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

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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:PensionExpenseReversalOfExpenseNoncash.

The source filing: Lincoln Electric Holdings’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 2:41 PM EST
Fiscal year
FY2025
Accession
0000059527-26-000006
(1)2025 special items within Other segment expenses primarily include Rationalization and asset impairment net charges of $9,838, $7,293 and $1,068 in Americas Welding, International Welding and The Harris Products Group, respectively, as discussed in Note 7. In addition, there was a pension settlement net charge of $647 in Americas Welding and $72 in International Welding. Special items within Cost of goods sold primarily include amortization of the step up in value of acquired inventories of $225 in Americas Welding and $3,739 in International Welding.

ITEM 16. FORM 10-K SUMMARY

FAQ

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?
Non-cash adjustments to pension-related expenses within the International Welding segment, often resulting from changes in actuarial assumptions or plan amendments. This represents a reversal of previously recognized costs.

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