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Lincoln Electric (LECO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

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Lincoln Electric Holdings (LECO - Free Report) reported $1.22 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 15.1%. EPS of $2.98 for the same period compares to $2.47 a year ago.

The reported revenue represents a surprise of +3.97% over the Zacks Consensus Estimate of $1.17 billion. With the consensus EPS estimate being $2.81, the EPS surprise was +6.05%.

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:
  • Total Sales- The Harris Products Group: $197.09 million versus the five-analyst average estimate of $175.32 million. The reported number represents a year-over-year change of +28.6%.
  • Total Sales- International Welding: $233.41 million compared to the $233.58 million average estimate based on five analysts. The reported number represents a change of +1.7% year over year.
  • Total Sales- Americas Welding: $827.22 million versus the five-analyst average estimate of $805.28 million. The reported number represents a year-over-year change of +14.6%.
  • Net Sales- International Welding: $226.9 million versus the four-analyst average estimate of $225.06 million. The reported number represents a year-over-year change of +3.3%.
  • Net Sales- Americas Welding: $801.26 million versus the four-analyst average estimate of $776.16 million. The reported number represents a year-over-year change of +15.8%.
  • Total Sales- Corporate and Elimination: $-36.44 million versus the four-analyst average estimate of $-45.27 million. The reported number represents a year-over-year change of -15.9%.
  • Net Sales- The Harris Products Group: $193.11 million compared to the $168.3 million average estimate based on four analysts. The reported number represents a change of +28.9% year over year.
  • Inter-segment sales- The Harris Products Group: $3.98 million compared to the $3.97 million average estimate based on three analysts. The reported number represents a change of +15.6% year over year.
  • Inter-segment sales- Americas Welding: $25.96 million versus $31.66 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -13.6% change.
  • Inter-segment sales- International Welding: $6.5 million versus the three-analyst average estimate of $9.06 million. The reported number represents a year-over-year change of -33.9%.
  • Adjusted EBIT- Americas Welding: $166.55 million compared to the $158.15 million average estimate based on five analysts.
  • Adjusted EBIT- International Welding: $23.97 million versus $25.2 million estimated by five analysts on average.

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

Shares of Lincoln Electric have returned -4.6% over the past month versus the Zacks S&P 500 composite's -0.8% 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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