Q1 26 EPS
$2.50
Q1 26 Revenue
$1.12B
Did LECO Beat Earnings? Q1 2026 Results
Lincoln Electric Holdings delivered a strong start to fiscal 2026, posting first-quarter revenue of $1.12 billion, an 11.7% year-over-year increase, while adjusted earnings per share climbed to $2.50 from $2.16 in the prior year period. The headline … Read more Lincoln Electric Holdings delivered a strong start to fiscal 2026, posting first-quarter revenue of $1.12 billion, an 11.7% year-over-year increase, while adjusted earnings per share climbed to $2.50 from $2.16 in the prior year period. The headline growth was powered by a combination of 7.8% organic sales expansion, a 1.6% acquisition benefit, and 2.3% favorable foreign exchange tailwinds, with the Harris Products Group standing out as the quarter's brightest performer, surging 42.3% in revenue to $188.17 million on the back of substantial pricing gains. Operating income rose to $186.16 million at a 16.6% margin, up from $164.92 million a year ago, though cash flow from operations softened to $102.17 million as working capital builds in receivables and inventories consumed cash. The company returned $101.00 million to shareholders through dividends and buybacks during the quarter. CEO Steven Hedlund pointed to improving industrial activity in the Americas and the company's newly launched RISE long-term strategy as reasons for confidence, noting the team remains positioned to compound earnings through disciplined capital allocation.
Key Takeaways
- • Disciplined cost management
- • Improving industrial activity in the Americas
- • 7.8% organic sales growth
- • Strong price realization across segments, particularly 41.4% at Harris Products Group
- • 1.6% acquisition contribution
- • 2.3% favorable foreign exchange
LECO Forward Guidance & Outlook
CEO Steven Hedlund indicated the company is advancing its new long-term RISE strategy and is well positioned to capitalize on growth opportunities, increase profitability, and compound earnings from strategic initiatives and capital allocation strategy. The team remains agile navigating evolving operating conditions.
LECO YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
LECO Revenue by Segment
With YoY comparisons, source: SEC Filings
“We achieved solid first quarter performance driven by disciplined cost management and improving industrial activity in the Americas.”
— Steven B. Hedlund, Q1 2026 Earnings Press Release
LECO Earnings Trends
LECO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LECO EPS Trend
Earnings per share: estimate vs actual
LECO Revenue Trend
Quarterly revenue: estimate vs actual
LECO Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $2.50 | — | $1.12B | — |
| Q4 25 BEAT FY | $2.55 | $2.65 | +3.92% | $1.08B | -1.48% |
| FY Full Year | $9.75 | $9.87 | +1.22% | $4.23B | -0.38% |
| Q3 25 BEAT | $2.42 | $2.47 | +1.95% | $1.06B | +0.89% |
| Q2 25 BEAT | $2.31 | $2.60 | +12.41% | $1.09B | +4.48% |
| Q1 25 MISS | $2.23 | $2.16 | -3.16% | $1.00B | +2.49% |