Lincoln Electric Holdings Inc (FRA:LNE)
€ 173 3 (1.76%) Market Cap: 9.99 Bil Enterprise Value: 10.67 Bil PE Ratio: 20.02 PB Ratio: 8.21 GF Score: 91/100

Lincoln Electric Holdings Inc at Stifel Cross Sector Insight Conference Transcript

Jun 12, 2019 / 12:35PM GMT
Release Date Price: €69.99 (+0.23%)
Nathan Hardie Jones
Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst

Okay. Good morning, everybody. I hope you had a fun night last night. I was asleep by 9:00, so I'm fresh. Welcome to Lincoln Electric. We have Vince Petrella, CFO; Amanda Butler from IR. We are going to use a bull and bear case format, where I'm going to run through 3 bear cases, Vince is going to completely emasculate me for asking dumb questions. Then we're going to go to the bull cases, where Vince will be a little happier.

Questions & Answers

Nathan Hardie Jones
Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst

I am going to start with a question outside of those, first. So Lincoln is known to have a resilient operating model that protects margins and cash generation through an economic cycle. Given the latest economic matrix, where do you see demand trends today?

Vincent K. Petrella
Lincoln Electric Holdings, Inc. - Executive VP, CFO & Treasurer

Well, so the first quarter, just

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