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Lincoln Electric (LECO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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Lincoln Electric Holdings (LECO - Free Report) reported $1 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 2.4%. EPS of $2.16 for the same period compares to $2.23 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $975.04 million, representing a surprise of +3.01%. The company delivered an EPS surprise of -2.70%, with the consensus EPS estimate being $2.22.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Lincoln Electric performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Sales- Americas Welding: $653.11 million compared to the $638.31 million average estimate based on five analysts. The reported number represents a change of +4.7% year over year.
  • Net Sales- International Welding: $219.06 million versus the five-analyst average estimate of $211.94 million. The reported number represents a year-over-year change of -7.1%.
  • Net Sales- The Harris Products Group: $132.22 million compared to the $128.73 million average estimate based on five analysts. The reported number represents a change of +9% year over year.
  • Total Sales- Americas Welding: $683.48 million versus $664.46 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.5% change.
  • Total Sales- International Welding: $225.89 million compared to the $217.34 million average estimate based on four analysts. The reported number represents a change of -7.5% year over year.
  • Total Sales- Corporate and Elimination: -$41.19 million versus the four-analyst average estimate of -$41.95 million. The reported number represents a year-over-year change of -0.7%.
  • Total Sales- The Harris Products Group: $136.20 million versus the four-analyst average estimate of $129.75 million. The reported number represents a year-over-year change of +9.5%.
  • Inter-segment sales- International Welding: $6.83 million compared to the $7.86 million average estimate based on three analysts. The reported number represents a change of -18.7% year over year.
  • Inter-segment sales- Americas Welding: $30.37 million versus $31.26 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change.
  • Inter-segment sales- The Harris Products Group: $3.98 million versus $3.15 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +28.8% change.
  • Adjusted EBIT- Americas Welding: $124.20 million versus the six-analyst average estimate of $135.15 million.
  • Adjusted EBIT- Corporate/Eliminations: -$1.65 million versus the six-analyst average estimate of -$5.89 million.
View all Key Company Metrics for Lincoln Electric here>>>

Shares of Lincoln Electric have returned -4.3% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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