The Lincoln Electric Company Distributes 80th Consecutive Profit-Sharing Bonus
$100.7 Million Bonus Pool Sets Company Record
CLEVELAND, Dec. 13, 2013
CLEVELAND, Dec. 13, 2013 /PRNewswire/ --The Lincoln Electric Company today
distributed its 80^th consecutive profit-sharing bonus to approximately 3,000
employees throughout its Northeast Ohio operations. The 2013 total gross
bonus pool was $100.7 million, the largest total dollar bonus in Lincoln's
history and the average bonus per employee was $33,029.
The bonus ceremony was held at the Company's Euclid, Ohio manufacturing campus
and was broadcast to employees in Mentor, Ohio, and across other field
In his comments during the bonus ceremony, Christopher L. Mapes, President and
Chief Executive Officer, congratulated Lincoln Electric employees for their
hard work and dedication and stated: "We are proud of the record profitability
that the organization has generated in our 118^th year, even as we manage
through a slow economic recovery. This tremendous achievement reflects our
focus on productivity, quality, customer service and delivering the most
innovative solutions in the industry."
About Lincoln Electric
The Lincoln Electric Company is a subsidiary of Lincoln Electric Holdings,
Inc. Lincoln Electric is the world leader in the design, development and
manufacture of arc welding products, robotic arc welding systems, plasma and
oxy-fuel cutting equipment and has a leading global position in the brazing
and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 45
manufacturing locations, including operations and joint ventures in 19
countries and a worldwide network of distributors and sales offices covering
more than 160 countries. For more information about Lincoln Electric and its
products and services, visit the Company's website at www.lincolnelectric.com.
SOURCE The Lincoln Electric Company
Contact: Amanda Butler, Director, Investor Relations, Tel: 216.383.2534,
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