Lincoln Electric Holdings, Inc. (LECO)

In February 2026, Lincoln Electric reported its Fourth Quarter and Full Year 2025 results and declared a dividend. In April 2026, the company held its Annual Shareholder Meeting, where ten directors were elected, and earned a 'Prime' ESG Corporate Rating by ISS STOXX. Also in April 2026, Lincoln Electric reported strong First Quarter 2026 results, with sales and adjusted earnings per share increasing, leading to raised full-year net sales growth guidance. In May 2026, Lincoln Electric was recognized as one of Newsweek's America's Most Patriotic Companies 2026 and presented at the Oppenheimer 21st Annual Industrial Growth Conference.

Lincoln Electric's demand exhibits some seasonality, with cash flows noted to be seasonally lower in the first quarter. The summer months are often considered a peak project season for welding, suggesting potentially higher demand for welding equipment and consumables during this period. The diverse end markets served by Lincoln Electric, such as construction and automotive, can also experience their own cyclical patterns, which may indirectly contribute to the seasonality of demand for the company's products.

Lincoln Electric Holdings, Inc. (LECO) is an American multinational corporation specializing in welding, cutting, and brazing products. The company's core business revolves around providing comprehensive fabrication solutions, including arc-welding solutions, cutting systems, brazing and soldering alloys, automation solutions, welding accessories, and educational solutions. Lincoln Electric serves diverse industries globally, including general fabrication, heavy industries, automotive, construction, shipbuilding, energy, and process industries. In 2025, Lincoln Electric reported approximately $4.2 billion in sales.

Lincoln Electric has a significant global presence, operating in 19 to 20 countries with 42 to 71 manufacturing and automation system integration locations. The company serves customers in over 160 countries across North America, Europe, the Middle East, Asia, Latin America, Africa, and Australia through an expansive network of distributors and sales offices.

Lincoln Electric maintains a strong brand reputation as a trusted brand in welding with a leading market share. The company was named to Newsweek's America's Most Patriotic Companies 2026 and earned a 'Prime' ESG Corporate Rating by ISS STOXX. The company's legacy is built on continuous innovation and significant investment in its workforce, exemplified by its operation of the industry's longest-running welding school.

Institutional investors hold a dominant stake in Lincoln Electric, owning approximately 65.92% to 81% of the company's stock, with key shareholders including The Vanguard Group, Inc., BlackRock, Inc., and State Street Global Advisors, Inc. Retail investors hold a minority stake, ranging from about 17% to 33.61%, while insider ownership is relatively small, typically less than 3%.