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Last $65.03 USD
Change Today +0.61 / 0.95%
Volume 54.2K
LECO On Other Exchanges
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As of 10:56 AM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

lincoln electric holdings (LECO) Key Developments

Lincoln Electric Holdings Inc. Presents at BB&T's 9th Annual Commercial & Industrial Investor Conference, Mar-26-2015

Lincoln Electric Holdings Inc. Presents at BB&T's 9th Annual Commercial & Industrial Investor Conference, Mar-26-2015 . Venue: Biltmore Hotel, Coral Gables, Miami, Florida, United States.

Lincoln Electric Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Spending Guidance for 2015

Lincoln Electric Holdings Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $684 million against $714.8 million a year ago. Operating income was $104.9 million against $118.9 million a year ago. Income before income taxes was $100.7 million against $121.4 million a year ago. Net income was $75.2 million or $0.96 per diluted share against $88.3 million or $1.07 per diluted share a year ago. Adjusted net income was $75.4 million or $0.96 per diluted share against $89.2 million or $1.09 per diluted share a year ago. Return on invested capital was 19.1% against 18.9% a year ago. Net cash provided by operating activities was $133.6 million against $96.8 million a year ago. Capital expenditures were $17.6 million against $16.3 million a year ago. EBIT was $106.8 million against $121.1 million a year ago. Adjusted EBIT was $107 million against $122 million a year ago. The prior year's adjusted diluted earnings per share include $0.22 per share from Venezuelan operations in the fourth quarter of 2013. For the year, the company reported net sales of $2,813.3 million against $2,852.7 million a year ago. Operating income was $373.7 million against $407 million a year ago. Income before income taxes was $375.8 million against $416.4 million a year ago. Net income was $254.7 million or $3.18 per diluted share against $293.8 million or $3.54 per diluted share a year ago. Adjusted net income was $305.9 million or $3.82 per diluted share against $313.2 million or $3.77 per diluted share a year ago. Net cash provided by operating activities was $401.7 million against $338.9 million a year ago. Capital expenditures were $73 million against $76.0 million a year ago. EBIT was $383.2 million against $416 million a year ago. Adjusted EBIT was $434.3 million against $437.4 million a year ago. Excluding Venezuelan results, 2014 adjusted EPS would have increased 10% to $3.65, reflecting solid operational execution and the benefit of share repurchase program. Current 2015 capital spending plan is estimated at $65 million to $75 million, primarily associated with significant reinvestment projects in North American business.

Lincoln Electric Seeks Acquisitions

Chris Mapes, Chairman, President and Chief Executive Officer of Lincoln Electric Holdings Inc. (NasdaqGS:LECO) said in the fourth quarter earnings call, "We are investing in advancing our automation portfolio. This includes not only an active acquisition program but also broadening our automation portfolio to serve a wider base of users."

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

Lincoln Electric Holdings Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per common share, payable April 15, 2015 to shareholders of record as of March 31, 2015.

The Lincoln Electric Company Unveils Orbital MIG Welding System

The Lincoln Electric Company has unveiled an orbital metal inert gas, or MIG, welding system. Combined with the Lincoln Electric Power Wave technology, the system redefines industry-wide parameters for quality, consistency and productivity. The system is driven by the APEX 3000 Mechanized Controller, and it pairs with the HELIX M85 weld head and track ring. Each component in the system has the ability to operate together, while the Power Wave advanced process welder can function independently. The HELIX M85 weld head, as a digital system, calculates and controls travel time, weld speed and other variables, thereby alleviating complicated setup work on the front end. The track ring design allows the operator to install or remove the track in seconds. It also eliminates binding and compensates for work surface heat expansion. The gear-driven track resists wear, ensuring quality and consistency. The system also features an ergonomic, hand-held pendant with icon-based interface and full-color screen.

 

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LECO

Industry Average

Valuation LECO Industry Range
Price/Earnings 20.3x
Price/Sales 1.8x
Price/Book 3.9x
Price/Cash Flow 19.2x
TEV/Sales 1.6x
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