Tranche Update on Lincoln Electric Holdings, Inc.'s Equity Buyback Plan announced on February 13, 2020.
February 27, 2024 at 04:08 pm EST
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From October 1, 2023 to December 31, 2023, the company has repurchased 347,499 shares, representing 0.61% for $67.01 million. With this, the company has completed the repurchase of 2,141,480 shares, representing 3.7% for $334.96 million under the buyback announced on February 13, 2020.
Lincoln Electric Holdings, Inc. is a manufacturer of welding, cutting and brazing products. Its segments include Americas Welding, International Welding, and the Harris Products Group. Americas Welding segment includes welding operations in North and South America. International Welding segment includes welding operations in Europe, Africa, Asia, and Australia. Harris Products Group includes its global oxyfuel cutting, soldering and brazing businesses and its retail business in the United States. Its 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; and a comprehensive portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing. It offers automation system integration and technology, specializing in automated welding systems.