NASDAQ$LECO

Lincoln Electric Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Lincoln Electric Holdings Inc reported Q2 2025 results with net sales of $1.09 billion and net income of $143.4 million.

The company achieved net sales of $1,088.7 million in the second quarter, up 6.6% year-over-year, driven by pricing actions and acquisitions. Operating income rose to $192.1 million with improved margins after excluding special items. Net income increased 41% to $143.4 million, reflecting higher volumes in certain segments and effective cost management.

  • Q2 net sales reached $1.09 billion, a 6.6% increase from prior year primarily due to pricing and acquisitions.
  • Operating margin improved to 17.6% with Adjusted EBIT margin at 18.3%.
  • Net income grew 41% year-over-year to $143.4 million, or $2.56 diluted EPS.
  • Segment performance showed strength in Americas Welding and Harris Products Group offsetting softness in International Welding.

Headline financials

Total Revenue

$1.09B

Previous: $1.02B+6.6%
EPS (adj)

$2.56

Previous: $1.77+44.6%
Operating Margin

17.6%

Previous: 14.6%+20.9%
Net Income

$143M

Previous: $102M+41.0%
Operating Income

$192M

Previous: $149M+29.1%
Gross Profit

$406M

Previous: $384M+5.7%
Cash & Equivalents

$299M

Previous: $273M+9.8%
Total Assets

$3.73B

Previous: $3.42B+9.1%

Revenue & EPS history

Lincoln Electric · Revenue · Quarterly

$1.09B

Q2 2025+6.6%vs Q2 2024
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Lincoln Electric · $1.09B total across 3 segments · Q2 2025

  • Americas Welding
    $697M
  • International Welding
    $233M
  • The Harris Products Group
    $159M

Forward guidance

Company continues to monitor trade policies and tariffs while focusing on cost management and operational efficiency.

Tailwinds

  • Pricing actions offsetting input cost pressures
  • Acquisitions contributing to sales growth

Headwinds

  • Volume softness in International Welding segment
  • Impact of evolving tariff environment

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.2%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.8%

Avg return

30 days after

50%

34 / 68 earnings

Positive

+12.5%

Q3 2012

Best reaction

-10.3%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-1.1%+3.6%+0.4%
Q4 2025+1.9%-1.1%-11.0%
Q3 2025+0.8%-4.0%+2.1%
Q1 2025-4.2%-0.7%+5.2%
Q4 2024+10.2%+11.8%-1.8%
Q3 2024+2.3%+3.3%+10.8%
Q2 2024-6.0%-9.8%-8.4%
Q1 2024-3.2%-7.6%-14.8%
Q4 2023+7.9%+6.7%+7.3%
Q3 2023+3.8%+4.8%+16.5%
Q2 2023-2.4%-1.9%-8.6%
Q1 2023+7.5%+9.1%+11.3%
Q4 2022-6.9%-5.9%-7.1%
Q3 2022+1.8%+3.3%+7.7%
Q2 2022+5.8%+3.8%+5.4%
Q1 2022+5.0%+5.3%+5.9%
Q4 2021-3.2%-2.1%-3.5%
Q3 2021-1.1%+0.1%-2.6%
Q2 2021-0.4%+1.6%+0.7%
Q1 2021+2.7%+0.9%+1.7%
Q4 2020+0.2%-1.8%+6.2%
Q3 2020-2.6%-0.9%+11.2%
Q2 2020-1.2%-1.2%+6.3%
Q1 2020+6.5%+1.1%+13.0%
Q4 2019-2.2%-3.6%-19.6%
Q3 2019-5.0%-0.3%-2.2%
Q2 2019+5.5%+2.0%-2.7%
Q1 2019-4.6%-4.4%-13.4%
Q4 2018-2.0%-1.9%-6.4%
Q3 2018-1.2%+2.3%+5.3%
Q2 2018-1.6%+0.0%+0.7%
Q1 2018-7.6%-9.1%-3.6%
Q4 2017+4.9%+2.4%+4.7%
Q3 2017-8.2%-7.8%-11.2%
Q2 2017-7.4%-7.2%-8.7%
Q1 2017+4.8%+5.4%+4.9%
Q4 2016+2.4%+2.1%+4.9%
Q3 2016+3.2%+4.3%+19.6%
Q2 2016+1.9%+0.8%+4.2%
Q1 2016+3.0%
Q4 2015-5.7%
Q3 2015+2.5%
Q2 2015+2.6%
Q1 2015+1.8%
Q4 2014-2.9%
Q3 2014+3.5%
Q2 2014+4.9%
Q1 2014-4.4%
Q4 2013+3.8%
Q3 2013+5.2%
Q2 2013-3.5%
Q1 2013+1.8%
Q4 2012+1.9%
Q3 2012+12.5%
Q2 2012-10.3%
Q1 2012+1.8%
Q4 2011+0.1%
Q3 2011-3.3%
Q2 2011-1.8%
Q1 2011-2.1%
Q1 2010-2.1%
Q4 2008-0.4%
Q4 2010-0.4%
Q3 2009+0.3%
Q3 2010+0.3%
Q2 2010-1.1%
Q4 2009-1.1%
Q2 2009-1.1%

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