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Lincoln Electric (LECO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended June 2025, Lincoln Electric Holdings (LECO - Free Report) reported revenue of $1.09 billion, up 6.6% over the same period last year. EPS came in at $2.60, compared to $2.34 in the year-ago quarter.

The reported revenue represents a surprise of +4.48% over the Zacks Consensus Estimate of $1.04 billion. With the consensus EPS estimate being $2.32, the EPS surprise was +12.07%.

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- The Harris Products Group: $159.12 million versus $139.4 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +18.8% change.
  • Net Sales- International Welding: $232.82 million versus the five-analyst average estimate of $236.31 million. The reported number represents a year-over-year change of -2.5%.
  • Net Sales- Americas Welding: $696.73 million versus $669.32 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +7.4% change.
  • Total Sales- The Harris Products Group: $164.23 million compared to the $141.27 million average estimate based on four analysts. The reported number represents a change of +19.7% year over year.
  • Total Sales- International Welding: $240.47 million versus the four-analyst average estimate of $236.82 million. The reported number represents a year-over-year change of -2.9%.
  • Total Sales- Americas Welding: $740.12 million compared to the $705.94 million average estimate based on four analysts. The reported number represents a change of +7.8% year over year.
  • Inter-segment sales- Americas Welding: $43.39 million versus the three-analyst average estimate of $37.39 million. The reported number represents a year-over-year change of +14.8%.
  • Inter-segment sales- International Welding: $7.64 million versus $8.92 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -13.7% change.
  • Inter-segment sales- The Harris Products Group: $5.11 million compared to the $3.36 million average estimate based on three analysts. The reported number represents a change of +56.2% year over year.
  • Total Sales- Corporate and Elimination: $-56.14 million compared to the $-49.63 million average estimate based on three analysts. The reported number represents a change of +12.5% year over year.
  • Adjusted EBIT- Americas Welding: $137.92 million compared to the $132.12 million average estimate based on six analysts.
  • Adjusted EBIT- International Welding: $30.55 million versus the six-analyst average estimate of $25.77 million.

View all Key Company Metrics for Lincoln Electric here>>>

Shares of Lincoln Electric have returned +4.4% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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