Lincoln Electric Named One of the World’s Most Trustworthy Companies of 2023 by Newsweek

CLEVELAND, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) is pleased to announce that it has been recognized as one of the World’s Most Trustworthy Companies of 2023 by Newsweek. This inaugural award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider, and can be viewed on Newsweek’s website.

“We are proud to be recognized among the World’s Most Trustworthy Companies by Newsweek reflecting our strong compliance program and a culture of ethics and integrity,” said Christopher L. Mapes, Lincoln Electric’s Chairman, President and Chief Executive Officer. “Our organization lives by The Golden Rule and operates to a higher standard to ensure that all of our stakeholders are treated respectfully and can trust that we will meet our commitments and make ethical business decisions each and every day.”

Newsweek’s World’s Most Trustworthy Companies of 2023 represent the most trustworthy companies across 23 industries in 21 countries. The results are based on an independent survey of approximately 70,000 participants who rated companies across three pillars of trust: customer trust, investor trust, and employee trust. All stock-listed companies with revenue over 500 million USD were considered in the study and a total of 269,000 evaluations were analyzed.

Lincoln Electric was also recognized by Newsweek as one of the Most Trustworthy Companies in America in 2023.

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