Lincoln Electric is the world's leading maker of arc-welding consumables and equipment — the wire, sticks, machines and, increasingly, the robots that join metal to metal. It sells mostly through industrial distributors into a hugely fragmented base of fabricators, and has spent the last decade buying automation firms to move from selling welders to selling whole robotic welding cells. A Dividend Aristocrat with ~$4.2B in sales across ~19 countries.
What Lincoln Electric Holdings, Inc. really sells
Lincoln Electric is the world's leading maker of arc-welding consumables and equipment — the wire, sticks, machines and, increasingly, the robots that join metal to metal. It sells mostly through industrial distributors into a hugely fragmented base of fabricators, and has spent the last decade buying automation firms to move from selling welders to selling whole robotic welding cells. A Dividend Aristocrat with ~$4.2B in sales across ~19 countries.