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Lincoln Electric Holdings (LECO)
NASDAQ:LECO
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.44Last Year’s EPS
2.16Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive outlook: management reported record full-year sales and adjusted EPS, strong cash generation and shareholder returns, permanent savings, top-quartile ROIC, and detailed an ambitious RISE strategy with clear 2030 targets. However, notable near-term challenges remain — volume declines (especially in automation and some international markets), gross margin compression in Q4, higher adjusted tax rate, elevated working capital, Q1 incentive cost pressure, and metal-price volatility. Management expects volume recovery to begin in the second quarter of 2026 and has confidence in automation orders/backlog and enterprise initiatives to drive margin expansion over the strategy period. On balance, the positive results, strong cash and capital return profile, and credible multi-year targets outweigh the current operational headwinds and cyclical softness.Company Guidance
Record Full-Year Results
2025 sales increased 6% to a record $4,200,000,000 (driven by acquisitions and price). Adjusted EPS rose to a record $9.87 and adjusted operating income margin was sustained at prior-year record levels.
Fourth Quarter Revenue Growth
Q4 sales rose 5.5% to $1,079,000,000 driven by 8.9% higher price, 1.9% favorable FX, and 1.1% benefit from acquisitions, partially offset by a 6.4% volume decline.
Strong Cash Flow and Capital Returns
Generated strong operating cash flows in 2025, returned $94,000,000 to shareholders in the quarter, invested $44,000,000 in growth capex during the quarter, and reported an adjusted ROIC of 21.3%.
Permanent Savings and Cost Management
Savings programs generated an incremental $31,000,000 of permanent savings in 2025 and disciplined cost management helped finish the year at a neutral price-cost target.
Segment Profitability Gains — Americas Welding & Harris
Americas Welding adjusted EBIT increased 7% to $141,000,000 with adjusted EBIT margin up 90 bps to 20%. Harris Products Group adjusted EBIT increased 8% to $23,000,000 despite volume pressure; Harris pricing rose 18% in Q4.
Encouraging Automation Order/Backlog Trends
Despite 2025 declines, automation had strong order rates and a solid backlog in Q4; management expects automation revenue to begin ramping in 2Q 2026 and projects potential mid-single-digit growth in automation.
Ambitious 2030 RISE Targets
Management introduced RISE strategy: target sales above $6,000,000,000 by 2030, average operating income margin ~19% across cycle with a peak >20%, incremental operating income margin in the high-20% range, EPS mid-teens CAGR, and >$3.7B operating cash flow through 2030.
Balanced Capital Allocation Framework
Plan to maintain balanced allocation: ~30% of net income to dividends, ~$75,000,000 per year in buybacks to offset dilution, and continued growth investments with target CapEx $110–$130,000,000 in 2026.
LECO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LECO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $290.50 | $296.14 | +1.94% |
Oct 30, 2025 | $234.51 | $236.10 | +0.68% |
Jul 31, 2025 | $222.62 | $242.72 | +9.03% |
Apr 30, 2025 | $182.75 | $175.01 | -4.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Lincoln Electric Holdings (LECO) report earnings?
Lincoln Electric Holdings (LECO) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Lincoln Electric Holdings (LECO) earnings time?
Lincoln Electric Holdings (LECO) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LECO EPS forecast?
LECO EPS forecast for the fiscal quarter 2026 (Q1) is 2.44.