Mine-door-activating mechanism, and an electric arc lamp. More than 50 patents for inventions as diverse as an apparatus for curing meat, an electric drill, a The brothers’ skillsĪnd interests were complementary.
Lincoln, John’s younger brother, joined the company in 1907. Lincoln in 1895 to manufacture electric motors and The company’s historical dividend payout policy had been to pay to the suppliers ofĬapital a fair return each year for its use. Growth had been achieved without benefit of acquisition and had been financed with internally Preceding four decades, as shown in Figure A.ĭuring this period, after-tax return on equity had ranged between 10% and 15%. Perhaps more significant than a single year’s results was Lincoln’s record of steady growth over the Lincoln’s 1974 domestic net income was $17.5 million on sales of $237 million (Exhibit 2). Industrial electric motors, but these accounted for less than 10% of sales and profits. In addition to its welding products, Lincoln produced a line of three-phase alternating-current To have manufactured more than 40% of the arc welding equipment and supplies sold in the United World’s largest manufacturer of arc welding products (Exhibit 1). For more than 30 years, Lincoln had been the What he saw as his company’s distinctive competence. Willis, president of The Lincoln Electric Company, described We’re a manufacturing company, and I believe that we are the We’re not a marketing company, we’re not an R&D company, and we’re notĪ service company.
0 kommentar(er)
