Q4 25 EPS
$2.65
BEAT +3.92%
Est. $2.55
Q4 25 Revenue
$1.08B
MISS 1.48%
Est. $1.09B
vs S&P Since Q4 25
-16.1%
TRAILING MARKET
LECO -10.3% vs S&P +5.7%
Full Year 2025 Results
FY 25 EPS
$9.87
BEAT +1.22%
Est. $9.75
FY 25 Revenue
$4.23B
MISS 0.38%
Est. $4.25B
Market Reaction
Did LECO Beat Earnings? Q4 2025 Results
Lincoln Electric closed out a record-setting 2025 on a mixed but broadly encouraging note, delivering a Q4 adjusted earnings beat while falling just shy of revenue expectations. The Cleveland-based welding equipment maker posted adjusted EPS of $2.65… Read more Lincoln Electric closed out a record-setting 2025 on a mixed but broadly encouraging note, delivering a Q4 adjusted earnings beat while falling just shy of revenue expectations. The Cleveland-based welding equipment maker posted adjusted EPS of $2.65 for the fourth quarter, ahead of the $2.55 consensus estimate by 3.92%, even as net sales of $1.08 billion came in 1.48% below expectations. Revenue still grew 5.5% year-over-year, propelled by an 8.9% pricing gain across its core Americas Welding segment that more than absorbed a 6.4% consolidated volume decline, a dynamic that defined much of the company's year. The full-year picture was notably stronger, with adjusted EPS rising 6.2% to $9.87 and free cash flow reaching $534.20 million, enabling $507.00 million in total shareholder returns. Looking ahead, CEO Steven Hedlund's newly unveiled RISE strategy, which targets 2030 growth and margin expansion goals, has drawn cautious optimism from investors, with some analysts viewing the stock as meaningfully undervalued despite its multi-year share price appreciation.
Key Takeaways
- • Strong pricing gains of 8.9% consolidated in Q4 offsetting 6.4% volume declines
- • Organic sales growth of 2.5% for both Q4 and full year
- • Acquisition contributions of 1.1% in Q4 and 2.7% for the full year
- • Favorable foreign exchange impact of 1.9% in Q4
- • Record full-year adjusted EPS of $9.87 and record sales of $4.233 billion
- • Americas Welding adjusted EBIT margin expansion to 20.0% in Q4
LECO YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
LECO Revenue by Segment
With YoY comparisons, source: SEC Filings
“We finished the year with strong results and record sales, adjusted EPS and cash returns to shareholders in 2025.”
— Steven B. Hedlund, Q4 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% |