Lincoln Electric Holdings, Inc. (LECO) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

All lines have been placed on mute and this call is being recorded. It's my pleasure to introduce your host, Amanda Butler, Vice President of Investor Relations and Communications. Thank you and you may begin. Thank you, Janice, and good morning, everyone. Welcome to Lincoln Electric's third quarter 2025 conference call. We released our financial results earlier today, and you can find our release and this call's slide presentation at lincolnelectric.com in the investor relations section. Joining me on the call today is Steve Hedlund, our chairman, president, and chief executive officer, as well as Gabe Bruno, our chief financial officer. Following our prepared remarks, we're happy to take your questions. But before we start our discussion, please note that certain statements made during this call may be forward-looking, and actual results may differ materially from our expectations due to a number of risk factors and uncertainties, which are provided in our press release and in our SEC filings on Forms 10-K and 10-Q. In addition, we discussed financial measures that do not conform to U.S. GAAP. Reconciliation of non-GAAP measures to the most comparable GAAP measure is found in the financial tables in our earnings release, which again, you can find on our investor relations website at lincolnelectric.com. And with that, I'll turn the call over to Steve Hedlund. Steve? Thank you, Amanda. Good morning, everyone. Turning to slide three, we reported solid third quarter results this morning. Sales increased 8% driven by pricing, benefits from our M&A strategy, and resilient demand for short cycle portions of our product portfolio in the Americas Welding and Harris Product Group segments. While we are still navigating a period of challenged capital spending in our automati...