Q1 26 EPS
$2.50
BEAT +2.86%
Est. $2.43
Q1 26 Revenue
$1.12B
BEAT +4.47%
Est. $1.07B
Did LECO Beat Earnings? Q1 2026 Results
Lincoln Electric Holdings delivered a strong start to fiscal 2026, posting first-quarter revenue of $1.12 billion, an 11.7% year-over-year increase, while adjusted earnings per share climbed to $2.50 from $2.16 in the prior year period. The headline … Read more Lincoln Electric Holdings delivered a strong start to fiscal 2026, posting first-quarter revenue of $1.12 billion, an 11.7% year-over-year increase, while adjusted earnings per share climbed to $2.50 from $2.16 in the prior year period. The headline growth was powered by a combination of 7.8% organic sales expansion, a 1.6% acquisition benefit, and 2.3% favorable foreign exchange tailwinds, with the Harris Products Group standing out as the quarter's brightest performer, surging 42.3% in revenue to $188.17 million on the back of substantial pricing gains. Operating income rose to $186.16 million at a 16.6% margin, up from $164.92 million a year ago, though cash flow from operations softened to $102.17 million as working capital builds in receivables and inventories consumed cash. The company returned $101.00 million to shareholders through dividends and buybacks during the quarter. CEO Steven Hedlund pointed to improving industrial activity in the Americas and the company's newly launched RISE long-term strategy as reasons for confidence, noting the team remains positioned to compound earnings through disciplined capital allocation.
Key Takeaways
- • Disciplined cost management
- • Improving industrial activity in the Americas
- • 7.8% organic sales growth
- • Strong price realization across segments, particularly 41.4% at Harris Products Group
- • 1.6% acquisition contribution
- • 2.3% favorable foreign exchange
LECO YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
LECO Revenue by Segment
With YoY comparisons, source: SEC Filings
“We achieved solid first quarter performance driven by disciplined cost management and improving industrial activity in the Americas.”
— Steven B. Hedlund, Q1 2026 Earnings Press Release
LECO Earnings Trends
LECO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LECO EPS Trend
Earnings per share: estimate vs actual
LECO Revenue Trend
Quarterly revenue: estimate vs actual
LECO Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | $2.81 | — | — | — | — |
| Q1 26 BEAT | $2.43 | $2.50 | +2.86% | $1.12B | +4.47% |
| Q4 25 BEAT FY | $2.54 | $2.65 | +4.23% | $1.08B | -2.01% |
| FY Full Year | $9.75 | $9.87 | +1.22% | $4.23B | -0.38% |
| Q3 25 BEAT | $2.42 | $2.47 | +1.95% | $1.06B | +0.89% |
| Q2 25 BEAT | $2.31 | $2.60 | +12.41% | $1.09B | +4.48% |
| Q1 25 MISS | $2.23 | $2.16 | -3.16% | $1.00B | +2.49% |