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Compared to Estimates, Lincoln Electric (LECO) Q1 Earnings: A Look at Key Metrics

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Lincoln Electric Holdings (LECO - Free Report) reported $1.12 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 11.7%. EPS of $2.50 for the same period compares to $2.16 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.07 billion, representing a surprise of +4.58%. The company delivered an EPS surprise of +3.52%, with the consensus EPS estimate being $2.42.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

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:
  • Total Sales- Corporate and Elimination: $-47.18 million versus the four-analyst average estimate of $-44.26 million. The reported number represents a year-over-year change of +14.6%.
  • Total Sales- Americas Welding: $742.93 million compared to the $731.49 million average estimate based on four analysts. The reported number represents a change of +8.7% year over year.
  • Net Sales- Americas Welding: $706.23 million compared to the $699.99 million average estimate based on four analysts. The reported number represents a change of +8.1% year over year.
  • Net Sales- International Welding: $227.04 million versus $234.52 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.
  • Total Sales- International Welding: $232.84 million compared to the $240.91 million average estimate based on four analysts. The reported number represents a change of +3.1% year over year.
  • Net Sales- The Harris Products Group: $188.17 million versus $150.81 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +42.3% change.
  • Total Sales- The Harris Products Group: $192.84 million versus the four-analyst average estimate of $153.31 million. The reported number represents a year-over-year change of +41.6%.
  • Inter-segment sales- The Harris Products Group: $4.66 million versus the three-analyst average estimate of $4.44 million. The reported number represents a year-over-year change of +17.1%.
  • Inter-segment sales- International Welding: $5.81 million versus $7.44 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -15% change.
  • Inter-segment sales- Americas Welding: $36.71 million compared to the $32.49 million average estimate based on three analysts. The reported number represents a change of +20.9% year over year.
  • Adjusted EBIT- Americas Welding: $127.47 million compared to the $136.06 million average estimate based on four analysts.
  • Adjusted EBIT- Corporate/Eliminations: $-1.4 million versus $-4.78 million estimated by four analysts on average.

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

Shares of Lincoln Electric have returned +3.1% over the past month versus the Zacks S&P 500 composite's +12.2% 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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