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Lincoln Electric Holdings LECO International Welding — Pension Expense Reversal Of Expense Noncash

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LIIConsolidation Eliminations — Pension And Other Postretirement Benefit Expense
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BWXTRecognition Of Gains Losses For Pension And Postretirement Plans
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ALLENon Us — Other Comprehensive Income Loss Pension And Other Postretirement Benefits Settlements And Curtailments Reclassified To Earnings
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ALLENon Us — Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
-$1.2M+68.8%

Other financials

Income statement

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Revenue$1.1B+11.7%
Gross profit$399.1M+9.2%
Operating income$186.2M+12.9%
Net income$136.4M+15.1%
EPS (diluted)$2.47+17.6%

Balance sheet

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Cash & equivalents$298.9M-24.3%
Total debt$1.4B+4.0%
Total equity$1.2B+32.6%
Total assets$3.9B+7.6%

Cash flow

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Operating cash flow$102.2M-45.0%
CapEx$39.2M+45.3%
Free cash flow$63.0M-60.3%

Valuation

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Market cap$15.08B+28.8%
Enterprise value$16.14B+27.8%
P/E28×+2.6×
P/S3.5×+0.6×

Profitability

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Gross margin36%-0.4pp
Operating margin17%+1.2pp
Net margin12.4%+0.9pp

Returns & leverage

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Return on equity46.3%-2.8pp
Debt / equity+0.1×
Current ratio1.8×0.0×

Where this comes from

Reported directly by Lincoln Electric Holdings in its filing.

Tagged under the XBRL concept us-gaap:PensionExpenseReversalOfExpenseNoncash.

The official record: Lincoln Electric Holdings’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lincoln Electric Holdings's international welding — pension expense reversal of expense noncash?
Lincoln Electric Holdings (LECO) reported international welding — pension expense reversal of expense noncash of $18K in Q4 2025.
How has Lincoln Electric Holdings's international welding — pension expense reversal of expense noncash changed year-over-year?
Lincoln Electric Holdings's international welding — pension expense reversal of expense noncash increased by 117.4% year-over-year, from -$103.25K to $18K.
What is the long-term trend for Lincoln Electric Holdings's international welding — pension expense reversal of expense noncash?
Over 3 years (2021 to 2025), Lincoln Electric Holdings's international welding — pension expense reversal of expense noncash has grown at a -45.5% compound annual growth rate (CAGR), from $446K to $72K.
What does international welding — pension expense reversal of expense noncash mean?
A non-cash accounting adjustment that reduces previously recorded pension expenses.
How do you interpret international welding — pension expense reversal of expense noncash?
A reversal acts as a credit to earnings, improving segment profitability without a direct cash impact.
How does international welding — pension expense reversal of expense noncash compare across companies?
Common in companies with legacy defined benefit pension plans.