Edition:
United States

Lincoln Electric Holdings Inc (LECO.OQ)

LECO.OQ on NASDAQ Stock Exchange Global Select Market

85.43USD
17 Feb 2017
Change (% chg)

$-0.15 (-0.18%)
Prev Close
$85.58
Open
$84.97
Day's High
$85.44
Day's Low
$84.66
Volume
129,808
Avg. Vol
179,331
52-wk High
$86.09
52-wk Low
$53.21

Latest Key Developments (Source: Significant Developments)

Lincoln Electric says Q2 adjusted earnings $0.83/ share
Monday, 25 Jul 2016 07:30am EDT 

Lincoln Electric Holdings Inc : Reports second quarter 2016 results . Says Q2 adjusted earnings $0.83 per share . Q2 earnings $0.45 per share . Q2 shr view $0.83 -- THOMSON REUTERS I/B/E/S . Q2 sales $592.4 million vs I/B/E/S view $589.1 million . Says during July 2016, company committed to pricing on private placement debt in aggregate principal amount of $350.0 million . Says debt will have maturities ranging from 12 to 25 years and a weighted average effective interest rate of 3.1 percent .Qtrly sales declined 10.9 percent primarily due to lower volumes.  Full Article

Lincoln Electric announces new share repurchase program and declares quarterly dividend
Wednesday, 20 Apr 2016 04:15pm EDT 

Lincoln Electric:Approved a new share repurchase program authorizing the Company to repurchase, in the aggregate, up to 10 million of its outstanding common stock.New program, in addition to the 2.8 million shares remaining from the prior program, represents approximately 18% of the diluted weighted average shares outstanding as of March 31, 2016.Under the authorization program, Lincoln Electric may repurchase shares on the open market or through privately negotiated transactions from time to time, depending on market conditions and subject to other factors.Additionally, the board declared a quarterly cash dividend of $0.32 per share, payable July 15, 2016, to holders of record as of June 30, 2016.  Full Article

Lincoln Electric Board Declares Dividend
Wednesday, 17 Feb 2016 04:30pm EST 

Lincoln Electric Holdings, Inc:declared a quarterly cash dividend of $0.32 per common share, payable April 15, 2016 to shareholders of record as of March 31, 2016.  Full Article

Lincoln Electric Holdings Approves 10.3 pct Dividend Increase
Tuesday, 27 Oct 2015 04:16pm EDT 

Lincoln Electric Holdings Inc:Approved a 10.3 pct increase in the quarterly cash dividend, from $0.29 per share to $0.32 per share, or to $1.28 per share on an annualized basis.The declared quarterly cash dividend of $0.32 per common share is payable Jan. 15, 2016 to shareholders of record as of Dec. 31.  Full Article

Lincoln Electric to purchase group annuity contract for retiree pension benefits
Wednesday, 19 Aug 2015 07:30am EDT 

Lincoln Electric Holdings Inc:To purchase group annuity contract for retiree pension benefits.Says it has entered into an agreement to purchase a group annuity contract from the principal financial group.Says agreement to settle $425 million of Lincoln electric's approximate $900 million in outstanding U.S. pension obligations.Says expects to incur a non-cash pension settlement charge of about $132 million in the third quarter.Says the purchase will be funded by existing plan assets and requires no cash contribution.Principal to assume obligation to pay benefits starting Nov. 1, for specified US retirees,surviving beneficiaries retired before june1.Says annuity purchase will not impact the monthly pension benefits Lincoln Electric retirees and surviving beneficiaries receive.  Full Article

Lincoln Electric Holdings, Inc acquires Specialised Welding Products
Friday, 7 Aug 2015 08:42am EDT 

Lincoln Electric Holdings, Inc:Acquires specialised welding products (swp).Says terms of the transaction were not disclosed.Swp is headquartered in Melbourne, Australia, will continue to operate independently as entity of Lincoln Electric Australia.  Full Article

Lincoln Electric acquires Rimrock Holdings Corp
Tuesday, 4 Aug 2015 07:30am EDT 

Lincoln Electric Holdings Inc:Acquires rimrock holdings corporation.Says terms of the transaction were not disclosed.  Full Article

Lincoln Electric Holdings, Inc declares dividend
Thursday, 23 Jul 2015 05:28pm EDT 

Lincoln Electric Holdings, Inc:Declared a quarterly cash dividend of $0.29 per common share.payable October 15, 2015 to shareholders of record as of September 30, 2015.  Full Article

Lincoln Electric Holdings, Inc declares quarterly cash dividend
Thursday, 23 Apr 2015 04:01pm EDT 

Lincoln Electric Holdings, Inc:Declares quarterly cash dividend of $0.29 per common share.Payable July 15 to shareholders of record as of June 30.  Full Article

Lincoln Electric Holdings announces $350 million private placement of senior notes
Wednesday, 1 Apr 2015 10:38am EDT 

Lincoln Electric Holdings:Intend to offer for sale to eligible purchasers in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended $350 mln in aggregate principal amount of senior unsecured notes.These notes will be offered and sold in four tranches.Expects to complete the funding and the issuance of the Series C Notes and the Series D Notes on April 1.Series A Notes and the Series B Notes are expected to be funded and issued on Aug. 20.Intends to use the proceeds for general corporate purposes.  Full Article

More From Around the Web

BRIEF-Lincoln Electric authorizes proposal to freeze all benefit accruals under supplemental executive retirement plan

* Lincoln Electric on Oct 19,authorized proposal to freeze,vest all benefit accruals under supplemental executive retirement plan prior to end of 2016