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Lincoln Electric Holdings LECO International Welding — D&A

Other segment segments

Americas Welding
$17.87M+4.3%
Harris Products Group
$2.59M-0.3%

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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 international welding — D&A?
Lincoln Electric Holdings (LECO) reported international welding — D&A of $6.67M in Q2 2026.
How has Lincoln Electric Holdings's international welding — D&A changed year-over-year?
Lincoln Electric Holdings's international welding — D&A increased by 21.6% year-over-year, from $5.49M to $6.67M.
What is the long-term trend for Lincoln Electric Holdings's international welding — D&A?
Over 4 years (2021 to 2025), Lincoln Electric Holdings's international welding — D&A has grown at a -1.5% compound annual growth rate (CAGR), from $25M to $23.55M.
What does international welding — D&A mean?
This is the non-cash expense allocated to the International Welding segment to account for the wear and tear or expiration of its long-lived assets over time. It reflects the consumption of the segment's capital base. This metric is used to reconcile net income to cash flow and to understand the segment's asset replacement cycle.

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