Business
Lincoln Electric Reports Third Quarter 2025 Results
Third Quarter 2025 Highlights Net sales increase 7.9% to $1,061 million; organic sales increase 5.6% Operating income margin of 16.6%; Adjusted operating
About this update from Lincoln Electric Holdings, Inc.
[{"type":"text","content":"\nThird Quarter 2025 Highlights\n\n\n\nNet sales increase 7.9% to $1,061 million; organic sales increase 5.6%\n\n\n\nOperating income margin of 16.6%; Adjusted operating income margin of 17.4%\n\n\n\nEPS of $2.21; Adjusted EPS of $2.47\n\n\n\nCash flows from operations of $237 million; 149% cash conversion\n\n\n\nReturned $94 million to shareholders through dividends and share repurchases\n\n\n\n CLEVELAND--(BUSINESS WIRE)--\nLincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported third quarter 2025 net income of $122.6 million, or diluted earnings per share (EPS) of $2.21, which includes special item after-tax net charges of $14.6 million, or $0.26 EPS. This compares with prior year period net income of $100.8 million, or $1.77 EPS, which included special item after-tax net charges of $21.6 million, or $0.37 EPS. Excluding special items, third quarter 2025 adjusted net income was $137.2 million, or $2.47 adjusted EPS. This compares with adjusted net income of $122.4 million, or $2.14 adjusted EPS, in the prior year period.\n\n\nThird quarter 2025 sales increased 7.9% to $1,061.2 million primarily reflecting a 5.6% increase in organic sales and a 1.7% benefit from acquisitions. Operating income for the third quarter 2025 was $176.7 million, or 16.6% of sales. This compares with operating income of $145.6 million, or 14.8% of sales, in the prior year period. Excluding special items, adjusted operating income was $184.6 million, or 17.4% of sales, as compared with $169.8 million, or 17.3% of sales, in the prior year period.\n\n\n“We achieved strong quarterly results with an increase in profit margins, solid adjusted earnings growth, and record cash flow generation,” said Steven B. Hedlund, Chairman and Chief Executive Officer. “Focused execution, combined with growth investments and operating agility, position us well to outperform and generate superior value through the cycle.”\n\n\nNine Months 2025 Summary\n\n\nNet income for the nine months ended September 30, 2025 was $384.5 million, or $6.86 EPS, which includes special item after-tax net charges of $20.2 million, or $0.36 EPS. This compares with prior year period net income of $325.9 million, or $5.68 EPS, which included special item after-tax net charges of $59.4 million, or $1.04 EPS. Excluding special items, adjusted net income for the nine months end...