Risk Sleuth
LECO · 10-K filed 25 Feb 2026 · year to 31 Dec 2025

Lincoln Electric Holdings

21 named things its latest annual report says its results depend on, each in the company's own words. 14 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

U.S. government

earns fromnamed as a risk
Our business with the U.S. government subjects us to unusual risks, including compliance with and changes in governmental acquisition regulations.Risk factors (Item 1A)

Also named by ADI, AIR, APH, ASTS, ATI, AVAV, AWK, BA and 46 more

Automotive production facilities

earns fromnamed as a risk
In certain cases, we design automated welding systems for use in a customer’s production facilities (including automotive production facilities), which could expose us to financial losses or professional liability.Risk factors (Item 1A)

Industrial distributors

earns from
In the Americas, products are sold principally through industrial distributors, retailers and also directly to users of welding products (OEMs, manufacturers and integrators).Business (Item 1)

Competitors

Foreign integrated steel producers

competes withnamed as a risk
For example, while steel manufacturers traditionally have not been significant competitors in the domestic arc welding industry, certain foreign integrated steel producers manufacture selected consumable arc welding products and robotic arm manufacturers compete in the automated welding and cutting space.Risk factors (Item 1A)

Robotic arm manufacturers

competes withnamed as a risk
For example, while steel manufacturers traditionally have not been significant competitors in the domestic arc welding industry, certain foreign integrated steel producers manufacture selected consumable arc welding products and robotic arm manufacturers compete in the automated welding and cutting space.Risk factors (Item 1A)

Places

North America

operates innamed as a risk
The arc welding and cutting industry is generally a mature industry in developed markets, such as North America and Western Europe, and is cyclical in nature.Risk factors (Item 1A)

Also named by ALSN, AOS, BMI, CAG, CAT, CHRW, CLS, CPB and 19 more

Western Europe

operates innamed as a risk
The arc welding and cutting industry is generally a mature industry in developed markets, such as North America and Western Europe, and is cyclical in nature.Risk factors (Item 1A)

Also named by PSA, VLTO, WM, XYL

Hazards

Asbestos litigation

approximately 1,126 plaintiffsnamed as a risk
As of December 31, 2025, we were a co-defendant in cases alleging asbestos induced illness involving claims by approximately 1,126 plaintiffs.Risk factors (Item 1A)

Also named by CCK, ESAB, FERG, PPG, ROK, VNT, WTS

Commodities and inputs

U.S. dollar

exposed to its price · $27,652named as a risk
At December 31, 2025, any loss (or gain) resulting from the hypothetical 10% strengthening or weakening in the U.S. dollar would have changed Accumulated other comprehensive income (loss) by $27,652.Market risk (Item 7A)

Also named by A, AAPL, AEHR, CROX, CSCO, FWONA, IDXX, KEYS and 4 more

Steel

exposed to its pricenamed as a risk
In the normal course of business, we are exposed to market risks related to the availability of and price fluctuations in the purchase of energy and commodities used in the manufacturing of our products (primarily steel, brass, copper, silver, aluminum alloys, electronic components, electricity and natural gas).Risk factors (Item 1A)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Copper

exposed to its pricenamed as a risk
In the normal course of business, we are exposed to market risks related to the availability of and price fluctuations in the purchase of energy and commodities used in the manufacturing of our products (primarily steel, brass, copper, silver, aluminum alloys, electronic components, electricity and natural gas).Risk factors (Item 1A)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Natural gas

exposed to its pricenamed as a risk
In the normal course of business, we are exposed to market risks related to the availability of and price fluctuations in the purchase of energy and commodities used in the manufacturing of our products (primarily steel, brass, copper, silver, aluminum alloys, electronic components, electricity and natural gas).Risk factors (Item 1A)

Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more

Electricity

exposed to its pricenamed as a risk
In the normal course of business, we are exposed to market risks related to the availability of and price fluctuations in the purchase of energy and commodities used in the manufacturing of our products (primarily steel, brass, copper, silver, aluminum alloys, electronic components, electricity and natural gas).Risk factors (Item 1A)

Also named by AA, AESI, APD, APLD, ATI, ATO, BA, BMNR and 22 more

Electronic components

exposed to its pricenamed as a risk
In the normal course of business, we are exposed to market risks related to the availability of and price fluctuations in the purchase of energy and commodities used in the manufacturing of our products (primarily steel, brass, copper, silver, aluminum alloys, electronic components, electricity and natural gas).Risk factors (Item 1A)

Also named by GGG, HUBB, JOUT, MSA, NVT, ROK, SNA, SYK and 4 more

Silver

exposed to its pricenamed as a risk
In the normal course of business, we are exposed to market risks related to the availability of and price fluctuations in the purchase of energy and commodities used in the manufacturing of our products (primarily steel, brass, copper, silver, aluminum alloys, electronic components, electricity and natural gas).Risk factors (Item 1A)

Also named by CDE, DC, EZPW, HL, LFUS, LULU, NEM, RGLD and 2 more

Brass

exposed to its pricenamed as a risk
In the normal course of business, we are exposed to market risks related to the availability of and price fluctuations in the purchase of energy and commodities used in the manufacturing of our products (primarily steel, brass, copper, silver, aluminum alloys, electronic components, electricity and natural gas).Risk factors (Item 1A)

Also named by BMI, EMR, FBIN, MAS, MLI, WTS

Aluminum alloys

exposed to its pricenamed as a risk
In the normal course of business, we are exposed to market risks related to the availability of and price fluctuations in the purchase of energy and commodities used in the manufacturing of our products (primarily steel, brass, copper, silver, aluminum alloys, electronic components, electricity and natural gas).Risk factors (Item 1A)

Laws and programs

OECD Pillar Two Global Anti-Base Erosion Rules

subject to · 15% global minimum taxnamed as a risk
There can be no assurance that changes in tax laws or regulations, both within the United States and the various foreign jurisdictions in which we operate, such as the 15% global minimum tax under The Organization for Economic Co-operation and Development Pillar Two, Global Anti-Base Erosion Rules will not materially and adversely affect our effective tax rate, tax payments, financial condition and results of operations.Risk factors (Item 1A)

General Data Protection Regulation (GDPR)

subject tonamed as a risk
Laws and regulations addressing personal information, including with respect to the European Union’s General Data Protection Regulation, U.S. state privacy laws, such as the California Consumer Privacy Act, and the interpretation and enforcement of these and similar laws and regulations, are continuously evolving and there is significant uncertainty with respect to how compliance with these laws and regulations may develop and the costs and complexity of future compliance.Risk factors (Item 1A)

Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more

U.S. tariffs on foreign imports

subject tonamed as a risk
The U.S. presidential administration has imposed tariffs on foreign imports into the United States and, in response, many foreign countries have implemented or increased tariffs on imports into their countries.Risk factors (Item 1A)

Also named by MKL

Technology

AI-enabled robotic solutions

competes withnamed as a risk
Additionally, the emergence of AI-enabled robotic solutions has increased the competitive pressure on our automation business.Risk factors (Item 1A)