Companies
Lincoln Electric Holdings Inc
NASDAQ: LECO
$263.17
▼ $12.37 (−4.49%) today
Markets closed · 5:18pm ET

Lincoln Electric (LECO) Q3 2025 Earnings

Reported Oct 30, 2025, 9:14am ET · SEC source
$2.47
Beat +1.95%
EPS · est. $2.42
$1.1B
Beat +0.89%
Revenue · est. $1.1B
+0.3%
Beating market
LECO vs S&P since report
4 quarters
Consecutive EPS beats

How Did LECO Stock React to Q3 2025 Earnings?

% change · around the report
−3%0+3%Oct 29Nov 7report 9:14am ETearnings−2.7%−2.2%
−3%0+3%Oct 29Nov 7earnings−2.7%−2.2%
LECO −2.2%S&P 500 −2.7%
−3%0+3%Oct 29Nov 7report 9:14am ETearnings−4.1%−2.2%
−3%0+3%Oct 29Nov 7earnings−4.1%−2.2%
LECO −2.2%NASDAQ −4.1%
+0.68%
Day of report
−0.70%
Next session
−3.85%
One week
+0.57%
30 days

S&P 500 over the same 30 days: +0.25%.

Did LECO Beat Earnings? Q3 2025 Results

Yes. Lincoln Electric reported Q3 2025 earnings of $2.47 a share on Oct 30, 2025, beating the $2.42 consensus estimate by 1.9%. Revenue was $1.1B against a $1.1B estimate.

Lincoln Electric posted a clean beat across the board in Q3 2025, with adjusted earnings per share of $2.47 clearing the $2.42 consensus estimate by 1.95% and revenue of $1.06 billion edging past expectations by 0.89% while climbing 7.9% year-over-year. The headline results were underpinned by record cash generation, as operating cash flows reached $236.69 million, representing 149% cash conversion against adjusted net income, a level the company had never previously achieved. Organic sales growth of 5.6%, led by pricing gains of 7.8%, provided the core revenue lift, while a 1.7% contribution from acquisitions added incremental momentum; the company recently completed its full acquisition of Alloy Steel Australia, a deal expected to contribute $0.13 to $0.15 per diluted share annually. All three segments contributed positively, with the Harris Products Group leading the way at 14.8% sales growth. The Board capped the quarter by raising the quarterly dividend 5.3% to $0.79 per share, signaling confidence in sustained earnings power.

Key Takeaways
  • Organic sales growth of 5.6% driven by 7.8% pricing benefit partially offset by 2.2% volume decline
  • Acquisition contributions of 1.7% to net sales growth
  • Adjusted operating income margin expansion to 17.4%
  • Record cash flow generation with 149% cash conversion
  • Significant reduction in special item charges year-over-year

“We achieved strong quarterly results with an increase in profit margins, solid adjusted earnings growth, and record cash flow generation.”

Lincoln Electric CEO, on the earnings call

LECO YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$300.0M$600.0M$900.0M$983.8M$1.1BRevenue$355.4M$389.3MGross Profit$145.6M$176.7MOperating Income$100.8M$122.6MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income
LECO income statement, Q3 2025 versus Q3 2024
Metric Q3 2025 Q3 2024 Year over year
Revenue $1.1B $983.8M +7.9%
Gross Profit $389.3M $355.4M +9.5%
Operating Income $176.7M $145.6M +21.4%
Net Income $122.6M $100.8M +21.7%

LECO Revenue by Segment

Americas Welding$691.8M+8.6%
International Welding$219.6M+1.6%
The Harris Products Group$149.8M+14.8%

Figures from SEC filings and company reports. Not investment advice.