LINCOLN ELECTRIC HOLDINGS INC

For the period ended Sep 30, 2024. Filed Oct 31, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Oct 31, 2024

LECO$284.42-0.0%Stored close · as of Nov 10, 2026

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Contents

CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED)

CONSOLIDATED STATEMENTS OF EQUITY

· · · · · · · · · · · · · · · · · · · ·
· · · · · · · · Accumulated · · · ·
· · Common · · · · · Additional · · · · · Other · · · · · ·
· · Shares · · Common · · Paid-In · · Retained · · Comprehensive · · Treasury · · ·
· Outstanding · Shares · Capital · Earnings · Income (Loss) · Shares · Total
Balance at December 31, 2023	56,977	$9,858	$523,357	$3,688,038	$(229,847)	$(2,682,554)	$1,308,852
Net income				123,415			123,415
Defined benefit pension plan activity, net of tax					73		73
Unrealized gain on derivatives designated and qualifying as cash flow hedges, net of tax					3,715		3,715
Currency translation adjustment, net of tax					(13,395)		(13,395)
Cash dividends declared - $0.71 per share				(41,273)			(41,273)
Stock-based compensation activity	397		34,981			3,647	38,628
Purchase of shares for treasury	(466)					(110,405)	(110,405)
Other			2,101	(3,883)			(1,782)
Balance at March 31, 2024	56,908	$9,858	$560,439	$3,766,297	$(239,454)	$(2,789,312)	$1,307,828
Net income				101,708			101,708
Defined benefit pension plan activity, net of tax					6		6
Unrealized (loss) on derivatives designated and qualifying as cash flow hedges, net of tax					(2,761)		(2,761)
Currency translation adjustment, net of tax					(7,696)		(7,696)
Cash dividends declared – $0.71 per share				(40,236)			(40,236)
Stock-based compensation activity	9		4,646			86	4,732
Purchase of shares for treasury	(242)					(50,415)	(50,415)
Other			(5,758)	5,498			(260)
Balance at June 30, 2024	56,675	$9,858	$559,327	$3,833,267	$(249,905)	$(2,839,641)	$1,312,906
Net income				100,756			100,756
Defined benefit pension plan activity, net of tax					2,772		2,772
Unrealized (loss) on derivatives designated and qualifying as cash flow hedges, net of tax					(960)		(960)
Currency translation adjustment, net of tax					12,267		12,267
Cash dividends declared – $0.71 per share				(40,105)			(40,105)
Stock-based compensation activity	17		1,863			160	2,023
Purchase of shares for treasury	(267)					(50,392)	(50,392)
Other			(42)	(35)			(77)
Balance at September 30, 2024	56,425	$9,858	$561,148	$3,893,883	$(235,826)	$(2,889,873)	$1,339,190

CONSOLIDATED STATEMENTS OF EQUITY


· · · · · · · · Accumulated · · · ·
· · Common · · · · · Additional · · · · · Other · · · · · ·
· · Shares · · Common · · Paid-In · · Retained · · Comprehensive · · Treasury · · ·
· Outstanding · Shares · Capital · Earnings · Income (Loss) · Shares · Total
Balance at December 31, 2022	57,624	$9,858	$481,857	$3,306,500	$(275,398)	$(2,488,776)	$1,034,041
Net income				121,931			121,931
Defined benefit pension plan activity, net of tax					560		560
Unrealized gain on derivatives designated and qualifying as cash flow hedges, net of tax					9,131		9,131
Currency translation adjustment, net of tax					14,818		14,818
Cash dividends declared – $0.64 per share				(36,971)			(36,971)
Stock-based compensation activity	143		12,475			1,635	14,110
Purchase of shares for treasury	(194)					(32,158)	(32,158)
Other			3,691	(3,917)			(226)
Balance at March 31, 2023	57,573	$9,858	$498,023	$3,387,543	$(250,889)	$(2,519,299)	$1,125,236
Net income				137,331			137,331
Defined benefit pension plan activity, net of tax					(1,366)		(1,366)
Unrealized loss on derivatives designated and qualifying as cash flow hedges, net of tax					(4,888)		(4,888)
Currency translation adjustment, net of tax					20,957		20,957
Cash dividends declared – $0.64 per share				(36,917)			(36,917)
Stock-based compensation activity	152		12,818			1,697	14,515
Purchase of shares for treasury	(312)					(53,076)	(53,076)
Other			4,462	(4,830)			(368)
Balance at June 30, 2023	57,413	$9,858	$515,303	$3,483,127	$(236,186)	$(2,570,678)	$1,201,424
Net income				129,343			129,343
Defined benefit pension plan activity, net of tax					(15)		(15)
Unrealized gain on derivatives designated and qualifying as cash flow hedges, net of tax					2,665		2,665
Currency translation adjustment					(32,297)		(32,297)
Cash dividends declared – $0.64 per share				(36,876)			(36,876)
Stock-based compensation activity	26		6,513			285	6,798
Purchase of shares for treasury	(238)					(45,355)	(45,355)
Other			(2,665)	2,560			(105)
Balance at September 30, 2023	57,201	$9,858	$519,151	$3,578,154	$(265,833)	$(2,615,748)	$1,225,582

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.