Lincoln Electric Holdings, Inc. - Common Shares (LECO)
190.53
-2.85 (-1.48%)
Lincoln Electric Holdings is a leading global manufacturer of industrial welding and cutting equipment, known for its innovative products and solutions in the welding industry
The company offers a diverse range of equipment, including arc welding and cutting systems, as well as consumables such as welding wires and electrodes. Additionally, Lincoln Electric provides various services, including training and technical support, aimed at enhancing productivity and safety in welding operations. With a commitment to quality and technological advancement, the company serves a wide array of sectors, including automotive, construction, and fabrication, helping to drive efficiency and performance for its customers worldwide.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how professional tools and equipment stocks fared in Q3, starting with Stanley Black & Decker (NYSESWK).
Lincoln Electric has been treading water for the past six months, holding steady at $187.01. The stock also fell short of the S&P 500’s 9.9% gain during that period.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Lincoln Electric (NASDAQLECO) and the best and worst performers in the professional tools and equipment industry.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how professional tools and equipment stocks fared in Q3, starting with ESAB (NYSEESAB).
Welding equipment manufacturer Lincoln Electric (NASDAQLECO) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 4.8% year on year to $983.8 million. Its non-GAAP profit of $2.14 per share was 4.2% above analysts’ consensus estimates.
LECO stock results show that Lincoln Electric Holdings beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.
