The earnings call reflected a balanced outlook with strong financial performance in the second quarter, positive acquisition impacts, and effective cost management. However, challenges remain in volume declines, trade policy uncertainty affecting customer spending, and increased costs impacting margins.

Company Guidance -

Q3 2025

During the second quarter of 2025, Lincoln Electric reported strong financial performance, highlighted by a 7% sales growth driven by effective price management and improved volume performance in the Americas Welding and Harris Products Group segments. The company's adjusted earnings per share rose by 11% to $2.60, accompanied by a robust cash flow generation with over 100% cash conversion of free cash flow. Lincoln Electric maintained a top-quartile Return on Invested Capital (ROIC), supporting its disciplined capital allocation strategy. The company announced the acquisition of the remaining 65% interest in Alloy Steel, anticipated to be accretive to margins and earnings. Organic sales saw a 3% increase, while automation sales stabilized around $215 million per quarter. The Harris Products Group reported an 11% volume increase, with strong demand from HVAC sectors and a new retail partnership. Despite challenges in heavy industries, Lincoln Electric observed growth in three out of five end markets, driven largely by pricing actions. The second quarter also marked a $10 million LIFO charge, with expectations for similar charges in the second half of the year. Overall, Lincoln Electric's strategic initiatives and cost management actions have positioned the company for more profitable growth as market conditions improve.

Strong Second Quarter Results

Sales growth of 7% driven by price management, M&A strategy, and improved volume performance in the Americas Welding and Harris Products Group segments. Adjusted earnings per share increased by 11% to $2.60.

Successful Acquisition Strategy

Lincoln Electric announced the acquisition of the remaining 65% interest in Alloy Steel, expected to be accretive to margins and earnings on day one.

Positive Cash Flow and ROIC Performance

Year-to-date cash flow generation was strong with 100-plus percent cash conversion of free cash flow and top quartile ROIC performance.

Harris Products Group Volume Growth

Harris Products Group generated 11% higher volumes, driven by new product rollout for a national U.S. retail partner and ongoing strength in HVAC.

Raised Operating Framework Assumptions

Updated assumptions include low single-digit percent organic sales growth and increased expected sales growth from acquisitions.

Lincoln Electric Holdings (LECO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LECO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	2.40 / -	2.14	―	―	―
Jul 31, 2025	2025 (Q2)	2.31 / 2.60	2.34	11.11% (+0.26)
Apr 30, 2025	2025 (Q1)	2.23 / 2.16	2.23	-3.14% (-0.07)
Feb 13, 2025	2024 (Q4)	1.99 / 2.57	2.45	4.90% (+0.12)
Oct 31, 2024	2024 (Q3)	2.08 / 2.14	2.4	-10.83% (-0.26)
Jul 31, 2024	2024 (Q2)	2.29 / 2.34	2.44	-4.10% (-0.10)
Apr 25, 2024	2024 (Q1)	2.17 / 2.23	2.13	4.69% (+0.10)
Feb 15, 2024	2023 (Q4)	2.18 / 2.45	1.94	26.29% (+0.51)
Oct 27, 2023	2023 (Q3)	2.25 / 2.40	2.04	17.65% (+0.36)
Jul 27, 2023	2023 (Q2)	2.32 / 2.44	2.18	11.93% (+0.26)

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
Jul 31, 2025	$223.33	$243.50	+9.03%
Apr 30, 2025	$183.34	$175.57	-4.24%
Feb 13, 2025	$192.54	$212.20	+10.21%
Oct 31, 2024	$195.00	$190.35	-2.38%

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 (LECO) report earnings?

Lincoln Electric (LECO) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Lincoln Electric (LECO) earnings time?

Lincoln Electric (LECO) earnings time is at Oct 23, 2025, 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 2025 (Q3) is 2.4.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing