Lincoln Electric Holdings Inc - LECO STOCK NEWS

Lincoln Electric (Nasdaq: LECO) has been named one of America's Greatest Workplaces for 2024 by Newsweek and Plant-A Insights Group. This accolade highlights Lincoln Electric's dedication to providing an exceptional employee experience across various factors, including training, diversity, sustainability, corporate culture, compensation, and work-life balance. Notably, the company was one of 19 recognized in the Industrial Machinery sector. Additionally, Lincoln Electric has received other prestigious honors such as America's Most Responsible Companies 2024, America's Greatest Workplaces for Diversity 2024, and America's Greenest Companies 2024. This recognition underscores the company's commitment to attracting and developing top talent, as emphasized by CEO Steven B. Hedlund.

Lincoln Electric Holdings (Nasdaq: LECO) has completed a $550 million private placement of senior unsecured notes. These notes will repay a $400 million term loan and support general corporate purposes. The notes are divided into three series: Series A ($75 million, 5.55% interest, maturing August 2029), Series B ($75 million, 5.62% interest, maturing August 2031), and Series C ($400 million, 5.74% interest, maturing June 2034). Lincoln Electric's total debt is now $1.25 billion, with a weighted average interest rate of 4.08% and an average tenor of 9.5 years. The company also secured a new $1 billion revolving credit facility, replacing a $500 million facility. This new credit line aims to enhance liquidity in line with increased EBITDA performance.

Lincoln Electric Holdings, a leader in advanced arc welding and cutting systems, has been named on USA TODAY's America’s Best Climate Leaders 2024 list. This award, developed by USA TODAY and Statista Inc., recognizes 450 companies across 15 industries for significant reductions in core emissions intensity from 2020 to 2022. Lincoln Electric, one of 46 companies in the Capital Goods category, earned this recognition for the second time. The award underscores the company's commitment to sustainability and operational excellence. CEO Steven B. Hedlund highlighted the collective efforts of Lincoln Electric's team in achieving this milestone.

Lincoln Electric Holdings (Nasdaq: LECO) announced that CEO Steven B. Hedlund will present at the Stifel 2024 Cross Sector Insight Conference in Boston on June 5, 2024, at 8:00 a.m. Eastern Time. The presentation will be webcast and accessible on Lincoln Electric's Investor Relations website. Additionally, a replay will be available post-event.

Lincoln Electric is a global leader in advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and brazing and soldering alloys. Their headquarters are in Cleveland, Ohio, and the company operates 71 manufacturing locations in 21 countries, serving customers in over 160 countries.

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announces its participation in the Oppenheimer 19th Annual Industrial Growth Conference and KeyBanc 2024 Industrials & Basic Materials Conference in May 2024. Gabriel Bruno, EVP, and CFO will be presenting at both events.

Lincoln Electric is a global leader in welding solutions, automated systems, cutting equipment, and alloys. With operations in 21 countries and a vast distribution network, the company aims to advance fabrication capabilities worldwide.

Lincoln Electric Holdings, Inc. (LECO) reported first quarter 2024 net income of $123.4 million, with EPS of $2.14. Adjusted net income was $128.7 million, with adjusted EPS of $2.23. Sales decreased by 5.6% to $981 million, reflecting a 6.1% decrease in organic sales. Operating income margin was 16.8%, with adjusted operating income margin of 17.5%. Cash flows from operations increased by 8% to $133 million, with $152 million returned to shareholders through dividends and share repurchases.

Lincoln Electric Holdings, Inc. (LECO) declared a quarterly cash dividend of $0.71 per common share, payable on July 15, 2024. The company is a global leader in welding solutions and cutting systems, with operations in 21 countries and a strong global presence.

Susan C. Edwards appointed as the new Chief Human Resources Officer (CHRO) at Lincoln Electric Holdings, Inc. (LECO), bringing over 30 years of HR experience. She will lead global HR strategy, talent management, training, and compensation.

Lincoln Electric Holdings, Inc. appoints Michele R. Kuhrt as Executive Vice President, Chief Transformation Officer to drive business process standardization and accelerate growth strategy.