Q1 25 EPS
$2.16
MISS 3.16%
Est. $2.23
Q1 25 Revenue
$1.00B
BEAT +2.49%
Est. $980.0M
vs S&P Since Q1 25
+22.8%
BEATING MARKET
LECO +52.7% vs S&P +30.0%
Market Reaction
Did LECO Beat Earnings? Q1 2025 Results
Lincoln Electric delivered a split verdict in Q1 2025, beating revenue expectations while falling short on earnings, as margin compression weighed on profitability despite solid top-line momentum. Net sales climbed 2.4% year-over-year to $1.00 billio… Read more Lincoln Electric delivered a split verdict in Q1 2025, beating revenue expectations while falling short on earnings, as margin compression weighed on profitability despite solid top-line momentum. Net sales climbed 2.4% year-over-year to $1.00 billion, clearing the $979.96 million consensus estimate by 2.49%, yet adjusted EPS of $2.16 missed the $2.23 analyst estimate by 3.16%, slipping from $2.23 in the year-ago period. The earnings shortfall traced primarily to adjusted operating income margin contracting from 17.5% to 16.9%, a squeeze that overshadowed what was otherwise a constructive quarter. Notably, the company generated record first-quarter cash flow from operations of $185.69 million, reflecting 130% cash conversion, and returned $150.00 million to shareholders through buybacks and dividends. Growth was largely acquisition-driven, with organic sales declining 1.2% and foreign exchange creating an additional 1.3% headwind. CEO Steven Hedlund acknowledged the challenging environment, signaling the company is maintaining a cautious posture while integrating recent acquisitions to expand growth and margin performance over time.
Key Takeaways
- • 4.9% benefit from acquisitions driving top-line growth
- • Record first quarter cash flows from operations of $186 million with 130% cash conversion
- • Price increases of 2.6% consolidated partially offsetting volume declines of 3.8%
- • Harris Products Group delivered 9.5% price increases and 0.6% volume growth
- • Americas Welding benefited from 7.6% acquisition contribution
LECO YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
LECO Revenue by Segment
With YoY comparisons, source: SEC Filings
“We continued to execute well in the quarter with solid core operating results. We are continuing to invest in the business and are focused on integrating our acquisitions to expand growth and margin performance, while diligently managing costs and maintaining a cautious posture during this portion of the cycle.”
— Steven B. Hedlund, Q1 2025 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% |