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Last $59.78 USD
Change Today +0.54 / 0.91%
Volume 353.0K
LECO On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

lincoln electric holdings (LECO) Key Developments

Lincoln Electric Holdings Inc. Announces Consolidated Earnings Results for the Second Quarter and First Half of 2015; Provides Earnings Guidance for the Second Half and Revises Capital Expenditure Guidance for the Full Year 2015

Lincoln Electric Holdings Inc. announced consolidated earnings results for the second quarter and first half of 2015. For the quarter, the company’s net income of $70.9 million, or $0.94 diluted earnings per share. This compares with net income of $77.3 million or EPS of $0.96 in the comparable 2014 period. Adjusted net income was $71.8 million, or adjusted EPS of $0.95, compared to $81.5 million, or Adjusted EPS of $1.01, in the comparable 2014 period. Sales decreased 8.8% to $664.7 million in the second quarter 2015 versus $728.5 million in the comparable 2014 period primarily due to lower volumes and unfavorable foreign currency translation. Operating income for the quarter decreased 13.8% to $97 million. Cash flow from operations decreased to $77 million in the quarter. The company spent approximately 1/3 less on capital expenditures versus prior year at $17 million in the quarter. For the first half, cash flows from operations increased 9.7%, reflecting benefits from working capital improvements and a $25 million tax refund received in the first quarter. First half cash flows include $47 million in contributions to pension plans, approximately double last year's contributions. The company expects second half 2015 effective tax rate to be in the high 20% range, subject to the mix of earnings by jurisdiction. The company now estimate full year 2015 capital spending plan to be in the range of $65 million to $70 million. This compares to previous estimate of $65 million to $75 million.

Lincoln Electric Holdings Seeks Acquisitions

Lincoln Electric Holdings Inc. (NasdaqGS:LECO) is looking for acquisitions. Lincoln Electric announced that it will continue to reinvest in business and pursue acquisitions as part of 2020 vision and strategy.

Lincoln Electric Holdings Inc. Declares Dividend Quarterly Cash Dividend Payable October 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 October 15, 2015 to shareholders of record as of September 30, 2015.

Lincoln Electric Holdings Inc. to Report Q2, 2015 Results on Jul 27, 2015

Lincoln Electric Holdings Inc. announced that they will report Q2, 2015 results at 10:00 AM, US Eastern Standard Time on Jul 27, 2015

Lincoln Electric Holdings Inc., Q2 2015 Earnings Call, Jul 27, 2015

Lincoln Electric Holdings Inc., Q2 2015 Earnings Call, Jul 27, 2015

 

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Industry Analysis

LECO

Industry Average

Valuation LECO Industry Range
Price/Earnings 17.7x
Price/Sales 1.6x
Price/Book 3.7x
Price/Cash Flow 17.0x
TEV/Sales 1.4x
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