LINCOLN ELECTRIC HOLDINGS INCLECOEarnings & Financial Report
Lincoln Electric Holdings, Inc. is an American multinational and global manufacturer of welding products, arc welding equipment, welding accessories, plasma and oxy-fuel cutting equipment and robotic welding systems headquartered in Euclid, Ohio. It has a network of distributors and sales offices covering more than 160 countries and 42 manufacturing locations in North America, Europe, the Middle East, Asia and Latin America. It also operates manufacturing alliances and joint ventures in 19 co...
Revenue
$1.0B
Gross Profit
$365.4M
Operating Profit
$164.9M
Net Profit
$118.5M
Gross Margin
36.4%
Operating Margin
16.4%
Net Margin
11.8%
YoY Growth
2.4%
EPS
$2.10
Financial Flow
LINCOLN ELECTRIC HOLDINGS INC Q1 2025 Financial Summary
LINCOLN ELECTRIC HOLDINGS INC reported revenue of $1.0B (up 2.4% YoY) for Q1 2025, with a net profit of $118.5M (down 4.0% YoY) (11.8% margin). Cost of goods sold was $638.9M, operating expenses totaled $200.5M.
Key Financial Metrics
| Total Revenue | $1.0B |
|---|---|
| Net Profit | $118.5M |
| Gross Margin | 36.4% |
| Operating Margin | 16.4% |
| Report Period | Q1 2025 |
Revenue Breakdown
LINCOLN ELECTRIC HOLDINGS INC Q1 2025 revenue of $1.0B breaks down across 3 segments, led by Americas Welding at $653.1M (65.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Americas Welding | $653.1M | 65.0% |
| International Welding | $219.1M | 21.8% |
| Harris Products Group | $132.2M | 13.2% |
LINCOLN ELECTRIC HOLDINGS INC Revenue by Segment — Quarterly Trend
LINCOLN ELECTRIC HOLDINGS INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Americas Welding and International Welding) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Americas Welding | $681.9M | $691.8M | $696.7M | $653.1M |
| International Welding | $259.4M | $219.6M | $232.8M | $219.1M |
| Harris Products Group | $137.4M | $149.8M | $159.1M | $132.2M |
LINCOLN ELECTRIC HOLDINGS INC Annual Revenue by Year
LINCOLN ELECTRIC HOLDINGS INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.2B |
| 2024 | $4.0B |
| 2023 | $4.2B |
| 2022 | $3.8B |
LINCOLN ELECTRIC HOLDINGS INC Quarterly Revenue & Net Profit History
LINCOLN ELECTRIC HOLDINGS INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $1.1B | +5.5% | $136.0M | 12.6% |
| Q3 2025 | $1.1B | +7.9% | $122.6M | 11.6% |
| Q2 2025 | $1.1B | +6.6% | $143.4M | 13.2% |
| Q1 2025 | $1.0B | +2.4% | $118.5M | 11.8% |
| Q4 2024 | $1.0B | -3.4% | $140.2M | 13.7% |
| Q3 2024 | $983.8M | -4.8% | $100.8M | 10.2% |
| Q2 2024 | $1.0B | -3.7% | $101.7M | 10.0% |
| Q1 2024 | $981.2M | -5.6% | $123.4M | 12.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $981.2M | $1.02B | $983.8M | $1.02B | $1.00B | $1.09B | $1.06B | $1.08B |
| YoY Growth | -5.6% | -3.7% | -4.8% | -3.4% | 2.4% | 6.6% | 7.9% | 5.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.38B | $3.42B | $3.66B | $3.52B | $3.63B | $3.73B | $3.82B | $3.78B |
| Liabilities | $2.07B | $2.10B | $2.33B | $2.19B | $2.28B | $2.35B | $2.40B | $2.31B |
| Equity | $1.31B | $1.31B | $1.34B | $1.33B | $1.34B | $1.38B | $1.41B | $1.47B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $133.3M | $170.7M | $199.2M | $95.8M | $185.7M | $143.8M | $236.7M | $95.0M |