LINCOLN ELECTRIC HOLDINGS INC — fact timeline

LINCOLN ELECTRIC HOLDINGS INC reported the quarter ended March 31, 2026 results: revenue $1,121.4 million, net income $136.4 million, EPS $2.47.

“Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported first quarter 2026 net income of $136.4 million, or diluted earnings per share (EPS) of $2.47, which includes special item after-tax net charges of $2.1 million, or $0.03 EPS. This compares with prior year period net income of $118.5 million, or $2.10 EPS, which included special item after-tax net charges of $3.4 million, or $0.06 EPS. Excluding special items, first quarter 2026 adjusted net income was $138.5 million, or $2.50 adjusted EPS. This compares with adjusted net income of $121.9 million, or $2.16 adjusted EPS, in the prior year period. ​ First quarter 2026 sales increased 11.7% to $1,121.4 million reflecting a 7.8% increase in organic sales, a 1.6% benefit from acquisitions and a 2.3% favorable foreign exchange.”

Michele R. Kuhrt departed as Executive Vice President, Chief Transformation Officer at LINCOLN ELECTRIC HOLDINGS INC.

“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.”

N. Joy Falotico was elected as Director at LINCOLN ELECTRIC HOLDINGS INC.

“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.”

Kellye I. Walker resigned as Director at LINCOLN ELECTRIC HOLDINGS INC.

“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.”

Steven B. Hedlund was elected as Chair of the Board at LINCOLN ELECTRIC HOLDINGS INC.

“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.”

Christopher L. Mapes departed as Executive Chair at LINCOLN ELECTRIC HOLDINGS INC.

“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.”

LINCOLN ELECTRIC HOLDINGS INC shareholders approved Advisory approval of compensation of named executive officers at the 2024-04-19 meeting.

“Shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as set forth below.”

LINCOLN ELECTRIC HOLDINGS INC shareholders approved Ratification of appointment of Ernst & Young LLP as independent registered public accounting firm at the 2024-04-19 meeting.

“Shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024, as set forth below.”

LINCOLN ELECTRIC HOLDINGS INC shareholders approved Election of twelve directors at the 2024-04-19 meeting.

“Shareholders elected twelve directors, each to hold office until the 2025 Annual Meeting of Shareholders or until their successors are duly elected and qualified, as set forth below.”

Michele R. Kuhrt was appointed as Executive Vice President, Chief Transformation Officer at LINCOLN ELECTRIC HOLDINGS INC.

“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.”

LINCOLN ELECTRIC HOLDINGS INC reported quarter ended December 31, 2023 results: revenue $1.1 billion, net income $156.6 million, EPS $2.70.

“​ LINCOLN ELECTRIC REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS ​ ​ ​ Fourth Quarter 2023 Highlights ​ ◾ Net sales increase 13.7% to record $1.1 billion ​ ◾ Record operating income margin of 19.3% and adjusted operating income margin of 17.2% ​ ◾ Record EPS of $2.70 and adjusted EPS of $2.45 ​ Full Year 2023 Highlights ​ ◾ Net”

LINCOLN ELECTRIC HOLDINGS INC reported the quarter ended September 30, 2023 results: revenue $1,033.2 million, net income $129.3 million, EPS $2.22.

“(216) 383-2534 Amanda_Butler@lincolnelectric.com ​ LINCOLN ELECTRIC REPORTS THIRD QUARTER 2023 RESULTS ​ ​ ​ Third Quarter 2023 Highlights ​ ◾ Net sales increase 10.5% to record $1,033 million ​ ◾ Operating income margin of 16.6%; Record adjusted operating income margin of 17.7% ​ ◾ Record EPS of $2.22; Record adjusted EPS of $2.40 ​ ◾ Cash flows from operations”

Marc A. Howze was elected as Director at LINCOLN ELECTRIC HOLDINGS INC.

“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.”

Steven B. Hedlund was appointed as President and Chief Executive Officer at LINCOLN ELECTRIC HOLDINGS INC.

“the Board elected Steven B. Hedlund, age 56, as President and Chief Executive Officer of the Company, effective as of January 1, 2024.”

Christopher L. Mapes retired as Executive Chairman at LINCOLN ELECTRIC HOLDINGS INC.

“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.”

Bonnie J. Fetch was elected as Director at LINCOLN ELECTRIC HOLDINGS INC.

“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.”

LINCOLN ELECTRIC HOLDINGS INC reported first quarter 2023 results: revenue $1,039.3 million, net income $121.9 million, EPS $2.09.

“CLEVELAND, Thursday, April 27, 2023 - Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported first quarter 2023 net income of $121.9 million, or diluted earnings per share (EPS) of $2.09, which includes special item after-tax net charges of $2.3 million, or $0.04 EPS. This compares with prior year period net income of $126.0 million, or $2.13 EPS, which included special item after-tax net gains of $1.3 million, or $0.03 EPS. Excluding these items, first quarter 2023 adjusted net income was $124.2 million, or $2.13 adjusted EPS. This compares with adjusted net income of $124.7 million, or $2.10 adjusted EPS, in the prior year period. ​ First quarter 2023 sales increased 12.3% to $1,039.3 million reflecting an 8.5% increase in organic sales and a 5.7% benefit from acquisitions, partially offset by 1.9% unfavorable foreign exchange.”

LINCOLN ELECTRIC HOLDINGS INC shareholders approved Approval of 2023 Stock Plan for Non-Employee Directors at the 2023-04-19 meeting.

“Proposal 6 - Shareholders approved Lincoln Electric Holdings, Inc.’s 2023 Stock Plan for Non-Employee Directors, as set forth below: Votes For Votes Against Abstentions Broker Non-Votes 43,248,666 1,774,511 187,089 6,167,152”

LINCOLN ELECTRIC HOLDINGS INC shareholders approved Approval of 2023 Equity and Incentive Compensation Plan at the 2023-04-19 meeting.

“Proposal 5 - Shareholders approved Lincoln Electric Holdings, Inc.’s 2023 Equity and Incentive Compensation Plan, as set forth below: Votes For Votes Against Abstentions Broker Non-Votes 43,628,922 1,418,298 163,046 6,167,152”

LINCOLN ELECTRIC HOLDINGS INC shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-04-19 meeting.

“Proposal 4 - Shareholders approved, on an advisory basis, an annual frequency for future advisory votes to approve the Company’s named executive officer compensation, as set forth below: Every Year Every Two Years Every Three Years Abstentions Broker Non-Votes 43,832,824 100,645 1,089,894 186,903 0”

LINCOLN ELECTRIC HOLDINGS INC shareholders approved Advisory vote to approve compensation of named executive officers at the 2023-04-19 meeting.

“Proposal 3 - Shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as set forth below. Votes For Votes Against Abstentions Broker Non-Votes 43,475,051 1,576,156 159,059 6,167,152”

LINCOLN ELECTRIC HOLDINGS INC shareholders approved Ratification of Ernst & Young LLP as independent auditors for 2023 at the 2023-04-19 meeting.

“Proposal 2 - Shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent auditors for the year ending December 31, 2023, as set forth below. Votes For Votes Against Abstentions Broker Non-Votes 50,370,109 950,258 57,051 0”

LINCOLN ELECTRIC HOLDINGS INC shareholders approved Election of ten directors to hold office until the 2024 Annual Meeting at the 2023-04-19 meeting.

“Proposal 1 – Shareholders elected ten directors, each to hold office until the 2024 Annual Meeting of Shareholders or until their successors are duly elected and qualified, as set forth below. Name Votes For Votes Withheld Broker Non-Votes Brian D. Chambers 44,954,812 255,454 6,167,152 Curtis E. Espeland 44,657,125 553,141 6,167,152 Patrick P. Goris 44,420,067 790,199 6,167,152 Michael F. Hilton 44,417,343 792,923 6,167,152 Kathryn Jo Lincoln 44,168,281 1,041,985 6,167,152 Christopher L. Mapes 43,446,674 1,763,592 6,167,152 Phillip J. Mason 44,763,596 446,670 6,167,152 Ben P. Patel 44,590,400 619,866 6,167,152 Hellene S. Runtagh 43,528,213 1,682,053 6,167,152 Kellye L. Walker 44,515,511 694,755 6,167,152”

LINCOLN ELECTRIC HOLDINGS INC reported financial results for quarter ended December 31, 2022.

“On February 21, 2023, Lincoln Electric Holdings, Inc. (the “Company”) issued a press release reporting its financial results for the quarter ended December 31, 2022.”

LINCOLN ELECTRIC HOLDINGS INC: Lincoln Electric Holdings Inc. amended its Code of Regulations (bylaws) to modernize provisions and comply with new SEC universal proxy rules, including updates to shareholder nomination and proposal procedures, disclosure requirements, and proxy card color rules (effective 2023-02-15).

“On February 15, 2023, the Board of Directors (the “Board”) of Lincoln Electric Holdings, Inc. (the “Company”) approved amendments to the Company’s Amended and Restated Code of Regulations (the “Regulations”), which became effective immediately upon adoption. The Board adopted the following amendments in an effort to modernize the Regulations and to comply with the new universal proxy rules adopted by the Securities and Exchange Commission (the “SEC”). Specifically, in addition to other ministerial changes, the amendments to the Regulations: • update the procedural mechanics and disclosure requirements for shareholder nominations of directors and submissions of proposals, including to address rules related to the use of “universal” proxy cards adopted by the SEC under new Rule 14a-19; • update certain procedural mechanics and disclosure requirements for information to be provided in connection with shareholder director nominations or submissions of non-Rule 14a-8 proposals; and • requir”

LINCOLN ELECTRIC HOLDINGS INC incurred term loan of $400 million with PNC Bank, National Association, as administrative agent at Term SOFR plus 0.75% to 1.75% maturing November 29, 2025.

“The Credit Agreement provides for a term loan in a principal amount in the aggregate of $400 million (the “Term Loan”), which was borrowed in full. The Term Loan matures on November 29, 2025. The Term Loan shall bear interest at a rate based on Term SOFR, plus a margin ranging from 0.75% to 1.75% based on the Company’s consolidated net leverage ratio.”

LINCOLN ELECTRIC HOLDINGS INC entered into Credit Agreement with PNC Bank, National Association, as administrative agent valued at $400 million (effective 2022-11-29).

“On November 29, 2022, Lincoln Electric Holdings, Inc. (the “Company”) and certain of its domestic subsidiaries (collectively, with the Company, the “Borrower”), entered into the Credit Agreement, dated as of November 29, 2022, with the lenders party thereto and PNC Bank, National Association, as administrative agent (the “Credit Agreement”).”

LINCOLN ELECTRIC HOLDINGS INC reported the quarter ended September 30, 2022 results: revenue $935.2 million, net income $109.2 million, EPS $1.87.

“(216) 383-2534 Amanda_Butler@lincolnelectric.com ​ LINCOLN ELECTRIC REPORTS THIRD QUARTER 2022 RESULTS ​ ​ ​ Third Quarter 2022 Highlights ​ ◾ Net sales increase 16% to record $935.2 million on 21% higher organic sales ​ ◾ Operating income margin of 15.2% and Adjusted operating income margin of 16.4% ​ ◾ EPS increases 253% to record $1.87; Adjusted EPS increases 31%”

Steven B. Hedlund was appointed as Executive Vice President, Chief Operating Officer at LINCOLN ELECTRIC HOLDINGS INC.

“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.”

Brian D. Chambers was elected as Director at LINCOLN ELECTRIC HOLDINGS INC.

“On February 16, 2022, the Board of the Company increased its size from twelve to thirteen members and elected Brian D. Chambers to fill the resulting vacancy.”

Stephen G. Hanks retired as Director at LINCOLN ELECTRIC HOLDINGS INC.

“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.”