Lincoln Electric Holdings Inc. Reports 7.9% Increase in Net Sales

By Greg Peters • Thursday, October 30 15:37 • Permanent Link

Lincoln Electric Holdings Inc. has recently released its 10-Q report, providing a detailed insight into its financial performance. The company is a major player in the welding, cutting, and brazing products industry, operating in three segments: Americas Welding, International Welding, and The Harris Products Group. It offers a wide range of products and solutions, including welding equipment, consumables, and automated systems, serving various industries globally.

In the three months ended September 30, 2025, Lincoln Electric reported a 7.9% increase in net sales, reaching $1,061,227, compared to $983,759 in the same period in 2024. Gross profit as a percentage of sales increased by 0.9% during the same period. However, selling, general & administrative expenses also rose by 11.0%, and rationalization and asset impairment net charges increased by 71.2%. The company's operating income grew by 21.4% to $176,657, and net income rose by 21.7% to $122,628. Diluted earnings per share also increased by 24.9% to $2.21.

For the nine months ended September 30, 2025, Lincoln Electric reported a 5.6% increase in net sales, reaching $3,154,288, compared to $2,986,639 in the same period in 2024. Gross profit as a percentage of sales increased by 5.1% during this period. However, selling, general & administrative expenses increased by 3.5%, and rationalization and asset impairment net charges decreased by 76.2%. The company's operating income grew by 16.2% to $533,719, and net income rose by 18.0% to $384,511. Diluted earnings per share also increased by 20.8% to $6.86.

The company's segment results reveal that Americas Welding, International Welding, and The Harris Products Group all experienced changes in net sales due to various factors, including volume, price, acquisitions, and foreign exchange rates. Adjusted EBIT for the three months ended September 30, 2025, increased by 9.0% to $187,548, and for the nine months ended September 30, 2025, it decreased by 1.1% to $393,728.

Following these announcements, the company's shares moved -2.55%, and are now trading at a price of $234.51. Check out the company's full 10-Q submission here.

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