Lincoln Electric delivers double-digit sales growth in Q3
Key points
- Lincoln Electric Holdings (NASDAQ:LECO) reported third-quarter 2026 net sales of $1.221 billion, up 15.1% year over year, with organic sales increasing 14.5%.
- Diluted earnings per share rose 19% to $2.63, while adjusted earnings per share increased 21% to $2.98.
- Operating cash flow reached $216 million, with 107% cash conversion, and the company returned $143 million through dividends and share repurchases.
Lincoln Electric Holdings (NASDAQ:LECO) reported third-quarter 2026 net sales of $1.221 billion, up 15.1% year over year, while adjusted earnings per share increased 21% to $2.98.
Organic sales grew 14.5%, supported by higher sales volumes, while acquisitions contributed 0.5% and favorable foreign exchange added 0.1% to reported sales growth.
Operating income rose to $211.4 million from $176.7 million, lifting the operating margin to 17.3% from 16.6%, while adjusted operating income increased to $220 million and its margin reached 18%.
Net income increased to $144.3 million from $122.6 million, while diluted earnings per share rose to $2.63 from $2.21, including after-tax special-item charges of $19.3 million in the latest quarter.
Lincoln Electric generated $216 million in operating cash flow, achieved 107% cash conversion and returned $143 million to shareholders through dividends and share repurchases.
The company supplies welding equipment, consumables, cutting systems and automation solutions.
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