LECO
Lincoln Electric Holdings, Inc.243.46
-0.78-0.32%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
13.44BP/E (TTM)
26.12Basic EPS (TTM)
9.32Dividend Yield
0.01%Recent Filings
10-Q
8-K
8-K
New executive severance plan adopted
Lincoln Electric Holdings adopted the Executive Severance Plan on October 15, 2025, effective November 1, replacing prior change-in-control agreements for senior executives including CEO Steven Hedlund. It offers tiered benefits for involuntary terminations: pre-CIC cash severance multiples of 2 for CEO, 1 for Tier 2, and 0.75 for Tier 3, paid over 24, 12, or 9 months, plus prorated bonuses and COBRA coverage. Post-CIC, enhanced multiples rise to 3, 2, and 1 in lump sums, with outplacement up to $30,000. This modernizes retention amid uncertainty, yet ties payouts to releases and covenants.
10-Q
Q2 FY2025 results
Lincoln Electric's Q2 sales climbed 6.6% year-over-year to $1,088.7M, fueled by pricing actions offsetting softer equipment volumes, while acquisitions added 3.0%. Gross margins held steady at 37.3%, but operating income surged 29.1% to $192.1M on lower rationalization charges versus last year's Russian exit. Diluted EPS rose 44.6% to $2.56, reconciling cleanly with 56.0M shares. Operating cash flow hit $329.5M year-to-date, funding $32.3M in buys like a 35% stake in Alloy Steel Australia (full buyout pending August 2025 for $90M cash); free cash flow stood at $277.1M (derived). Total debt remained $1.26B with $1B revolver availability, no covenant issues. Acquisitions bolster automation and mining plays. Yet tariffs from U.S. trade policies pose pricing risks.
8-K
Q2 sales up 6.6%, Alloy Steel buy
Lincoln Electric Holdings beat expectations in Q2 2025, posting net sales of $1,089 million, up 6.6% from last year, driven by 2.9% organic growth and 3.0% from acquisitions, while adjusted operating margin edged to 17.9%. Net income hit $143.4 million, or $2.56 EPS, with adjusted EPS at $2.60. The company inked a $90 million deal to snag full control of Alloy Steel Australia, closing August 1, boosting mining tech in its International Welding segment. Solid cash flow fuels shareholder returns. Acquisitions add earnings punch.
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