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lincoln electric holdings (LECO) Key Developments

Lincoln Electric Introduces the VIKING PAPR 3350 Welding Helmet

Lincoln Electric introduced the VIKING PAPR 3350 Welding Helmet The PAPR (Powered Air Purifying Respirator) is a complete powered system that draws air from the environment through a HEPA filter located on the belt and delivers filtered air in the breathing zone within a premium-level VIKING auto-darkening welding helmet. This model, which offers dual airflow speed, is powered by a battery that can last a full eight-hour shift without interruption. A patent-pending adjustable baffling system inside the helmet directs airflow away from the eyes to avoid dryness. The lightweight design of the helmet and belt pack allow for unrestricted movement. The VIKING PAPR is equipped with a 3350 Series Welding Helmet that has a perfect 1/1/1/1 optical clarity rating (EN379).

Lincoln Electric Introduces Affordable Robotic Welding Cells for Manufacturers or Job Shops

The Lincoln Electric Company has provided a new solution for the first-time buyer in welding automation – the Auto-Mate pre-engineered robotic welding cell. These affordable cells enable the new buyers to quickly and easily implement automated welding. The Auto-Mate pre-engineered cells – Auto-Mate 5 and Auto-Mate 10 – create an easy entry point for first-time buyers and an affordable stepping stone to a more elaborate and sophisticated system further down the line. Auto-Mate 5 is a single-zone cell suitable for welding medium-sized to larger parts. Auto-Mate 10 is a two-zone cell, but with the same footprint as the Auto-Mate 5. If your process includes smaller parts, the robot can weld on one side while the operator handles parts on the other. Both cells enable MIG and flux-cored welding processes performed by a Fanuc Arc Mate 0iB robot driven by a Lincoln Electric Power Wave R350 power source. The Power Wave software controls and monitors welding processes to deliver optimized welds for any steel, stainless steel or aluminum applications, while simultaneously delivering production data on the operations. This enhances quality and productivity – two vital components that make the small business bigger and more competitive. The Auto-Mate line is engineered for the first-time user of robotic systems with an affordable list price of $59,999. The setup and programming procedures are intuitive and user friendly. There is also standard, three-day training available at no cost in Cleveland so the buyer can quickly start operations.

Lincoln Electric Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Lincoln Electric Holdings Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $715,777,000 compared to $691,875,000 a year ago. Operating income was $76,117,000 compared to $95,178,000 a year ago. Income before income taxes was $77,785,000 compared to $97,840,000 a year ago. Net income was $45,689,000 or $0.57 per diluted share compared to $66,044,000 or $0.80 per diluted share a year ago. Adjusted operating income was $105,185,000 compared to $101,480,000 a year ago. Adjusted net income was $74,940,000 compared to $71,121,000 a year ago. Adjusted diluted earnings per share were $0.94 compared to $0.86 a year ago. Net cash provided by operating activities was $149,448,000 compared to $155,040,000 a year ago. Capital expenditures were $15,483,000 compared to $28,643,000 a year ago. For the nine months, the company reported net sales of $2,129,370,000 compared to $2,137,880,000 a year ago. Operating income was $268,830,000 compared to $288,080,000 a year ago. Income before income taxes was $275,077,000 compared to $295,053,000 a year ago. Net income was $179,474,000 or $2.22 per diluted share compared to $205,456,000 or $2.47 per diluted share a year ago. Adjusted operating income was $319,850,000 compared to $308,482,000 a year ago. Adjusted net income was $230,549,000 compared to $223,983,000 a year ago. Adjusted diluted earnings per share were $2.86 compared to $2.69 a year ago. Net cash provided by operating activities was $268,053,000 compared to $242,091,000 a year ago. Capital expenditures were $55,430,000 compared to $59,691,000 a year ago.

Lincoln Electric Holdings Inc. Declares Quarterly Cash Dividend, Payable on January 15, 2015

Lincoln Electric Holdings Inc. announced that its Board of Directors has approved a 26% increase in the quarterly cash dividend, from $0.23 per share to $0.29 per share, or to $1.16 per share on an annualized basis. The declared quarterly cash dividend of $0.29 per common share is payable January 15, 2015 to shareholders of record as of December 31, 2014.

The Lincoln Electric Company Releases Power MIG 210 MP Welding Machine

The Lincoln Electric Company released Power MIG 210 MP welding machine. The Power MIG 210 MP from Lincoln Electric is a multi-process welder for the hobbyist, educator or small contractor who wants to perform MIG welding and a lot more, including DC stick, DC TIG and self-shield flux-cored wire welding. Push-and-turn digital controls and a color display screen make setup and operation intuitive and easy, while the all-metal wire drive and sturdy sheet metal construction make the welder rugged and ready for any job in the home or small shop. Weighing in at just 40 pounds, the Power MIG 210 MP can go anywhere - the yard, workshop or just about any other place where it's needed. Likewise, the dual-input voltage options (120 and 230 volts) enable the user to plug it in practically anywhere. The welder produces 20-140 amps DC on 120 volt input and 20-220 amps on 230 volt input. That's enough welding output for 3/8-inch-thick steel and stainless materials or 3/16-inch-thick aluminum. The integrated wire feeder handles 4- and 8-inch spools and can feed 50-500 inches per minute.

 

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