Q2 25 EPS
$2.60
BEAT +12.41%
Est. $2.31
Q2 25 Revenue
$1.09B
BEAT +4.48%
Est. $1.04B
vs S&P Since Q2 25
-6.0%
TRAILING MARKET
LECO +9.9% vs S&P +15.9%
Market Reaction
Did LECO Beat Earnings? Q2 2025 Results
Lincoln Electric kicked off the back half of 2025 with a convincing second-quarter beat, posting adjusted EPS of $2.60 against a consensus estimate of $2.31, a 12.41% positive surprise that underscored the welding equipment maker's pricing discipline… Read more Lincoln Electric kicked off the back half of 2025 with a convincing second-quarter beat, posting adjusted EPS of $2.60 against a consensus estimate of $2.31, a 12.41% positive surprise that underscored the welding equipment maker's pricing discipline and operational efficiency. Revenue climbed 6.6% year-over-year to $1.09 billion, topping analyst expectations of $1.04 billion by 4.48%, with the upside driven by a mix of organic growth, acquisition contributions, and an adjusted operating income margin that expanded to 17.9% from 17.4% in the prior-year period. The standout segment was Harris Products Group, where sales surged 18.8% to $159.12 million on double-digit volume gains and price increases. Looking ahead, Lincoln Electric is adding strategic depth through its full acquisition of Alloy Steel Australia for approximately $90 million, a deal expected to close imminently and contribute $0.13 to $0.15 per diluted share annually, extending the company's reach into wear plate solutions for the Asia-Pacific mining sector as management eyes long-term margin expansion through the cycle.
Key Takeaways
- • 2.9% organic sales growth driven by 5.2% price improvement partially offset by 2.3% volume decline
- • 3.0% contribution from acquisitions
- • Adjusted operating income margin expansion to 17.9% from 17.4% YoY
- • Harris Products Group sales surged 18.8% with 11.0% volume growth and 7.4% price increases
- • Lower effective tax rate of 21.9% vs. 25.6% in prior year
- • Favorable foreign exchange impact of 0.7%
LECO YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
LECO Revenue by Segment
With YoY comparisons, source: SEC Filings
“I am pleased to report solid second quarter results, which demonstrate how we are effectively managing the business in a dynamic operating environment while positioning for long-term growth and margin expansion.”
— Steven B. Hedlund, Q2 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% |