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News Breaks
December 10, 2012
07:25 EDTLECO, LECOLincoln Electric management to meet with Barrington
Meeting to be held in Cleveland on December 11 hosted by Barrington.
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August 4, 2015
07:38 EDTLECOLincoln Electric acquires Rimrock Holdings
Lincoln Electric announced that it has acquired Rimrock Holdings, a privately held manufacturer and integrator of industrial automation products and robotic systems with two divisions, Wolf Robotics LLC and Rimrock Corporation. Wolf Robotics integrates robotic welding and cutting systems predominately for heavy fabrication and transportation OEMs and suppliers. Rimrock Corporation designs and manufactures automated spray systems and turnkey robotic systems for the die casting, foundry and forging markets. Rimrock Holdings Corporation is headquartered in Columbus, Ohio and has operations in Columbus, Ohio and Fort Collins, Colorado. Annual sales are approximately $40M. Terms of the transaction were not disclosed.
July 27, 2015
07:32 EDTLECOLincoln Electric remains cautious on 2015 demand trends
Company said, "Business conditions were challenging in the quarter as growth in automation was offset by weaker oil and gas and U.S. export demand. We initiated a number of actions during the quarter to align our cost structure with softer market conditions, which helped generate modest sequential improvements in our profit margins and operating working capital ratio to net sales. While we remain cautious on 2015 demand trends, we continue to invest in our strategic programs and expect our efforts will help maximize profitability and shareholder returns through the economic cycle."
07:31 EDTLECOLincoln Electric reports Q2 adj. EPS 95c, consensus 91c
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