Lincoln Electric Holdings Inc. Declares Quarterly Cash Dividend, Payable on July 15, 2015
Apr 23 15
Lincoln Electric Holdings Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per common share, payable July 15, 2015 to shareholders of record as of June 30, 2015.
Lincoln Electric Holdings Inc. Provides Capital Expenditure and Tax Rate Guidance for the Year 2015
Apr 21 15
Lincoln Electric Holdings Inc. provided capital expenditure and tax rate guidance for the year 2015. For the year, the company continue to expect 2015 effective tax rate to be in the high 20% range, subject to the mix of earnings by geographical jurisdiction. The company estimate 2015 capital spending plan at a range between $65 million and $75 million. The company expects that the strengthened U.S. dollar will negatively impact 2015 reported revenue and earnings as the year unfolds. Although the impact of lower energy market activity has only modestly impacted results thus far this year, the company believe this trend will play itself out as the year progresses.
Lincoln Electric Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 21 15
Lincoln Electric Holdings Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $657,900,000 against $685,062,000 a year ago. Primarily due to unfavorable foreign currency translation and lower volumes in the Asia Pacific segment. Operating income was $90,499,000 against $80,438,000 a year ago. Income before income taxes was $92,707,000 against $82,426,000 a year ago. Net income was $68,354,000 against $56,453,000 a year ago. Diluted earnings per share were $0.89 against $0.69 a year ago. Adjusted operating income was $90,499,000 against $98,086,000 a year ago. Adjusted net income was $68,354,000 against $74,111,000 a year ago. Diluted earnings per share were $0.89 against $0.69 a year ago. Adjusted diluted earnings per share were $0.89 against $0.91 a year ago. Net cash provided by operating activities was $52,784,000 against $13,631,000 a year ago. Capital expenditures were $12,456,000 against $14,506,000 a year ago. EBIT was $93,958,000.
Lincoln Electric to Raise $350 Million Through Senior Notes Offering
Apr 1 15
Lincoln Electric Holdings intends to raise $350 million through the sale through a private placement of senior unsecured notes in four tranches. The offering consists of $100 million of 3.15% series A notes due 2025, $100 million of 3.35% series B notes due 2030, $50 million of 3.61% series C notes due 2035, and $100 million of 4.02% series D notes due 2045. Lincoln expects to close the offering of series C and series D notes on April 1, and the offering of series A and series B notes on August 20. The company intends to use the net proceeds for general corporate purposes.
Lincoln Electric Holdings Inc. to Report Q1, 2015 Results on Apr 21, 2015
Mar 27 15
Lincoln Electric Holdings Inc. announced that they will report Q1, 2015 results at 9:00 AM, US Eastern Standard Time on Apr 21, 2015