Lincoln Electric Awarded on TIME’s America’s Best Mid-Size Companies 2024 List

Rhea-AI Summary

Lincoln Electric (Nasdaq: LECO) has been named on TIME’s inaugural list of America’s Best Mid-Size Companies 2024, occupying the 66th spot overall, and ranking among the top in the 'IT, Electronics, Hardware and Equipment' category. This recognition underscores the company's efforts in growth acceleration, employee development, and sustainability initiatives. The list comprises 500 U.S. companies, evaluated based on employee satisfaction, revenue growth, and sustainability transparency. Lincoln Electric is a global leader in welding solutions, with 71 manufacturing locations in 21 countries, serving customers in over 160 countries.

Positive

• Lincoln Electric ranked 66th on TIME’s America’s Best Mid-Size Companies 2024 list.
• Recognition highlights Lincoln Electric's growth acceleration and sustainability initiatives.
• Lincoln Electric serves customers in over 160 countries with 71 manufacturing locations in 21 countries.

Negative

• None.

CLEVELAND--(BUSINESS WIRE)-- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) is pleased to announce that it has been awarded on TIME’s inaugural list of America’s Best Mid-Size Companies 2024. Lincoln Electric ranked 66th overall, and was one of 16 companies awarded within the “IT, Electronics, Hardware and Equipment” category. The award is presented by TIME and Statista Inc., the leading statistics portal and industry ranking provider and the awards list can be viewed on the TIME’s website.

“We are honored to be named to TIME’s Best Mid-Size Companies 2024 list, as the recognition reinforces our Higher Standard strategy initiatives to accelerate growth, increase employee development and engagement, and enhance our sustainability programming,” commented Steve B. Hedlund, Lincoln Electric’s President and Chief Executive Officer.

The America’s Best Mid-Size Companies 2024 list represents the leading 500 U.S. companies across 18 different industry categories that generated between $100 million and $10 billion in revenue in 2022 or 2023. Companies were evaluated across three criteria:

1. Employee Satisfaction: Data of standardized work-related KPIs based on survey data from a large sample of employees from U.S. companies.
2. Revenue Growth: Revenue growth data of all relevant companies from the internal Growth Database and Company Database.
3. Sustainability Transparency: ESG data among standardized KPIs relevant to environment, social, and corporate governance from the internal ESG Database and targeted data research.

To learn more about Lincoln Electric’s sustainability initiatives and performance, visit https://sustainabilty.lincolnelectric.com.

Business

Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers’ fabrication capabilities to help them build a better world. Headquartered in Cleveland, Ohio, Lincoln has 71 manufacturing locations in 21 countries and a worldwide network of distributors and sales offices serving customers in over 160 countries. For more information about Lincoln Electric and its products and services, visit the Company’s website at https://www.lincolnelectric.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240711195823/en/

Amanda Butler

Vice President, Investor Relations & Communications

Tel: 216.383.2534

Email: Amanda_Butler@lincolnelectric.com

Source: Lincoln Electric Holdings, Inc.

FAQ

What is Lincoln Electric's ranking on TIME's America’s Best Mid-Size Companies 2024 list?

Lincoln Electric is ranked 66th on TIME's America’s Best Mid-Size Companies 2024 list.

Which category was Lincoln Electric recognized in on the TIME’s Best Mid-Size Companies 2024 list?

Lincoln Electric was recognized in the 'IT, Electronics, Hardware and Equipment' category.

What criteria were used for evaluating companies on TIME’s Best Mid-Size Companies 2024 list?

Companies were evaluated based on employee satisfaction, revenue growth, and sustainability transparency.

How many manufacturing locations does Lincoln Electric operate?

Lincoln Electric operates 71 manufacturing locations in 21 countries.

What is the stock symbol for Lincoln Electric?

The stock symbol for Lincoln Electric is LECO.