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Lincoln Electric Holdings LECO International Welding — Restructuring Reserve

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Americas Welding
$687K-6.3%
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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:RestructuringReserve.

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
Line itemAmericas / WeldingInternational / WeldingThe Harris Products / GroupConsolidated
Balance at December 31, 2025$944$5,713$428$7,085
Payments and other adjustments(1,842)(6,932)(422)(9,196)
Charged to expense1,5854,05455,644
Balance at June 30, 2026$687$2,835$11$3,533

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Lincoln Electric Holdings's international welding — restructuring reserve?
Lincoln Electric Holdings (LECO) reported international welding — restructuring reserve of $2.84M in Q2 2026.
How has Lincoln Electric Holdings's international welding — restructuring reserve changed year-over-year?
Lincoln Electric Holdings's international welding — restructuring reserve decreased by 49.2% year-over-year, from $5.58M to $2.84M.
What is the long-term trend for Lincoln Electric Holdings's international welding — restructuring reserve?
Over 4 years (2021 to 2025), Lincoln Electric Holdings's international welding — restructuring reserve has grown at a -11.3% compound annual growth rate (CAGR), from $35.29M to $21.87M.
What does international welding — restructuring reserve mean?
This represents the liability balance set aside by the International Welding segment to cover future cash outflows related to previously announced restructuring plans. It tracks the remaining obligations for severance, lease terminations, and other exit costs. It serves as an indicator of the timing and magnitude of future cash payments for restructuring activities.

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