Lincoln Electric Holdings Inc - Company Profile
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Business Description
Lincoln Electric Holdings Inc (Lincoln Electric) designs and manufactures arc welding and cutting products, arc welding equipment and consumable welding products. It operates through three reportable business segments: Americas Welding, International Welding, and The Harris Products Group. The company operates 71 manufacturing facilities and joint ventures in 20 countries across the Americas, Europe, Asia-Pacific, the Middle East, and Africa. In FY2022, the capital expenditure of the company stood at US$71,883 million which as a percentage of revenue stood at 18.74% and grew 15.0% YoY.
R&D Overview
Lincoln Electric invests in research and development (R&D) of arc welding products for its market-leading product offering. The company also continuously invests in innovation for technology to increase the quality of its products and aims at protecting its patent related innovations in the US and international market. The company also invests in technologies that improve the productivity and the quality of welding products. Lincoln Electric spent US$63.2 million on R&D in FY2022, which accounted for 1.9% of its revenue and grew 13.1% YoY.
Business Segments
Overview
Includes welding operations in North and South America. Manufactures arc welding power sources and wire feeding systems, ranging from basic units used for light manufacturing and maintenance to highly sophisticated robotic applications for high-volume production welding and fabrication. Produces three types of arc welding electrodes: coated manual or stick electrodes; solid electrodes produced in coil, reel or drum forms for continuous feeding in mechanized welding; and cored electrodes produced in coil form for continuous feeding in mechanized welding. It reported capital expenditure of US$43.0 million in FY2022, which grew 14.1% YoY.
Performance
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Overview
Includes welding operations in Europe, Africa, Asia and Australia. It reported capital expenditure of US$17.9 million in FY2022, which grew 5.9% YoY.
Performance
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Overview
Includes the company's global cutting, soldering, brazing businesses, and the retail business in the US. It reported capital expenditure of US$10.9 million in FY2022, which grew 39.7% YoY.
Performance
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Geographical Segments
Performance
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Performance
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