Lincoln Electric Holdings, Inc.
234.51-6.13 (-2.55%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · LECO · USD
Key Stats
Market Cap
12.94BP/E (TTM)
26.35Basic EPS (TTM)
8.90Dividend Yield
0.01%Recent Filings
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.
8-K
Q1 sales rise on acquisitions
Lincoln Electric Holdings reported first quarter 2025 net sales of $1,004 million, up 2.4% from prior year, driven by 4.9% acquisition gains but offset by 1.2% organic sales drop and 1.3% forex headwinds. Adjusted operating margin held at 16.9%, with EPS at $2.16; record $186 million operating cash flow fueled $150 million shareholder returns. Acquisitions boost growth, yet cycle caution lingers.
10-Q
Q1 FY2025 results
Lincoln Electric's Q1 revenue climbed 2.4% year-over-year to $1,004.4M, fueled by acquisitions and pricing, yet softer demand trimmed organic sales by 3.8%; equipment sales surged 6.7% while consumables dipped 1.3%. Gross margins slipped to 36.4% from 37.5%, hit by acquisition costs and LIFO charges, but operating income held steady at $164.9M (16.4% margin) thanks to lower SG&A. Diluted EPS fell 1.9% to $2.10 on higher interest and FX headwinds, confirmed against 56.5M shares. Cash flow from operations jumped 39% to $185.7M, yielding $158.7M free cash flow after $27.0M capex, with $394.7M cash bolstering $1.0B revolver availability against $1.3B debt. Acquisitions like Vanair and Inrotech, closed in 2024 for $152.3M net cash, added automation muscle. Tariffs pose a supply chain snag.
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