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Lincoln Electric Holdings LECO Q2 2025 earnings

Reported July 31, 2025 · Before market open

Revenue$1.1BBeat by $46.8M
EPS$2.60Beat by $0.29
Revenue estimate$1.0B
EPS estimate$2.31

Next report

Jul 30, 2026 (Today)
Revenue estimate$1.2B
EPS estimate$2.81

Financials

Q2 2025

Income statement

See full
Revenue$1.1B+6.6%
Gross profit$405.5M+5.7%
Operating income$192.1M+29.1%
Net income$143.4M+41.0%
EPS (diluted)$2.56+44.6%

Balance sheet

See full
Cash & equivalents$299.5M+9.8%
Total debt$1.3B+12.9%
Total assets$3.7B+9.1%

Cash flow

See full
Operating cash flow$143.8M-15.7%
CapEx$25.4M+10.0%
Free cash flow$118.4M-19.8%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$11.51B+7.3%
Enterprise value$12.52B+7.8%
P/E22.9×+1.9×
P/S2.8×+0.2×

Profitability

See full
Gross margin36.4%0.0pp
Operating margin16.6%-0.3pp
Net margin12.3%-0.2pp
FCF margin12.3%-1.1pp

Returns & leverage

See full
Current ratio1.7×-0.4×

Segments

By segment

See full
Americas Welding$740.1M+7.8%
International Welding$240.5M-2.9%
Harris Products Group$164.2M+19.6%

By product

See full
Welding Consumables$594.6M+8.8%
Welding Equipment$494.0M+3.9%

By geography

See full
US$658.0M+11.8%

Versus estimates

Revenue

Q1 2026$1.1BBeat by $48.0MQ4 2025$1.1BMiss by $22.0MQ3 2025$1.1BMiss by $31.9M
Q2 2025$1.1BBeat by $46.8M
Q1 2025$1.0BBeat by $24.5MQ4 2024$1.0BBeat by $26.2M

Diluted EPS

Q1 2026$2.50Beat by $0.08Q4 2025$2.65Beat by $0.11Q3 2025$2.47Beat by $0.08
Q2 2025$2.60Beat by $0.29
Q1 2025$2.16Miss by $0.07Q4 2024$2.57Beat by $0.54

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Questions, answered.

When did Lincoln Electric Holdings report Q2 2025 earnings?
Lincoln Electric Holdings (LECO) reported Q2 2025 earnings on July 31, 2025 before market open.
What were Lincoln Electric Holdings's Q2 2025 revenue and EPS?
Lincoln Electric Holdings reported revenue of $1.1B and eps of $2.60 for Q2 2025.
Did Lincoln Electric Holdings beat estimates in Q2 2025?
Revenue beat the consensus estimate of $1.0B by $46.8M. EPS beat the consensus estimate of $2.31 by $0.29.
How did Lincoln Electric Holdings's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.6% from $1.0B a year earlier and eps grew 11.1% from $2.34.
Where can I find Lincoln Electric Holdings's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000059527-25-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.