Lincoln Electric (NASDAQ:LECO) Announces Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Lincoln Electric (NASDAQ:LECO) posted its quarterly earnings data on Thursday. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.12, Briefing.com reports. Lincoln Electric had a return on equity of 39.33% and a net margin of 12.38%.The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.60 EPS.

Here are the key takeaways from Lincoln Electric’s conference call:

• Raised full-year sales outlook: Lincoln Electric now expects low-double-digit net sales growth, with organic growth in the high-single-digit to low-double-digit range, supported by stronger Americas demand, incoming orders, and a record backlog.
• Second-quarter sales rose 12% to $1.22 billion, while adjusted EPS increased 13% to $2.93. Adjusted operating margin improved 50 basis points to 18.4%, reflecting volume leverage and an improving price-cost position.
• Americas Welding showed broad-based momentum, including 7% volume growth and high-teens equipment sales growth. Management also cited accelerating automation demand, strong quoting activity, and customer investment in productivity and capacity.
• International Welding remains pressured by weak European industrial activity and an expected $6 million-$7 million quarterly headwind from the resumption of Middle East conflict; full-year segment margins are now expected at 10%-11%.
• Price-cost performance ended the quarter with a 10-basis-point headwind, but management expects pricing actions to deliver neutrality in the second half. Persistent inflation, commodity volatility, evolving trade policies, and a projected $10 million full-year LIFO headwind remain risks.

Lincoln Electric Stock Down 3.0%

Shares of NASDAQ:LECO traded down $7.77 during trading on Thursday, hitting $250.22. 840,861 shares of the company’s stock traded hands, compared to its average volume of 321,901. The company has a 50-day moving average price of $259.87 and a 200-day moving average price of $263.70. Lincoln Electric has a 52 week low of $216.22 and a 52 week high of $310.00. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 0.76. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20.

Lincoln Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.3%. Lincoln Electric’s dividend payout ratio (DPR) is currently 32.61%.

Trending Headlines about Lincoln Electric

Here are the key news stories impacting Lincoln Electric this week:

• Positive Sentiment: Q2 earnings exceeded expectations: Lincoln Electric reported adjusted earnings of $2.93 per share, above the consensus estimate of $2.81 and up from $2.60 a year earlier. Lincoln Electric: Q2 Earnings Snapshot
• Positive Sentiment: Sales and cash generation were strong: The company reported record quarterly sales, profitability, earnings, and cash flows. Revenue increased 12% year over year and exceeded Wall Street expectations, indicating continued demand for Lincoln Electric’s industrial products. Lincoln Electric Reports Second Quarter 2026 Results
• Positive Sentiment: Profitability remained robust: Lincoln Electric posted a 12.38% net margin and 39.33% return on equity, supporting the company’s strong operating profile. Lincoln Electric Earnings Results
• Neutral Sentiment: Management’s earnings call and analyst coverage provided additional detail on the quarter, but the supplied reports do not identify a major change to full-year guidance. Analysts currently expect approximately $10.85 in full-year EPS. Lincoln Electric Q2 2026 Earnings Call Transcript
• Negative Sentiment: The stock’s reaction was unfavorable: Shares traded below both their 50-day and 200-day moving averages, while trading volume was substantially above average. With LECO valued at roughly 25.8 times earnings, investors may have viewed the strong results as insufficient to justify the existing valuation or may have been disappointed by forward-looking commentary not captured in the headline figures.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Lincoln Electric from $250.00 to $253.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. Stifel Nicolaus set a $275.00 price target on shares of Lincoln Electric in a research note on Friday, May 1st. DA Davidson assumed coverage on shares of Lincoln Electric in a report on Tuesday, June 16th. They issued a “buy” rating and a $320.00 price objective on the stock. Wall Street Zen cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Weiss Ratings raised shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 10th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $299.38.

Insider Buying and Selling

In other Lincoln Electric news, EVP Michael J. Whitehead sold 845 shares of Lincoln Electric stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total value of $232,214.45. Following the transaction, the executive vice president owned 9,319 shares of the company’s stock, valued at approximately $2,560,954.39. The trade was a 8.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.68% of the company’s stock.

Institutional Investors Weigh In On Lincoln Electric

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Compound Planning Inc. lifted its position in Lincoln Electric by 27.9% in the 4th quarter. Compound Planning Inc. now owns 1,882 shares of the industrial products company’s stock valued at $451,000 after acquiring an additional 410 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Lincoln Electric by 7,838.2% during the 4th quarter. Corient Private Wealth LLC now owns 186,944 shares of the industrial products company’s stock worth $44,799,000 after purchasing an additional 184,589 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Lincoln Electric by 64.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,901 shares of the industrial products company’s stock valued at $3,571,000 after purchasing an additional 5,861 shares during the period. Vident Advisory LLC raised its stake in shares of Lincoln Electric by 121.3% in the 4th quarter. Vident Advisory LLC now owns 2,392 shares of the industrial products company’s stock valued at $573,000 after purchasing an additional 1,311 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in shares of Lincoln Electric in the fourth quarter valued at about $235,000. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.