.4%	0.57%	0.44%	0.28%	0.27%	0.35%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	936M	1.04B	1.37B	1.24B	1.08B	1.11B	1.29B	1.56B	1.69B	1.65B
Cash & Short-Term Investments	304.18M	379.18M	505.83M	358.85M	199.56M	257.28M	192.96M	197.15M	393.79M	377.26M
Cash Only	304.18M	379.18M	326.7M	358.85M	199.56M	257.28M	192.96M	197.15M	393.79M	377.26M
Short-Term Investments	0	0	179.13M	0	0	0	0	0	0	0
Accounts Receivable	264.71M	273.99M	395.28M	396.88M	374.65M	395.6M	454.37M	576.78M	580.65M	481.98M
Days Sales Outstanding	38.1	43.97	54.97	47.83	45.53	54.38	51.28	55.97	50.56	43.89
Inventory	275.93M	255.41M	348.67M	361.83M	393.75M	381.26M	539.92M	665.45M	562.86M	544.04M
Days Inventory Outstanding	60.24	62.65	72.94	66.03	72.01	78	91	97.92	75.7	78.46
Other Current Assets	91.17M	135.13M	123.84M	120.24M	107.62M	58.62M	71.95M	118.41M	155.81M	242M
Total Non-Current Assets+	848.18M	899.72M	1.03B	1.11B	1.3B	1.2B	1.3B	1.62B	1.68B	1.87B
Property, Plant & Equipment	411.32M	372.38M	477.03M	478.8M	529.34M	565.66M	559.71M	589.68M	628.6M	619.18M
Fixed Asset Turnover	6.16x	6.11x	5.50x	6.33x	5.67x	4.69x	5.78x	6.38x	6.67x	6.47x
Goodwill	187.5M	231.92M	234.58M	281.29M	337.11M	335.59M	430.16M	665.26M	694.45M	804.93M
Intangible Assets	120.72M	130.09M	127.45M	147.95M	177.8M	134.45M	149.39M	202.71M	186.67M	221M
Long-Term Investments	59.33M	-370.43M	-377.97M	-449.63M	-529.18M	4.88M	6.99M	19.29M	21.84M	0
Other Non-Current Assets	60.61M	527.35M	555.91M	633.23M	766.29M	144.57M	138.14M	123.01M	107.45M	152.14M
Total Assets+	1.78B	1.94B	2.41B	2.35B	2.37B	2.31B	2.59B	3.18B	3.38B	3.52B
Asset Turnover	1.42x	1.17x	1.09x	1.29x	1.27x	1.15x	1.25x	1.18x	1.24x	1.14x
Asset Growth %	-0.08%	0.09%	0.24%	-0.02%	0.01%	-0.02%	0.12%	0.23%	0.06%	0.04%
Total Current Liabilities+	370.12M	388.11M	528.74M	538.18M	563.13M	549.45M	755.9M	852.9M	754.61M	878.8M
Accounts Payable	152.62M	176.76M	269.76M	268.6M	273M	256.53M	330.23M	352.08M	325.44M	296.59M
Days Payables Outstanding	33.32	43.36	56.43	49.02	49.93	52.48	55.66	51.81	43.77	42.78
Short-Term Debt	4.28M	1.89M	2.13M	111K	34.97M	14.24M	62.95M	103.86M	2.44M	110.52M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	0	0
Other Current Liabilities	80.91M	120.79M	237.16M	158.25M	462.94M	143.93M	138.43M	171.13M	300.43M	458.58M
Current Ratio	2.53x	2.69x	2.60x	2.30x	1.91x	2.02x	1.71x	1.83x	2.24x	1.87x
Quick Ratio	1.78x	2.03x	1.94x	1.63x	1.21x	1.33x	0.99x	1.05x	1.50x	1.25x
Cash Conversion Cycle	65.03	63.26	71.48	64.84	67.62	79.9	86.62	102.09	82.49	79.57
Total Non-Current Liabilities+	481.6M	843.12M	945.35M	924.05M	989M	974.75M	972.49M	1.29B	1.31B	1.31B
Long-Term Debt	350.35M	703.7M	704.14M	702.55M	712.3M	715.46M	717.09M	1.11B	1.1B	1.15B
Capital Lease Obligations	0	0	0	0	39.08M	33.99M	38.96M	35.95M	41.58M	42.12M
Deferred Tax Liabilities	46.66M	41.62M	40.72M	45.98M	64.29M	46.74M	56.72M	17.02M	13.15M	10.46M
Other Non-Current Liabilities	84.59M	97.8M	200.5M	175.52M	109.05M	178.57M	159.73M	130.25M	156.34M	110.77M
Total Liabilities	851.72M	1.23B	1.47B	1.46B	1.55B	1.52B	1.73B	2.15B	2.07B	2.19B
Total Debt+	4.28M	1.89M	2.13M	111K	799.92M	763.68M	819M	1.25B	1.16B	1.32B
Net Debt	-299.9M	-377.29M	-324.57M	-358.74M	600.36M	506.4M	626.04M	1.05B	766.1M	939.05M
Debt / Equity	0.00x	0.00x	0.00x	0.00x	0.98x	0.97x	0.95x	1.21x	0.89x	0.99x
Debt / EBITDA	0.02x	0.01x	0.00x	0.00x	1.77x	2.11x	1.51x	1.81x	1.44x	1.82x
Net Debt / EBITDA	-1.22x	-1.07x	-0.73x	-0.80x	1.33x	1.40x	1.15x	1.53x	0.95x	1.30x
Interest Coverage	8.33x	15.11x	15.60x	21.38x	15.84x	12.84x	20.78x	20.76x	16.18x	14.88x
Total Equity+	933.31M	712.93M	933.27M	888.24M	819.98M	790.25M	863.91M	1.03B	1.31B	1.33B
Equity Growth %	-0.28%	-0.24%	0.31%	-0.05%	-0.08%	-0.04%	0.09%	0.2%	0.27%	0.01%
Book Value per Share	12.47	10.46	14.00	13.52	13.09	13.12	14.38	17.60	22.48	23.21
Total Shareholders' Equity	932.45M	712.21M	932.45M	887.59M	819.08M	789.27M	864.1M	1.03B	1.31B	1.33B
Common Stock	9.86M	9.86M	9.86M	9.86M	9.86M	9.86M	9.86M	9.86M	9.86M	9.86M
Retained Earnings	2.13B	2.24B	2.39B	2.56B	2.74B	2.82B	2.97B	3.31B	3.69B	3.99B
Treasury Stock	-1.18B	-1.51B	-1.55B	-1.75B	-2.04B	-2.15B	-2.31B	-2.49B	-2.68B	-2.94B
Accumulated OCI	-296.27M	-329.04M	-247.19M	-293.74M	-275.85M	-302.19M	-257.39M	-275.3M	-229.85M	-300.13M
Minority Interest	861K	729K	816K	650K	905K	979K	-193K	-99K	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	310.86M	303.4M	334.85M	329.15M	403.19M	351.36M	365.06M	383.39M	667.54M	598.98M
Operating CF Margin %	0.12%	0.13%	0.13%	0.11%	0.13%	0.13%	0.11%	0.1%	0.16%	0.15%
Operating CF Growth %	-0.23%	-0.02%	0.1%	-0.02%	0.22%	-0.13%	0.04%	0.05%	0.74%	-0.1%
Net Income	127.48M	198.4M	247.5M	287.07M	293.11M	206.12M	276.47M	472.22M	545.25M	466.11M
Depreciation & Amortization	64.01M	65.07M	68.11M	72.35M	81.49M	80.49M	81.15M	78.06M	86.67M	88.24M
Stock-Based Compensation	7.93M	10.33M	12.7M	18.55M	16.62M	15.39M	23.79M	25.27M	26.23M	24.05M
Deferred Taxes	-55.73M	-9.8M	28.62M	399K	13.02M	-2.95M	-28.56M	-48.21M	-20.93M	0
Other Non-Cash Items	115.9M	21.49M	-40.6M	-15.53M	-13.71M	11.46M	108.09M	20.08M	-48.87M	-22.43M
Working Capital Changes	51.27M	17.91M	18.51M	-33.68M	12.65M	40.85M	-95.87M	-164.04M	79.19M	43.01M
Change in Receivables	56.74M	-12.31M	-16.81M	-4.06M	50.39M	3.58M	-65.84M	-65.01M	14.98M	52.83M
Change in Inventory	56.07M	14.6M	19.45M	-23.9M	-12.02M	22.75M	-154.35M	-81.19M	122.09M	25.36M
Change in Payables	-46.91M	29.63M	17.87M	3.64M	-8.34M	-17.92M	82.39M	16.85M	-32.03M	-27.19M
Cash from Investing+	-85.35M	-159.95M	-272.03M	20.84M	-192.82M	-49.21M	-205.36M	-504.69M	-74.73M	-361.23M
Capital Expenditures	-50.51M	-49.88M	-61.66M	-71.25M	-69.61M	-59.2M	-62.53M	-71.88M	-90.99M	-116.6M
CapEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.23M	-709K	2.3M	14.76M	11.51M	2.32M	13.28M	3.49M	48.94M	8.12M
Cash from Financing+	-169.91M	-62.85M	-135.04M	-302.13M	-371.94M	-246.14M	-221.94M	133.72M	-412.39M	-244.64M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-86.97M	-87.33M	-92.45M	-102.06M	-117.92M	-118.12M	-121.85M	-130.72M	-148.01M	-162.14M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-6.05M	-9.89M	-15.55M	-2.17M	0	0	-763K	-438K	0	-3.92M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	260.35M	253.53M	273.19M	257.91M	333.57M	292.16M	302.53M	311.5M	576.55M	482.37M
FCF Margin %	0.1%	0.11%	0.1%	0.09%	0.11%	0.11%	0.09%	0.08%	0.14%	0.12%
FCF Growth %	-0.21%	-0.03%	0.08%	-0.06%	0.29%	-0.12%	0.04%	0.03%	0.85%	-0.16%
FCF per Share	3.48	3.72	4.10	3.93	5.32	4.85	5.04	5.30	9.90	8.43
FCF Conversion (FCF/Net Income)	2.44x	1.53x	1.35x	1.15x	1.38x	1.70x	1.32x	0.81x	1.22x	1.29x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.47%	24.1%	30.07%	31.52%	34.32%	25.6%	33.44%	49.76%	46.54%	35.36%
Return on Invested Capital (ROIC)	15.92%	44.62%	60%	49.49%	28.53%	15.57%	24.85%	25.68%	25.87%	21.99%
Gross Margin	34.07%	34.58%	33.52%	33.96%	33.55%	32.81%	33.04%	34.05%	35.25%	36.87%
Net Margin	5.03%	8.72%	9.43%	9.48%	9.76%	7.76%	8.55%	12.56%	13.01%	11.63%
Debt / Equity	0.00x	0.00x	0.00x	0.00x	0.98x	0.97x	0.95x	1.21x	0.89x	0.99x
Interest Coverage	8.33x	15.11x	15.60x	21.38x	15.84x	12.84x	20.78x	20.76x	16.18x	14.88x
FCF Conversion	2.44x	1.53x	1.35x	1.15x	1.38x	1.70x	1.32x	0.81x	1.22x	1.29x
Revenue Growth	-9.86%	-10.3%	15.38%	15.4%	-0.84%	-11.58%	21.8%	16.3%	11.44%	-4.37%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Americas Welding	-	1.59B	1.71B	1.93B	1.94B	1.62B	1.97B	2.41B	2.78B	2.7B
Americas Welding Growth	-	-	7.46%	12.79%	0.71%	-16.49%	21.36%	22.69%	15.43%	-2.96%
International Welding	-	523.26M	742.88M	938.35M	872.07M	805.3M	974.46M	985.78M	1.07B	969.58M
International Welding Growth	-	-	41.97%	26.31%	-7.06%	-7.66%	21.00%	1.16%	8.70%	-9.51%
The Harris Products Group	273.29M	281.05M	298.82M	309.36M	340.64M	365.75M	469.67M	529.04M	506.73M	522.42M
The Harris Products Group Growth	-	2.84%	6.32%	3.53%	10.11%	7.37%	28.41%	12.64%	-4.22%	3.10%
Intersegment Eliminations	-136.69M	-118.3M	-124.43M	-144.48M	-148.52M	-134.91M	-175.08M	-164.56M	-169.68M	-183.94M
Intersegment Eliminations Growth	-	13.46%	-5.19%	-16.11%	-2.80%	9.17%	-29.78%	6.01%	-3.11%	-8.41%
North America Welding	1.71B	-	-	-	-	-	-	-	-	-
North America Welding Growth	-	-	-	-	-	-	-	-	-	-
Europe Welding	352.75M	-	-	-	-	-	-	-	-	-
Europe Welding Growth	-	-	-	-	-	-	-	-	-	-
Asia Pacific Welding	197.13M	-	-	-	-	-	-	-	-	-
Asia Pacific Welding Growth	-	-	-	-	-	-	-	-	-	-
South America Welding	138.19M	-	-	-	-	-	-	-	-	-
South America Welding Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	1.39B	1.31B	1.39B	1.55B	1.62B	1.43B	1.73B	2.13B	2.4B	2.36B
UNITED STATES Growth	-	-5.71%	6.13%	11.94%	3.91%	-11.37%	20.58%	23.28%	12.69%	-1.81%
Other Foreign Countries	1.01B	965.98M	1.24B	1.47B	1.39B	1.22B	1.51B	1.63B	1.79B	1.65B
Other Foreign Countries Growth	-	-4.43%	27.91%	19.29%	-5.85%	-11.84%	23.22%	8.30%	9.82%	-7.79%
CHINA	137.1M	-	-	-	-	-	-	-	-	-
CHINA Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Lincoln Electric Holdings, Inc. (LECO) has a price-to-earnings (P/E) ratio of 32.3x. This suggests investors expect higher future growth.

Growth & Financials

Lincoln Electric Holdings, Inc. (LECO) reported $4.18B in revenue for fiscal year 2024. This represents a 55% increase from $2.69B in 2011.

Lincoln Electric Holdings, Inc. (LECO) saw revenue decline by 4.4% over the past year.

Yes, Lincoln Electric Holdings, Inc. (LECO) is profitable, generating $524.7M in net income for fiscal year 2024 (11.6% net margin).

Dividend & Returns

Yes, Lincoln Electric Holdings, Inc. (LECO) pays a dividend with a yield of 1.08%. This makes it attractive for income-focused investors.

Lincoln Electric Holdings, Inc. (LECO) has a return on equity (ROE) of 35.4%. This is excellent, indicating efficient use of shareholder capital.

Lincoln Electric Holdings, Inc. (LECO) generated $546.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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