Lincoln Electric Holdings Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Lincoln Electric Holdings Inc. has filed its 2023 10-K report detailing its financial performance and operations.</b>

AI Summary

LINCOLN ELECTRIC HOLDINGS INC (LECO) filed a Annual Report (10-K) with the SEC on February 27, 2024. The filing is Lincoln Electric Holdings Inc.'s 2023 Form 10-K, submitted on February 27, 2024. The company's fiscal year ends on December 31st. Lincoln Electric Holdings Inc. is classified under SIC code 3540 (Metalworking Machinery & Equipment). The company was formerly known as Lincoln Electric Co. and changed its name on July 3, 1992. The filing includes detailed financial data and disclosures for the fiscal year 2023.

Why It Matters

For investors and stakeholders tracking LINCOLN ELECTRIC HOLDINGS INC, this filing contains several important signals. This 10-K provides a comprehensive overview of Lincoln Electric's financial health, operational strategies, and risk factors for the fiscal year 2023, crucial for investors to assess performance and future outlook. The filing contains specific financial data, including revenue, net income, and balance sheet information, enabling stakeholders to make informed investment decisions.

Risk Assessment

Risk Level: medium — LINCOLN ELECTRIC HOLDINGS INC shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive annual report. While it contains detailed financial information, it does not inherently signal immediate positive or negative developments beyond routine disclosure, thus warranting a medium risk assessment for immediate trading decisions.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Lincoln Electric's performance and potential challenges in the upcoming fiscal year.

Key Numbers

• 2023-12-31 — Fiscal Year End (The end date of the reporting period.)
• 2024-02-27 — Filing Date (The date the 10-K was submitted to the SEC.)
• 3540 — SIC Code (Standard Industrial Classification for Metalworking Machinery & Equipment.)
• 134 — Document Count (Number of public documents included in the filing.)

Key Players & Entities

• LINCOLN ELECTRIC HOLDINGS INC (company) — Filer and subject of the report.
• 2023 (date) — Fiscal year end for the report.
• 2024-02-27 (date) — Filing date of the 10-K.
• 3540 (industry_code) — Standard Industrial Classification code for Metalworking Machinery & Equipment.
• OH (location) — State of incorporation and business address.
• CLEVELAND (location) — City of business and mailing address.
• Lincoln Electric Co. (company) — Former name of the company.
• 19920703 (date) — Date of name change.

FAQ

Industry Context

Lincoln Electric Holdings Inc. operates in the Metalworking Machinery & Equipment industry, a sector focused on manufacturing tools and machinery for metal fabrication and processing.

Regulatory Implications

As a publicly traded company, Lincoln Electric Holdings Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the annual filing of a Form 10-K.

What Investors Should Do

1. Analyze the financial statements for revenue trends, profitability, and balance sheet strength.
2. Review the Management's Discussion and Analysis (MD&A) section for insights into business performance and outlook.
3. Examine the risk factors section for potential challenges and uncertainties facing the company.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-02-27: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial filing data extracted for the 2023 10-K. Comparative data from previous filings will be available upon analysis of those documents.

Filing Documents

• leco-20231231x10k.htm (10-K) — 3817KB
• leco-20231231xex10d11.htm (EX-10.11) — 1316KB
• leco-20231231xex10d12.htm (EX-10.12) — 116KB
• leco-20231231xex10d13.htm (EX-10.13) — 122KB
• leco-20231231xex10d24.htm (EX-10.24) — 49KB
• leco-20231231xex21.htm (EX-21) — 59KB
• leco-20231231xex23.htm (EX-23) — 6KB
• leco-20231231xex24.htm (EX-24) — 41KB
• leco-20231231xex31d1.htm (EX-31.1) — 14KB
• leco-20231231xex31d2.htm (EX-31.2) — 14KB
• leco-20231231xex32d1.htm (EX-32.1) — 11KB
• leco-20231231xex97.htm (EX-97) — 33KB
• leco-20231231x10k001.jpg (GRAPHIC) — 72KB
• leco-20231231xex10d12002.jpg (GRAPHIC) — 1KB
• leco-20231231xex10d13002.jpg (GRAPHIC) — 1KB
• 0000059527-24-000008.txt (&nbsp;) — 19752KB
• leco-20231231.xsd (EX-101.SCH) — 75KB
• leco-20231231_cal.xml (EX-101.CAL) — 95KB
• leco-20231231_def.xml (EX-101.DEF) — 417KB
• leco-20231231_lab.xml (EX-101.LAB) — 874KB
• leco-20231231_pre.xml (EX-101.PRE) — 707KB
• leco-20231231x10k_htm.xml (XML) — 4169KB

BUSINESS

ITEM 1. BUSINESS General As used in this Annual Report on Form 10-K, the term "Company," except as otherwise indicated by the context, means Lincoln Electric Holdings, Inc. and its wholly-owned and majority-owned subsidiaries for which it has a controlling interest. The Lincoln Electric Company began operations in 1895 and was incorporated under the laws of the State of Ohio in 1906. During 1998, The Lincoln Electric Company reorganized into a holding company structure, and Lincoln Electric Holdings, Inc. became the publicly-held parent of Lincoln Electric subsidiaries worldwide, including The Lincoln Electric Company. The Company is one of only a few worldwide broad-line manufacturers of welding, cutting and brazing products. The Company is the world leader in the design, development and manufacture of arc welding products, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment. The Company also has a leading global position in brazing and soldering alloys. The Company's products include arc welding, brazing and soldering filler metals (consumables), arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, specialty gas regulators, and education solutions; as well as a comprehensive portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing. The arc welding power sources and wire feeding systems manufactured by the Company range in technology from basic units used for light manufacturing and maintenance to highly sophisticated robotic applications for high volume production welding and fabrication. Three primary types of arc welding consumables are produced: (1) coated manual or stick electrodes; (2) solid wire produced in coil, reel or drum forms for continuous feeding in mechanized welding; and (3) cored wire produced in coil form for continuous feeding in mechanized welding. The Company has, through w

RISK FACTORS

ITEM 1A. RISK FACTORS From time to time, information we provide, statements by our employees or information included in our filings with the SEC may contain forward-looking statements that are not historical facts. Those statements are "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "forecast," "guidance" or words of similar meaning. Actual results may differ materially from such statements due to a variety of factors that could adversely affect the Company's operating results. Forward-looking statements, and our future performance, operating results, financial position and liquidity, are subject to a variety of factors that could materially affect results, including those risks described below. Forward-looking statements made in this report speak only as of the date of the statement, and, except as required by law, we undertake no obligation to update those statements. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data. In the ordinary course of our business, we face various strategic, operating, compliance and financial risks. These risks could have a material impact on our business, financial condition, operating results and cash flows. Our Enterprise Risk Management ("ERM") process seeks to identify and address significant risks. Our ERM process is a company-wide initiative that is designed with the intent of prioritizing risks and allocating appropriate resources to address such risks. We use the integrated risk framework of the Committee of Sponsoring Organizations to assess, manage and monitor risks. Management has identified and prioritized critical risks based on the severity and likelihood of each

View Full Filing

View this 10-K filing on SEC EDGAR