Lincoln Electric

In arc welding, Lincoln Electric has been the name to beat since 1895. The Ohio company makes welding machines, the wire and electrodes they consume, plus cutting equipment and, increasingly, welding robots and automation cells for factories. A large share of sales comes from consumables, the filler metals used up on every job, which gives Lincoln a steady, razor-and-blades stream of repeat revenue on top of equipment sales. Demand tracks industrial activity: construction, shipbuilding, energy, autos and general manufacturing. Run from Euclid, Ohio, the company is also known internally for an unusual incentive system that has paid factory workers piece-rate wages and large profit-sharing bonuses for decades. Its bet now is automation, selling the robotic systems that address a persistent shortage of skilled welders.

On MyRWA, LECO trades tokenized across 1 on-chain venue - see the listings below.