Lincoln Electric leads the global arc welding industry through a commitment to innovation and business practices that seek to align and generate superior value for all our stakeholders through the cycle:

  • Customers: we engineer high-quality solutions that are manufactured responsibly, operate safely and efficiently, and are supported by our superior technical application capabilities;
  • Employees: we invest in an incentive and results-driven culture where engagement, and professional growth and development is a priority;
  • Suppliers: we work with partners that share a commitment to responsible operations that are safe, compliant, and efficient;
  • Communities: we are an engaged community partner focused on helping our neighbors thrive; and
  • Shareholders: we target a business model that delivers above-market returns:
    • #1 leader in a growing industry while accelerating revenue via innovation and acquisitions
    • Innovation and operational excellence increases profitability performance with a track record of increasing our average Adjusted operating income margin performance by +200bps vs. the prior cycle
    • Earnings compounder through the cycle
    • Solid balance sheet and strong cash generation through the cycle with a 100+% cash conversion target
    • Predictable model enables 28-years of consecutive increases to our annual dividend payout
    • Disciplined capital deployment delivers top-quartile ROIC performance
Higher Standard

We are executing our long-term strategy, the “Higher Standard 2025 Strategy”, which focuses on accelerating sales growth, profitability, and earnings performance during the 2020-2025 period.

Our performance in 2020-2023 has demonstrated that we are advancing well towards our 2025 targets, and we are focused on generating greater value from our commercial and operational initiatives to achieve our goals.

Our 2020-2023 Progress:

Progress Table

To learn more about Lincoln Electric and all of our Higher Standard 2025 Strategy targets, please review our Overview Presentation

Lincoln Electric Overview(opens in new window)