Lincoln Electric Holdings (LECO)
NASDAQ:LECO
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.81Last Year’s EPS
2.6Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a generally positive operating quarter with record sales, double-digit EPS growth, strong performance from Harris, improving order trends in the Americas and a top‑quartile ROIC. However, notable headwinds include consolidated volume declines (especially in international automation), near-term price/cost timing gaps that compressed gross margin, a modest cash flow impact from higher inventories and regional uncertainty from the Middle East. Management has taken proactive pricing actions, is raising its sales guidance range (driven by price), and is cautiously optimistic about volume recovery in the back half of the year.Company Guidance
Record Quarterly Sales and Strong EPS Growth
Net sales increased ~12% to $1.121 billion (driven by ~10% higher price, ~2% FX translation and ~1.6% Alloy Steel acquisition benefit; offset by ~2.6% lower volumes). Reported diluted EPS rose 18% to $2.47 and adjusted EPS increased 16% to $2.50.
Adjusted Operating Income and Margin Stability
Adjusted operating income increased ~11.5% to $189 million. Adjusted operating income margin was held steady year-over-year at 16.9% with a 17% incremental margin despite inflationary pressure.
Americas Momentum and Pricing Actions
Americas Welding sales rose ~8% (driven by nearly 8% price). Volume declines narrowed to ~40 basis points in the quarter with improving order momentum and backlog in the Americas through April. New pricing actions announced to take effect in early May; expected to deliver ~150 basis points per quarter benefit starting in Q3. Americas Welding adjusted EBIT increased ~3% to $128 million; margin declined 100 bps to 17.2% but management expects mid-18% to mid-19% range for the remainder of the year.
Harris Products Group Outperformance
Harris sales increased 42%, led by 41% higher price to mitigate metal cost inflation. Adjusted EBIT increased ~68% to $41 million and margin improved 330 basis points to 21.2%. Segment achieved neutral price/cost in the quarter and is expected to operate in a ~19%-20% margin range at current metal prices.
Order and Backlog Improvement in Key Markets
Company reported accelerating equipment and automation order rates and backlog levels in the Americas through April. Three of five end markets were flat to higher organically; general fabrication grew in the high 30% range, and energy grew high teens in the Americas.
Capital Allocation, Cash Return and ROIC
Generated $102 million of cash from operations in Q1 (seasonally lower), invested $39 million in CapEx, and returned $101 million to shareholders via dividends and share repurchases. Adjusted ROIC remained at a top-quartile 21.5%.
Updated 2026 Net Sales Assumption Reflects Price Actions
Management raised its net sales growth assumption to high single-digit percent for 2026 (up from mid-single-digit) incorporating recently announced price actions; expects organic sales mix roughly 75% price (mid-single-digit) and 25% volume.
Operational Improvements and Strategic Initiatives
Launched global RISE strategy with early wins (elite customer program, new automated manufacturing line tripling productivity at a Harris facility, new center-led process innovation in consumables). Focus areas include sourcing, supply chain planning, SG&A productivity and automation investments to drive longer-term margin expansion.
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 |
|---|---|---|---|
Apr 30, 2026 | $257.51 | $265.00 | +2.91% |
Feb 12, 2026 | $289.56 | $295.18 | +1.94% |
Oct 30, 2025 | $232.99 | $234.57 | +0.68% |
Jul 31, 2025 | $221.18 | $241.15 | +9.03% |
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 Jul 23, 2026, Before Open (Confirmed).
What is Lincoln Electric Holdings (LECO) earnings time?
Lincoln Electric Holdings (LECO) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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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 (Q2) is 2.81.