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Lincoln Electric Holdings LECO Americas Welding — D&A

Other segment segments

International Welding
$6.67M+21.6%
Harris Products Group
$2.59M-0.3%

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$4.94M-5.9%
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HYAmericas — D&A
$4.3M+4.9%

Other financials

Income statement

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Revenue$1.2B+12.0%
Gross profit$449.0M+10.7%
Operating income$220.6M+14.8%
Net income$158.5M+10.5%
EPS (diluted)$2.88+12.5%

Balance sheet

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Cash & equivalents$242.4M-19.0%
Total debt$1.2B-8.2%
Total equity$1.2B+32.6%
Total assets$3.8B+2.3%

Cash flow

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Operating cash flow$253.8M+76.4%
CapEx$31.4M+23.6%
Free cash flow$222.3M+87.8%

Valuation

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Market cap$15.23B+14.1%
Enterprise value$16.19B+12.7%
P/E27.5×+1.0×
P/S3.4×+0.1×

Profitability

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Gross margin36%-0.4pp
Operating margin17.1%+0.6pp
Net margin12.4%+0.1pp
FCF margin12.1%-0.2pp

Returns & leverage

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Return on equity46.3%-2.8pp
Debt / equity+0.1×
Current ratio+0.3×

Where this comes from

Reported directly by Lincoln Electric Holdings in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The source filing: Lincoln Electric Holdings’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 11:41 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000059527-26-000022
Three Months Ended June 30, 2026Americas / WeldingInternational / WeldingThe Harris / Products / GroupTotal
Segment Adjusted EBIT$158,095$26,595$42,253$226,943
Other Segment Information
Capital expenditures$(21,958)$(6,370)$(3,109)$(31,437)
Depreciation and amortization17,8686,6712,59027,129
Three Months Ended June 30, 2025
Net sales$696,730$232,824$159,119$1,088,673
Inter-segment sales43,3917,6415,11056,142
740,121240,465164,2291,144,815

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Lincoln Electric Holdings's americas welding — D&A?
Lincoln Electric Holdings (LECO) reported americas welding — D&A of $17.87M in Q2 2026.
How has Lincoln Electric Holdings's americas welding — D&A changed year-over-year?
Lincoln Electric Holdings's americas welding — D&A increased by 4.3% year-over-year, from $17.14M to $17.87M.
What is the long-term trend for Lincoln Electric Holdings's americas welding — D&A?
Over 4 years (2021 to 2025), Lincoln Electric Holdings's americas welding — D&A has grown at a 8.2% compound annual growth rate (CAGR), from $49.51M to $67.94M.
What does americas welding — D&A mean?
This represents the non-cash expense allocated to the Americas segment for the wear and tear of physical assets and the amortization of intangible assets over their useful lives. It is a key component in reconciling cash flow from operations.

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