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4-Traders Homepage  >  Equities  >  Nasdaq  >  Lincoln Electric Holdings, Inc.    LECO

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Lincoln Electric : Helps Fabricate Vehicles Used in Action-Packed Need for Speed

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03/14/2014 | 02:53pm CET

14 March 2014

Lincoln Electric Helps Fabricate Vehicles Used in Action-Packed Need for Speed



(click photos for high-res image)

Cleveland - Lincoln Electric equipment became an integral part of production for the new Need for Speed movie. Los Angeles fabricator Paul Clarke, contracted by Ghostlight, used a host of Lincoln Electric products to help construct more than 22 vehicles used during filming.

Cars seen on-screen are not the typical models that a consumer would drive off the lot. First, many of the hand-fabricated vehicles are patterned after recognizable high-performance vehicles and supercars. Second, multiple versions of each car are created with numerous adaptations, many unseen, to produce the fast-paced, thrilling scenes that play a substantial role in this movie. These adaptions include a number of camera mounts, fabricated and protected positions for a cameraman, enhanced access for interior shots or even chassis, roll cage or drivetrain modifications designed to allow the car to survive or protect the driver during chases or crashes.

"They wouldn't be able to get the shot they want or the crash they need without the modifications," says Clarke. "We've had to cut floors out of cars, make a roof removable, and pop doors on and off. Sometimes, we even have to cut cars in half. You have to get creative through thoughtful, careful welding and fabricating." 

To achieve the custom vehicles for Need for Speed, Clarke and the Ghostlight team used numerous Lincoln Electric products during the fabrication process, including multiple POWER MIG® welders, a Tomahawk® 375 Air plasma cutting system and a Precision TIG® 375 welder. They also utilized a variety of Red Line™ welding apparel and VIKING™ auto-darkening helmets.

"We're always happy with the results from these machines and their performance," Clarke notes, adding that he appreciates the ergonomic features of Lincoln Electric welding torches or guns when working on quick, tight fabrications. "When you're welding things like roll-cage material, you need to get into some tight areas and weld around existing structures. Lincoln Electric has equipment that is useful for that. There are times when my Lincoln Electric Precision TIG® 375 welder is running around the clock."

Based on the Electronic Arts (EA) video games by the same name, Need for Speed follows an underground racecar driver, played by Aaron Paul from the popular TV show Breaking Bad, as he takes part in a cross-country race - and plots revenge. Recently released after serving prison time for a murder he didn't commit, Paul's character is on a mission to avenge his name and win the race, but he'll have to watch his back with his ex-partner and bounty hunters on his tail.

While not based on a specific edition of the video game, the action-packed movie will focus on high-speed cars and stay true to the spirit of the video game series. Along with Paul, the film will star Michael Keaton, Dominic Cooper from the Captain America movies, Christina Hendricks, known for her role in the hit TV show Mad Men, and British actress Imogen Poots.

Need for Speed, produced by DreamWorks and EA, is in theaters across the U.S. starting on March 14, 2014.

Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxyfuel cutting equipment and has a leading global position in the brazing and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 45 manufacturing locations, including operations and joint ventures in 19 countries and a worldwide network of distributors and sales offices covering more than 160 countries.Company's website.


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Financials ($)
Sales 2017 2 574 M
EBIT 2017 371 M
Net income 2017 288 M
Debt 2017 315 M
Yield 2017 1,59%
P/E ratio 2017 21,17
P/E ratio 2018 20,62
EV / Sales 2017 2,38x
EV / Sales 2018 2,02x
Capitalization 5 817 M
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Mean consensus HOLD
Number of Analysts 12
Average target price 99,8 $
Spread / Average Target 13%
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Managers
NameTitle
Christopher L. Mapes Chairman, President & Chief Executive Officer
Vincent K. Petrella Chief Financial Officer, Treasurer & Executive VP
Thomas Matthews Senior VP-Technology, Research & Development
Michele R. Kuhrt Chief Information Officer & Executive VP
George H. Walls Independent Director
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