Lincoln Electric reported Q3 2025 earnings, posting net income of $122.6 million and diluted earnings per share of $2.21. Sales rose 7.9% year‑over‑year to $1.061 billion, while operating income reached $176.7 million, or 16.6% of sales. Adjusted net income climbed to $137.2 million and adjusted EPS to $2.47, reflecting the company’s focus on cost control and margin improvement. The company also declared a quarterly cash dividend of $0.79 per share, a 5.3% increase from the prior dividend, payable January 15 2026.
In comparison, Q3 2024 net income was $100.8 million and diluted EPS was $1.77, indicating a 21.7% year‑over‑year increase. Q3 2024 sales were $983.8 million, and the operating income margin was 14.8%. Adjusted EPS in Q3 2024 was $2.14. Q2 2025 sales were $1.089 billion and adjusted EPS was $2.60, showing a slight decline in adjusted earnings from the previous quarter.
Segment performance highlighted strong results in Americas Welding and The Harris Products Group, while International Welding contributed modest growth. Organic sales grew 5.6% across the business, driven by higher demand in data‑center and industrial automation markets. A 1.7% contribution from acquisitions, including the recent purchase of the remaining 65% of Alloy Steel Australia, added to the top line.
Margin expansion was supported by pricing actions, cost‑control initiatives, and a favorable product mix. Management noted that a special item after‑tax net charge of $14.6 million, or $0.26 EPS, impacted GAAP EPS, while adjusted EPS benefited from the exclusion of this charge. The company’s disciplined cost‑savings playbook and operational agility were cited as key drivers of the improved operating margin.
Lincoln Electric’s strategy continues to focus on acquisitions, operational efficiencies, and a strong cash position. The company’s recent acquisition of Alloy Steel Australia is expected to close on August 1 2025, expanding its product offerings and geographic reach. The consistent dividend growth, now 30 consecutive years, underscores the company’s commitment to returning value to shareholders while maintaining a robust cash flow generation.
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