Company profile

Ticker
LECO
Exchange
CEO
Christopher Lee Mapes
Employees
Incorporated in
Location
Fiscal year end
Former names
Lincoln Electric Co
SEC CIK
IRS number
340359955

LECO stock data

(
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FINRA relative short interest over last month (20 trading days) ?

Calendar

27 Feb 20
7 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 736.31M 730.78M 777.01M 759.17M
Net income 63.72M 72.46M 85.45M 71.48M
Diluted EPS 1.03 1.17 1.36 1.12
Net profit margin 8.65% 9.92% 11.00% 9.42%
Operating income 82.7M 88.54M 105.19M 94.48M
Net change in cash 42.95M -33.25M -77.27M -91.72M
Cash on hand 199.56M 156.61M 189.86M 267.13M
Cost of revenue 495.37M 492.43M 507.13M 500.75M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 3B 3.03B 2.62B 2.27B
Net income 293.11M 287.07M 247.5M 198.4M
Diluted EPS 4.68 4.37 3.71 2.91
Net profit margin 9.76% 9.48% 9.43% 8.72%
Operating income 370.91M 375.54M 376.94M 283.61M
Net change in cash -159.29M 32.15M -52.48M 75M
Cash on hand 199.56M 358.85M 326.7M 379.18M
Cost of revenue 2B 2B 1.75B 1.49B

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
4 Mar 20 Geoffrey P Allman Common Shares Payment of exercise Dispose F 86.31 274 23.65K 8,453
4 Mar 20 Geoffrey P Allman Common Shares Grant Aquire A 0 891 0 8,727
4 Mar 20 Jennifer I Ansberry Common Shares Payment of exercise Dispose F 86.31 564 48.68K 11,728
4 Mar 20 Jennifer I Ansberry Common Shares Grant Aquire A 0 1,835 0 12,292
4 Mar 20 George D Blankenship Common Shares Grant Aquire A 0 3,443 0 60,535
4 Mar 20 Gabriel Bruno Common Shares Grant Aquire A 0 1,783 0 18,915
4 Mar 20 Thomas A Flohn Common Shares Payment of exercise Dispose F 86.31 441 38.06K 24,723.281
4 Mar 20 Thomas A Flohn Common Shares Grant Aquire A 0 1,275 0 25,164.281
71.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 313 305 +2.6%
Opened positions 41 29 +41.4%
Closed positions 33 55 -40.0%
Increased positions 99 85 +16.5%
Reduced positions 117 133 -12.0%
13F shares
Current Prev Q Change
Total value 12.69B 11.31B +12.2%
Total shares 44.32M 43.42M +2.1%
Total puts 0 10.9K -100.0%
Total calls 20.4K 38K -46.3%
Total put/call ratio 0.3
Largest owners
Shares Value Change
Vanguard 6.13M $592.74M +0.8%
BLK BlackRock 5.86M $566.53M +2.4%
STT State Street 3.54M $343.91M -2.6%
JPM JPMorgan Chase & Co. 3.23M $312.08M +3.5%
Wellington Management 2.68M $258.92M +14.9%
Alecta Pensionsforsakring, Omsesidigt 1.45M $140.88M 0.0%
Keybank National Association 1.34M $129.75M -0.6%
PFG Principal Financial 1.24M $120.3M -0.4%
JHG Janus Henderson 1.21M $117.21M -3.8%
BK Bank Of New York Mellon 1.11M $106.94M +4.3%
Largest transactions
Shares Bought/sold Change
Norges Bank 603.12K +603.12K NEW
Wellington Management 2.68M +347.95K +14.9%
Fisher Asset Management 766.41K -222.01K -22.5%
Amundi Pioneer Asset Management 705.15K +207.09K +41.6%
Point72 Asset Management 13.7K -159.21K -92.1%
ADX Adams Diversified Equity Fund 144.6K +144.6K NEW
BLK BlackRock 5.86M +134.67K +2.4%
RY Royal Bank of Canada 52.82K -112.06K -68.0%
JPM JPMorgan Chase & Co. 3.23M +107.72K +3.5%
STT State Street 3.54M -96.12K -2.6%

Financial report summary

?
Risks
  • General economic, financial and market conditions may adversely affect our financial condition, results of operations and access to capital markets.
  • Economic and supply disruptions associated with events beyond our control, such as war, acts of terror, political unrest, pandemic, labor disputes or natural disasters could adversely affect our supply chain and distribution channels or result in loss of sales and customers.
  • Availability of and volatility in energy costs or raw material prices may adversely affect our performance.
  • We are a co-defendant in litigation alleging asbestos induced illness. Liabilities relating to such litigation could reduce our profitability and impair our financial condition.
  • We may incur material losses and costs as a result of product liability claims that may be brought against us or failure to meet contractual performance commitments.
  • The cyclical nature and maturity of the arc welding and cutting industry in developed markets may adversely affect our performance.
  • We may not be able to complete our acquisition or divestiture strategies, successfully integrate acquired businesses and in certain cases we may be required to retain liabilities for certain matters.
  • If we cannot continue to develop, manufacture and market products that meet customer demands, continue to enforce the intellectual property rights on which our business depends or if third parties assert that we violate their intellectual property rights, our revenues, gross margins and results of operations may suffer.
  • The competitive pressures we face could harm our revenue, gross margins and prospects.
  • We conduct our sales and distribution operations on a worldwide basis and maintain manufacturing facilities in a number of foreign countries, which subjects us to risks associated with doing business outside the United States.
  • Our operations depend on maintaining a skilled workforce, and any interruption in our workforce could negatively impact our results of operations and financial condition.
  • Our defined benefit pension plans are subject to financial market trends, such as changes in discount rates and actual investment return on pension assets, which could adversely affect our results of operations and cash flows.
  • Changes in tax rates or exposure to additional income tax liabilities could affect profitability.
  • We are subject to risks relating to our information technology systems.
  • Our global operations are subject to increasingly complex environmental regulatory requirements.
  • We may incur additional restructuring charges as we continue to contemplate rationalization actions in an effort to optimize our cost structure and may not achieve the anticipated savings and benefits of these actions.
Management Discussion
  • Net sales decreased primarily as a result of lower organic sales and unfavorable foreign exchange, offset by acquisitions. The increase in Net sales from acquisitions was driven by the acquisitions of Coldwater, Pro Systems, Inovatech and Baker within Americas Welding, Worthington within The Harris Products Group and Askaynak within International Welding. Refer to Note 4 to the consolidated financial statements for details.
  • Gross profit for 2019 decreased, as a percent of sales, compared to the prior year due to product mix, lower volumes and acquisitions. The year ended December 31, 2019 includes a last-in, first-out ("LIFO") credit of $4,340, as compared with a LIFO charge of $10,990 in the prior year.
  • The decrease in SG&A expense in 2019 as compared to 2018 was due to lower compensation costs and favorable foreign exchange, offset by higher expense from acquisitions.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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