Highest-materiality recent filing
Lincoln Electric Q1 net sales +11.7% to $1.12B; adj. EPS $2.50 vs $2.16 YoY
Net sales $1,121M, up 11.7% (organic +7.8%); operating income margin 16.6%.
All ten director nominees elected with >38.7M votes for each; broker non-votes of 6.5M on each.
Lincoln Electric Q4 sales up 5.5% to $1.08B, adj EPS $2.65 vs $2.57 a year ago
Net sales $1,078.7M (+5.5% YoY); organic +2.5%; full-year sales $4,233M (+5.6%).
Lincoln Electric Q3 2025 EPS $2.21; sales up 7.9%; dividend increased 5.3%
Q3 net sales $1,061M (+7.9% YoY); organic sales +5.6%, acquisitions +1.7%.
Lincoln Electric adopts new Executive Severance Plan effective Nov 1, 2025
Replaces existing CIC severance agreements; CEO Steven Hedlund gets 2x base salary pre-CIC, 3x post-CIC.
Lincoln Electric Q2 EPS $2.56 vs $1.77; sales up 6.6%; acquires Alloy Steel for $90M
Q2 2025 EPS $2.56 ($2.60 adjusted) vs $1.77 ($2.34 adjusted) prior year; sales $1,089M (+6.6%).
Lincoln Electric Q1 EPS $2.10 ($2.16 adj.), sales $1,004M; cash flow record $186M
Net income $118.5M ($2.10 EPS) vs $123.4M ($2.14 EPS) a year ago; adjusted EPS $2.16 vs $2.23.
Lincoln Electric shareholders re-elect all 11 directors, ratify EY, approve say-on-pay
All 11 director nominees elected with votes for ranging from 40.7M to 42.9M; no withhold majority.
Lincoln Electric elects N. Joy Falotico to board; EVP Kuhrt to retire in August
Kellye I. Walker resigns from board, will not stand for re-election at 2025 annual meeting; no disagreement with management.
Lincoln Electric Q4 2024 sales down 3.4% to $1.02B; adjusted EPS $2.57 up from $2.45
Net sales of $1,022M, down 3.4% YoY; organic sales fell 7.5%, acquisitions added 5.2%.
Lincoln Electric Q3 sales down 4.8% to $984M; adj EPS $2.14 vs $2.40; dividend raised 5.6%
Net sales $983.8M, down 4.8% YoY; organic sales fell 7.7%, acquisition benefit 3.0%.
Lincoln Electric Executive Chair Mapes to retire Dec 31; CEO Hedlund becomes Chair
Christopher L. Mapes to retire as Executive Chair and board member on December 31, 2024.
Lincoln Electric Q2 2024: sales down 3.7% to $1.02B; adjusted EPS $2.34 vs $2.44
Net sales $1,022M (-3.7% YoY); organic sales down 4.4%, acquisitions added 1.2%.
Lincoln Electric acquires Vanair Manufacturing for ~$100M revenue mobile power solutions
Vanair manufactures vehicle-mounted compressors, generators, welders, hydraulics, chargers, and electrified power equipment for U.S. service truck market.
Lincoln Electric issues $550M in senior notes, enters $1B revolver; refinances term loan
Issued $75M Series A at 5.55% due 2029, $75M Series B at 5.62% due 2031, $400M Series C at 5.74% due 2034.
Lincoln Electric updates FY2024 financial assumptions; presentation filed without specific figures
Company updated investor presentation on May 23, 2024 to reflect revised full-year 2024 assumptions.
Lincoln Electric posts record Q1 EPS of $2.14; sales down 5.6% to $981M
Record Q1 diluted EPS of $2.14 (adjusted $2.23) vs $2.09 (adjusted $2.13) a year ago.
All 12 director nominees elected with substantial support; each received >43M votes for.
Lincoln Electric appoints Michele Kuhrt as EVP, Chief Transformation Officer
Michele R. Kuhrt appointed EVP, Chief Transformation Officer effective April 8, 2024.
Lincoln Electric acquires RedViking, a $70M-revenue automation integrator.
Acquired RedViking, a privately held automation system integrator based in Plymouth, Michigan.
Lincoln Electric posts record Q4 sales of $1.1B; EPS $2.70 vs $1.87 YoY
Q4 net sales up 13.7% to $1.1B record; organic growth 2.6%, acquisitions added 9.8%.
Lincoln Electric reports record Q3 sales $1.03B, EPS $2.22; raises dividend 11%
Net sales record $1,033M (+10.5% YoY); organic +0.4%, acquisitions +8.8%, FX +1.2%.
Lincoln Electric elects Marc A. Howze, Deere & Co senior advisor, to board
Marc A. Howze elected to Lincoln Electric's Board of Directors effective October 17, 2023.
Lincoln Electric board sets annual shareholder say-on-pay vote following 2023 meeting result
Board adopted annual advisory vote on named executive officer compensation based on shareholder recommendation.
Lincoln Electric Q2 2023: record sales $1,061M, EPS $2.36, CEO transition announced
Net sales $1,061M (+9.4% YoY), organic +4.5%, record quarterly sales.
Christopher Mapes will retire as President/CEO on Dec 31, 2023, and become Executive Chairman on Jan 1, 2024.
Lincoln Electric elects Bonnie Fetch to board, expands to 11 directors
Bonnie J. Fetch, VP Global Supply Chain & Manufacturing at Cummins, elected to Lincoln Electric board effective July 20, 2023.
Lincoln Electric acquires Powermig, Brazil automation firm with ~$15M revenue
Acquired Powermig Automação e Soldagem Ltda., a Brazilian automation engineering firm.
Lincoln Electric posts record Q1 sales of $1,039M; adjusted EPS up to $2.13
Net sales +12.3% to record $1,039M; organic sales +8.5%; acquisitions contributed 5.7%.
Lincoln Electric shareholders approve new equity plans, elect directors at annual meeting
Shareholders approved 2023 Equity and Incentive Compensation Plan authorizing 2,025,000 shares for employee awards; 96.7% votes for.
Lincoln Electric reports record Q4 sales $930.9M, EPS $1.87 (+50% YoY); FY2022 record margins
Q4 net sales $930.9M (+10% YoY); organic sales +14.3%; EPS $1.87 (+50% YoY); adjusted EPS $1.94 (+21%).
Lincoln Electric amends bylaws to adopt universal proxy rules and modernize procedures
Board approved amendments effective Feb 15, 2023, to comply with SEC Rule 14a-19 universal proxy.
Completed acquisition of Fori Automation for $427M, funded via $400M term loan and cash on hand.
Record Q3 net sales $935.2M (+16% YoY); organic sales up 21.3%.
Lincoln Electric to acquire Fori Automation for $427M cash to accelerate automation strategy
Cash purchase price of $427M, expected to close Q4 2022 subject to regulatory approval.
Lincoln Electric reports record Q2 sales of $969.6M; EPS up 36% to $2.18
Net sales $969.6M (+17.3% YoY); organic +20.5%; operating margin 17.3% record.
Lincoln Electric promotes Steven B. Hedlund to COO effective May 9, 2022
Hedlund was EVP, President of Americas and International Welding; now COO overseeing The Harris Products Group.
Lincoln Electric Q1 sales up 22.2% to record $925.4M; EPS $2.13
Record net sales of $925.4M, up 22.2% YoY; organic sales +22.1%.
Lincoln Electric reports 2022 annual meeting voting results; all proposals approved
All ten director nominees elected with at least 43.5M votes each; broker non-votes 4.5M.
Lincoln Electric acquires Kestra, Brazil specialty welding consumables maker, ~$15M revenue
Acquired Kestra Universal Soldas, a Brazilian manufacturer of specialty welding consumables and wear-resistant products.
Lincoln Electric updates investor presentation with 2025 Higher Standard Strategy financial goals
Company scheduled to present at Barclays Industrial Select Conference on Feb 24, 2022.
Director Hanks to retire; Owens Corning CEO Brian Chambers elected to Lincoln Electric board
Stephen G. Hanks to retire after over 15 years; will not stand for re-election at 2022 annual meeting.
Lincoln Electric Q4 2021: record sales $844M, adj EPS $1.61 +29.8% YoY
Net sales $844.3M (+21.7% YoY); organic sales +19.0%; full-year record $3.2B.
Lincoln Electric posts record Q3 sales of $806.5M; adjusted EPS up 41.8% to $1.56
Net sales increased 20.6% to a record $806.5M; organic sales grew 18.3%.
Lincoln Electric amends bylaws; adds exclusive forum provisions, director count range 5-15
Amended advance notice provisions for shareholder proposals and director nominations at annual/special meetings.
Lincoln Electric acquires FTP and Shoals Tubular for HVAC growth; ~$50M combined sales
Acquired Overstreet-Hughes (FTP) and Shoals Tubular, makers of copper/aluminum HVAC headers and manifolds.
Lincoln Electric Q2 net sales $826.5M (+39.9%); EPS $1.60 record
Diluted EPS $1.60 vs $0.45 YoY; adjusted EPS $1.67 vs $0.80.
Additionally, on February 19, 2025, Michele R. Kuhrt, Executive Vice President, Chief Transformation Officer of the Company, informed the Company of her intention to retire, effective August 31, 2025.
On February 19, 2025, Kellye I. Walker notified the Board of Directors (the “Board”) of Lincoln Electric Holdings, Inc. (the “Company”) of her intention to resign from the Board and not to stand for re-election upon the expiration of her current term, which expires at the Company’s 2025 annual meeting of shareholders.
On February 19, 2025, the Board of the Company increased its size from eleven to twelve members and elected N. Joy Falotico to fill the resulting vacancy.
Christopher L. Mapes, Executive Chair of the Board of Directors of the Company (the “Board”), will retire from his position as Executive Chair and a member of the Board on December 31, 2024.
The Board has elected Steven B. Hedlund, currently President and Chief Executive Officer and a Director, as Chair of the Board, effective as of January 1, 2025.
On April 1, 2024, the Board of Directors of Lincoln Electric Holdings, Inc. (the “Company”) elected and appointed Michele R. Kuhrt to serve as Executive Vice President, Chief Transformation Officer of the Company effective as of April 8, 2024.
On October 17, 2023, the Board of Directors (the “Board”) of Lincoln Electric Holdings, Inc. (the “Company”) increased its size from eleven to twelve members and elected Marc A. Howze to fill the resulting vacancy.
notified the Company of his intention to retire from his position as President and Chief Executive Officer effective as of the close of business on December 31, 2023. After December 31, 2023, Mr. Mapes will be designated Executive Chairman of the Board.
the Board elected Steven B. Hedlund, age 56, as President and Chief Executive Officer of the Company, effective as of January 1, 2024.
On July 20, 2023, the Board of Directors (the “Board”) of Lincoln Electric Holdings, Inc. (the “Company”) increased its size from ten to eleven members and elected Bonnie J. Fetch to fill the resulting vacancy.
On May 9, 2022, the Board of Directors of Lincoln Electric Holdings, Inc. (the “Company”) elected and appointed Steven B. Hedlund to serve as Executive Vice President, Chief Operating Officer of the Company effective as of such date.
On February 16, 2022, Stephen G. Hanks notified the Board of Directors (the “Board”) of Lincoln Electric Holdings, Inc. (the “Company”) of his intention to retire from the Board and not to stand for re-election upon the expiration of his current term, which expires at the Company’s 2022 annual meeting of shareholders.
Max materiality 0.85 · Median 0.65 · Most common event earnings