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Lincoln Electric reported record third-quarter sales of $1,221,000,000 and adjusted EPS of $2.98, up 21%. It expects full-year sales growth in the low teens percent range, fourth-quarter price-cost neutrality, and capital expenditure of $140 to $150 million.
Lincoln Electric Holdings, Inc. reported third-quarter net sales of $1,221,281, up 15.1%, and net income of $144,346, up 17.7%; operating income margin improved to 17.3% despite gross margin declining to 34.8%.
Lincoln Electric Holdings Inc reported third-quarter 2026 net sales increased 15.1% to $1,221 million, diluted EPS increased 19% to $2.63, and adjusted operating income margin rose to 18.0%. The Board declared a quarterly cash dividend of $0.87 per share.
Lincoln said broad industrial demand and automation were strengthening, automotive remained weak, price-cost neutrality was expected in the fourth quarter, and it planned to begin taking orders for its FabTech physical AI offering in the fourth quarter.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. Third-quarter sales rose 15.1% to $1,221.3 million, GAAP EPS increased 19% to $2.63, adjusted EPS increased 21% to a record $2.98, adjusted operating margin expanded to 18.0%, and management raised full-year sales-growth and capital-expenditure expectations. Record automation backlog, $216 million of operating cash flow, a 10.1% dividend increase and new Fabtech products were additional positives, while inflation-driven gross-margin pressure, International Welding weakness, Middle East disruption and Harris margin inefficiency remained headwinds.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| % Change | 12.9% | Nine Months Ended September 30 | — |
| Acquisitions | 37.06M | Nine Months Ended September 30 | — |
| Adjusted diluted earnings per share non-GAAP | $8.41 | Nine Months Ended September 30, 2026 | — |
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| Adjusted EBIT non-GAAP | 220M | Three Months Ended September 30, 2026 | — |
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| Adjusted effective tax rate non-GAAP | 22.3% | Nine Months Ended September 30, 2026 | — |
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| Adjusted net income non-GAAP | 463.31M | Nine Months Ended September 30, 2026 | — |
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| Adjusted net operating profit after taxes non-GAAP | 647.74M | Twelve Months Ended September 30, 2026 | — |
| Adjusted operating income non-GAAP | $633.1M | nine months ended September 30, 2026 | — |
| Adjusted return on invested capital non-GAAP | 23.9% | Twelve Months Ended September 30, 2026 | — |
| As a percent of net sales non-GAAP | 17.8% | Nine Months Ended September 30, 2026 | — |
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| Average operating working capital to Net sales | 16.6% | September 30, 2026 | — |
| Cash conversion non-GAAP | 99% | Nine Months Ended September 30, 2026 | — |
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| Cash flows from operations | 216M | Third Quarter 2026 | — |
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| Free cash flow non-GAAP | 459.87M | Nine Months Ended September 30, 2026 | — |
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| Organic sales non-GAAP | 10.9% | nine months ended September 30, 2026 | — |
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| Return on invested capital as reported | 22.7% | Twelve Months Ended September 30, 2026 | — |
| Returned to shareholders through dividends and share repurchases | 143M | Third Quarter 2026 | — |
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| Adjusted EBIT as a percent of sales non-GAAP | 18.4% | Three Months Ended June 30, 2026 filing | — |
| Adjusted EBIT as a percent of total sales non-GAAP | 17.7% | Six Months Ended June 30, 2026 | — |
| Capital expenditures | -$31.44M | Three Months Ended June 30, 2026 filing | — |
| Depreciation and amortization | $27.13M | Three Months Ended June 30, 2026 filing | — |
| Manufacturing and automation facilities | 71 | as of July 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LECO
this stock
Lincoln Electric Holdings Inc
|
$15.13B | +13.6% | +16.3% | 26.8 | 1.8% |
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SNA
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$18.82B | +6.3% | +0.9% | 19.0 | 7.2% |
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SWK
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|
$17.15B | +55.2% | -1.5% | 20.6 | 5.5% |
|
RBC
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$14.98B | +3.6% | +14.3% | 42.3 | 1.7% |
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TTC
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$9.95B | +33.5% | +4.5% | 28.1 | 4.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
Lincoln Electric Holdings, Inc. reported third-quarter net sales of $1,221,281, up 15.1%, and net income of $144,346, up 17.7%; operating income margin improved to 17.3% despite gross margin declining to 34.8%.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LECO | -4.3% | +5.2% | +4.3% | -1.7% | +13.6% |
| SPY | -4.7% | -5.3% | -0.8% | -3.0% | +7.5% |
| vs SPY | +0.4% | +10.5% | +5.1% | +1.3% | +6.1% |
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
