Lincoln Electric Holdings Management
Management criteria checks 3/4
Lincoln Electric Holdings' CEO is Steve Hedlund, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $5.33M, comprised of 15% salary and 85% bonuses, including company stock and options. directly owns 0.09% of the company’s shares, worth $9.74M. The average tenure of the management team and the board of directors is 4.3 years and 6.6 years respectively.
Key information
Steve Hedlund
Chief executive officer
US$5.3m
Total compensation
| CEO salary percentage | 15.0% |
| CEO tenure | less than a year |
| CEO ownership | 0.09% |
| Management average tenure | 4.3yrs |
| Board average tenure | 6.6yrs |
Recent management updates
Recent updates
Lincoln Electric Holdings: A Dividend Aristocrat To Add To Your Shopping List
Dec 21Estimating The Intrinsic Value Of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)
Dec 02
Lincoln Electric: Unloved And Ripe To Buy
Nov 23Does Lincoln Electric Holdings (NASDAQ:LECO) Have A Healthy Balance Sheet?
Nov 19Lincoln Electric Holdings (NASDAQ:LECO) Has Announced That It Will Be Increasing Its Dividend To $0.75
Nov 07Lincoln Electric Holdings' (NASDAQ:LECO) Shareholders Will Receive A Bigger Dividend Than Last Year
Oct 22Here's Why We Think Lincoln Electric Holdings (NASDAQ:LECO) Is Well Worth Watching
Oct 19At US$191, Is It Time To Put Lincoln Electric Holdings, Inc. (NASDAQ:LECO) On Your Watch List?
Oct 08Investor Optimism Abounds Lincoln Electric Holdings, Inc. (NASDAQ:LECO) But Growth Is Lacking
Sep 04We Like Lincoln Electric Holdings' (NASDAQ:LECO) Returns And Here's How They're Trending
Aug 12A Look At The Fair Value Of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)
Jul 28If EPS Growth Is Important To You, Lincoln Electric Holdings (NASDAQ:LECO) Presents An Opportunity
Jul 17Lincoln Electric Holdings (NASDAQ:LECO) Has A Pretty Healthy Balance Sheet
Jul 05Lincoln Electric Dragged Down By Softening End-Markets (Rating Upgrade)
Jun 30Getting In Cheap On Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Is Unlikely
Jun 01Why Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Could Be Worth Watching
May 21Under The Bonnet, Lincoln Electric Holdings' (NASDAQ:LECO) Returns Look Impressive
May 08Lincoln Electric: Welding Play Doing Really Well
Apr 24Calculating The Fair Value Of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)
Apr 19Here's Why We Think Lincoln Electric Holdings (NASDAQ:LECO) Might Deserve Your Attention Today
Mar 28Lincoln Electric: A Quality Company, Currently Overvalued
Feb 29When Should You Buy Lincoln Electric Holdings, Inc. (NASDAQ:LECO)?
Feb 15Lincoln Electric Holdings (NASDAQ:LECO) Knows How To Allocate Capital Effectively
Feb 03A Look At The Intrinsic Value Of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)
Jan 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$483m |
| Jun 30 2024 | n/a | n/a | US$511m |
| Mar 31 2024 | n/a | n/a | US$547m |
| Dec 31 2023 | US$5m | US$799k | US$545m |
| Sep 30 2023 | n/a | n/a | US$498m |
| Jun 30 2023 | n/a | n/a | US$478m |
| Mar 31 2023 | n/a | n/a | US$468m |
| Dec 31 2022 | US$3m | US$565k | US$472m |
| Sep 30 2022 | n/a | n/a | US$438m |
| Jun 30 2022 | n/a | n/a | US$360m |
| Mar 31 2022 | n/a | n/a | US$328m |
| Dec 31 2021 | US$2m | US$440k | US$277m |
| Sep 30 2021 | n/a | n/a | US$267m |
| Jun 30 2021 | n/a | n/a | US$294m |
| Mar 31 2021 | n/a | n/a | US$225m |
| Dec 31 2020 | US$2m | US$428k | US$206m |
| Sep 30 2020 | n/a | n/a | US$205m |
| Jun 30 2020 | n/a | n/a | US$219m |
| Mar 31 2020 | n/a | n/a | US$277m |
| Dec 31 2019 | US$2m | US$425k | US$293m |
| Sep 30 2019 | n/a | n/a | US$316m |
| Jun 30 2019 | n/a | n/a | US$314m |
| Mar 31 2019 | n/a | n/a | US$298m |
| Dec 31 2018 | US$2m | US$395k | US$287m |
| Sep 30 2018 | n/a | n/a | US$224m |
| Jun 30 2018 | n/a | n/a | US$260m |
| Mar 31 2018 | n/a | n/a | US$252m |
| Dec 31 2017 | US$2m | US$370k | US$248m |
Compensation vs Market: Steve's total compensation ($USD5.33M) is below average for companies of similar size in the US market ($USD12.84M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Steve Hedlund (57 yo)
less than a year
Tenure
US$5,333,638
Compensation
Mr. Steven B. Hedlund, also known as Steve, serves as Chief Operating Officer at Lincoln Electric Holdings, Inc since May 09, 2022 until 2023 and served as Executive Vice President until January 01, 2023 a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 14.8yrs | US$10.61m | 0.19% $ 20.5m | |
| President | less than a year | US$5.33m | 0.090% $ 9.7m | |
| Executive VP | 4.7yrs | US$2.99m | 0.047% $ 5.0m | |
| Executive VP | 7.7yrs | US$2.14m | 0.036% $ 3.8m | |
| Executive VP & Chief Transformation Officer | less than a year | US$1.88m | 0.034% $ 3.6m | |
| Executive VP & Chief Information Officer | 2.6yrs | no data | 0.0031% $ 329.6k | |
| Vice President of Investor Relations & Communications | 11.8yrs | no data | no data | |
| Senior VP & Chief Human Resources Officer | less than a year | no data | no data | |
| Senior VP and President of Global Automation | 9.2yrs | no data | 0.017% $ 1.9m | |
| Senior VP & President of North America – Americas Welding | 16.9yrs | no data | no data | |
| Senior Vice President of Acquisition Integration | 10.9yrs | no data | 0.018% $ 2.0m | |
| Senior VP & President of Americas Welding | 4yrs | no data | 0.011% $ 1.1m |
4.3yrs
Average Tenure
55.5yo
Average Age
Experienced Management: LECO's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 14.8yrs | US$10.61m | 0.19% $ 20.5m | |
| President | less than a year | US$5.33m | 0.090% $ 9.7m | |
| Independent Director | 29.9yrs | US$240.15k | 0.047% $ 5.1m | |
| Lead Independent Director | 12.8yrs | US$268.00k | 0.030% $ 3.2m | |
| Independent Director | 4.2yrs | US$247.50k | 0.0042% $ 454.5k | |
| Independent Director | 11.4yrs | US$255.00k | 0.034% $ 3.6m | |
| Independent Director | 2.8yrs | US$240.01k | 0.0016% $ 176.6k | |
| Independent Director | 9.4yrs | US$255.17k | 0.011% $ 1.2m | |
| Independent Director | 1.2yrs | US$192.46k | no data | |
| Independent Director | 6.8yrs | US$240.15k | 0.0020% $ 212.2k | |
| Independent Director | 6.4yrs | US$263.44k | 0.0010% $ 113.1k | |
| Independent Director | 1.4yrs | US$248.33k | no data |
6.6yrs
Average Tenure
58yo
Average Age
Experienced Board: LECO's board of directors are considered experienced (6.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 14:33 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Lincoln Electric Holdings, Inc. is covered by 29 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mircea Dobre | Baird |
| Adam Seiden | Barclays |
| Walter Liptak | Barrington Research Associates, Inc. |