Lincoln Electric Reports Q3 Earnings Surge Completes $862M Buyback

Lincoln Electric Holdings reported strong third-quarter 2025 financial results, with sales reaching approximately $1.06 billion, a 7.9% increase year-over-year, driven by higher pricing and acquisitions. Net income rose 21.7% to $122.6 million, supported by improved operational efficiency and favorable cost management, while adjusted earnings per share increased nearly 25%. The company completed an $862.22 million share buyback program initiated in 2020 and announced its 30th consecutive annual dividend increase. Despite challenges such as volume declines in certain regions and segments, Lincoln Electric saw positive trends in automation order rates and strong performance in segments like the Harris Products Group, which achieved a record EBIT margin. The company generated record cash flow with a 119% cash conversion ratio, reflecting operational strength and strategic initiatives aimed at future growth. However, caution remains due to cyclical industrial headwinds and exposure to slower core markets, although the outlook remains optimistic with expected revenue of $4.8 billion.