CLEVELAND, Wednesday, March 29, 2023, – Lincoln Electric Holdings, Inc., (Nasdaq: LECO) (the “Company”) is pleased to announce that it has been recognized on Newsweek’s list of Most Trustworthy Companies in America 2023 - the Company’s second consecutive award. This prestigious award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced earlier today and can be viewed on Newsweek’s website.

Newsweek’s Most Trustworthy Companies in America 2023 represent the top 700 most trustworthy companies across 23 industries. The results are based on an independent survey of approximately 25,000 U.S. residents who rated companies they know across three touchpoints of trust: customer trust, investor trust, and employee trust. All companies headquartered in the U.S. with a revenue over $500 million were considered in the study and a total of 95,000 evaluations were submitted. 

“We are honored to be recognized by Newsweek and Statista for the second time for our how we lead with integrity and operate to a higher standard to build a better world,” said Christopher L. Mapes, Lincoln Electric’s Chairman, President and Chief Executive Officer. “Ethics, integrity and operational excellence have been foundational to our business since our founding nearly 130 years and we are proud that our brand, our organization and our products are distinguished as trustworthy and reliable across all of our stakeholders.”   

 

Business

Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers’ fabrication capabilities to help them build a better world. Headquartered in Cleveland, Ohio, Lincoln has 71 manufacturing locations in 20 countries and a worldwide network of distributors and sales offices serving customers in over 160 countries. For more information about Lincoln Electric and its products and services, visit the Company’s website at https://www.lincolnelectric.com.

Contact

Amanda Butler

Vice President, Investor Relations & Communications

Tel: 216.383.2534

Email: Amanda_Butler@lincolnelectric.com