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Last €51.12 EUR
Change Today +1.11 / 2.23%
Volume 0.0
LNE On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 3:01 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

lincoln electric holdings (LNE) Snapshot

Open
€51.12
Previous Close
€50.00
Day High
€51.12
Day Low
€51.12
52 Week High
05/27/15 - €64.13
52 Week Low
08/25/15 - €46.79
Market Cap
3.8B
Average Volume 10 Days
10.7
EPS TTM
--
Shares Outstanding
74.8M
EX-Date
09/28/15
P/E TM
--
Dividend
€1.16
Dividend Yield
1.85%
Current Stock Chart for LINCOLN ELECTRIC HOLDINGS (LNE)

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lincoln electric holdings (LNE) Details

Lincoln Electric Holdings, Inc., through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products in the United States, China, and Internationally. The company’s welding products comprise arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes, and fluxes. It also offers computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing; and consumables used in the brazing and soldering alloys market. The company serves general metal fabrication, power generation and process industry, structural steel construction, heavy equipment fabrication, shipbuilding, automotive, pipe mills and pipelines, and offshore oil and gas exploration and extraction markets. It sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. The company was founded in 1895 and is headquartered in Cleveland, Ohio.

10,000 Employees
Last Reported Date: 02/20/15
Founded in 1895

lincoln electric holdings (LNE) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $880.0K
Chief Financial Officer, Principal Accountng ...
Total Annual Compensation: $460.0K
Executive Vice President and President of Lin...
Total Annual Compensation: $435.0K
Senior Vice President and President of Global...
Total Annual Compensation: $340.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

lincoln electric holdings (LNE) Key Developments

Lincoln Electric Introduces UltraCore HD Marine in Small Spool Packaging

Lincoln Electric continues to expand its consumable portfolio with the latest innovative solution, UltraCore HD Marine. This gas-shielded, flux-cored wire electrode, preferred for shipbuilding, is rooted in Lincoln Electric's HD design platform to enable a flat bead shape when welding at high deposition rates in all positions. This new electrode offers improved operator appeal over existing HD products through lower spatter and lower fumes generation rates. Specifically designed to supply the shipbuilding industry with a consistent and quality-tested welding consumable, UltraCore HD Marine meets most shipbuilding standards, including: ABS, DNV, LR, and BV. The 15-lb spool package offers ease of handling and mobility, in order to increase the operating factor of sub-assemblies within shipyards. UltraCore HD Marine Performance Characteristics: High deposition rates up to 12 lbs/hr out-of-position. Excellent operator appeal with minimal spatter and low fume generation rates. Improved arc stability with 100% CO2 shielding gas. Ability to weld in all positions with one setting.

Lincoln Electric Holdings Inc. Appoints Michael F. Hilton to its Board of Directors

Lincoln Electric Holdings Inc. announced that Michael F. Hilton, 61, President and Chief Executive Officer of Nordson Corporation, has been elected to Lincoln Electric's Board of Directors, effective July 27, 2015. Mr. Hilton's appointment expands Lincoln Electric's Board to 11 directors, 10 of whom are non-employee directors. Mr. Hilton is President and Chief Executive Officer of Nordson Corporation. Mr. Hilton is a member of the board of directors of Nordson Corporation and Ryder System Inc., and serves on the board of trustees and the executive council of the Manufacturers Alliance for Productivity and Innovation (MAPI).

Lincoln Electric Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2015; Provides Earnings Guidance for the Second Half and Revises Capital Expenditure Guidance for the Full Year 2015

Lincoln Electric Holdings Inc. announced unaudited consolidated earnings results for the second quarter and first half ended June 30, 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. Income before income taxes was $94,434,000 against $114,866,000 a year ago. Adjusted operating income was $98,026,000 against $116,579,000 a year ago. Net cash provided by operating activities was $77,286,000 against $104,974,000 a year ago. Capital expenditures were $16,761,000 against $25,441,000 a year ago. EBIT was $98,083,000 against $114,928,000 a year ago. EBIT, as adjusted was $99,322,000 against $119,232,000 a year ago. For the six month, the company reported income before income taxes of $187,141,000 against $197,292,000 a year ago. Adjusted operating income was $188,525,000 against $214,665,000 a year ago. Net cash provided by operating activities was $130,070,000 against $118,605,000 a year ago. Capital expenditures were $29,217,000 against $39,947,000 a year ago. EBIT was $192,041,000 against $198,010,000 a year ago. EBIT, as adjusted was $193,280,000 against $219,962,000 a year ago. Net sales were $1,322,640,000 against $1,413,593,000 a year ago. Operating income was $187,286,000 against $192,713,000 a year ago. Net income was $139,252,000 against $133,785,000 a year ago. Diluted earnings per share were $1.82 against $1.65 a year ago. Adjusted net income was $140,152,000 against $155,609,000 a year ago. Adjusted diluted earnings per share were $1.83 against $1.92 a year ago. 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.

 

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LNE

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Valuation LNE Industry Range
Price/Earnings 17.3x
Price/Sales 1.6x
Price/Book 3.6x
Price/Cash Flow 16.7x
TEV/Sales 1.4x
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