The ranking recognizes companies with leading environmental, social and governance ratings and strong stock market performance
CLEVELAND, Oct. 24, 2022 (GLOBE NEWSWIRE) — Lincoln Electric Holdings, Inc., (Nasdaq: LECO) (the “Company”) is pleased to announce that the Company has been named one of the Top 100 ESG Companies by Investor’s Business Daily (IBD), a leading financial news and research organization. The fourth annual list rewards companies with superior environmental, social and governance (ESG) sustainability ratings, as well as strong fundamental and technical equity performance. Lincoln Electric ranked No. 91 on the list and is on the list for the first time.
Lincoln Electric’s ESG and financial performance reflects the successful execution of the company’s Higher Standard 2025 strategy, which strives to accelerate growth with a customer-centric approach, while advancing operational excellence, product management and employee development.
“We are honored to be recognized by IBD for our strategic focus on ESG and the value we generate with best-in-class financial performance for our stakeholders,” said Christopher L. Mapes, Chairman, President and CEO. “Our goal is to operate to a higher standard to build a better world, which is reinforced by our commitment to grow and innovate as an industry leader, while advancing sustainability in our decision-making. , our investments and our collaboration with customers.”
To determine the list of the Top 100 ESG Companies of 2022, IBD reviewed Dow Jones ESG Ratings, which included more than 6,000 companies that combine profitability with ethical and social responsibility. The research team narrowed down the list to the 15% of 1,693 companies with a stock price of $10 or more that can invest in the United States. They then selected the 100 companies with the highest IBD composite scores of 81 or higher, reflecting great strength in fundamental and technical areas related to stock price performance. Finally, the team ranked the companies according to Dow Jones ESG ratings. To break the tie with 100 companies, the research team looked at relative strength ratings and earnings per share ratings, an IBD measure of earnings growth relative to other publicly traded companies. All data from IBD and Dow Jones was as of 08/31/2022. To view the full list of IBD’s Top 100 ESG Companies and ranking methodology, visit https://www.investors.com/esg-investing/.
Lincoln Electric is the world leader in the engineering, design and manufacture of advanced arc welding solutions, assembly systems, automated assembly and cutting, plasma and oxy-fuel cutting equipment , and holds a world leading position in brazing and brazing alloys. Lincoln is recognized as the Welding Expert™ for its materials science, software development, automation engineering and applications expertise that advances customers’ manufacturing capabilities to help them build a better world. Headquartered in Cleveland, Ohio, Lincoln has 56 manufacturing sites in 19 countries and a global network of distributors and sales offices serving customers in more than 160 countries. For more information about Lincoln Electric and its products and services, visit the company’s website at https://www.lincolnelectric.com.
CONTACT: Contact Amanda Butler Vice President, Investor Relations & Communications Tel: 216.383.2534 Email: [email protected]