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Lincoln Electric

 
Hoover's Profile: Lincoln Electric Holdings, Inc.
(NASDAQ (GS):LECO)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Lincoln Electric Holdings, Inc.
22801 St. Clair Ave.
Cleveland, OH 44117
OH Tel. 216-481-8100
Fax 216-486-1751

Type: Public
On the web: http://www.lincolnelectric.com
Employees: 9,329
Employee growth: 3.7%

With this thing, I thee weld. Lincoln Electric is a global manufacturer of welding and cutting products, including arc welding power sources, consumable electrodes, fluxes, fume extraction equipment, robotic welding systems, and wire feeders. Other welding products include regulators and torches. In North America, which geographically accounts for more than half of its sales, products are sold primarily through a network of industrial distributors. Outside of North America, the company has manufacturing facilities and an international sales organization that serve customers in Asia/Pacific, Europe, and South America.

Key numbers for fiscal year ending December, 2008:
Sales: $2,479.1M
One year growth: 8.7%
Net income: $212.3M
Income growth: 4.7%

Officers:
Chairman, President, and CEO: John M. Stropki Jr.
SVP, CFO, and Treasurer: Vincent K. Petrella
VP Strategy and Business Development: Steven B. Hedlund

Competitors:
Charter International
ESAB
Illinois Tool Works

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Lincoln Electric Company
Type Public (NASDAQLECO)
Founded 1895
Founder(s) John C. Lincoln
Headquarters United StatesCleveland, Ohio
Key people John M. Stropki(CEO)
Industry Industrial Manufacturing
Products Arc welding equipment
Revenue $1,971.9 Million (2007)
Website www.lincolnelectric.com

Lincoln Electric (NASDAQLECO) is a company in Cleveland, Ohio, United States that manufactures arc welding equipment and consumables, plasma and oxy-fuel cutting equipment and robotic welding systems. They are a worldwide leader in production of welding products and have subsidiary companies around the globe. It was founded in 1895 by John C. Lincoln with a capital investment of $200 to make electric motors he had designed. As of 2008, Lincoln Electric Holdings is listed as 820 among the Fortune 1000.

Lincoln Electric's business model has been featured in many case studies by business schools around the world. Since 1975, eight cases have been written about Lincoln Electric by Harvard Business School.[1]

Among Lincoln Electric's subsidiaries is The Harris Products Group, which is a significant manufacturer of Welding Consumables, Gas Apparatus, and other Specialty Products. The Harris Products Group has manufacturing facilities in Georgia, Ohio, California, Poland, Mexico, and Italy.

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