Lincoln Electric (LECO) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Lincoln Electric published the results on October 27, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Lincoln Electric reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Segment figures are net sales to outside customers. Lincoln Electric's release also shows inter-segment sales, which are eliminated in the consolidated total.
• Lincoln Electric does not publish a revenue or EPS outlook in its earnings release.

Source: Lincoln Electric Q3 2026 results, October 27, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Lincoln Electric splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Lincoln Electric's Americas Welding revenue was $801 million in Q3 2026, up 16% from $692 million in Q3 2025, 66% of total revenue.
• Lincoln Electric's International Welding revenue was $227 million in Q3 2026, up 3% from $220 million in Q3 2025, 19% of total revenue.
• Lincoln Electric's The Harris Products Group revenue was $193 million in Q3 2026, up 29% from $150 million in Q3 2025, 16% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Lincoln Electric's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 27, 2026

Lincoln Electric's Q3 2026 net sales rose 15.1% to $1,221.3 million. Organic sales rose 14.5%, acquisitions added 0.5% and foreign exchange 0.1%. Volume contributed 8.8 points of growth and price 5.7 points, and the 10-Q says the price increases were due to higher input costs. (Lincoln Electric Q3 2026 release, Oct 27, 2026; Lincoln Electric Form 10-Q, Q3 2026, Oct 27, 2026)

Lincoln Electric reports three segments. Americas Welding, the welding operations in North and South America, had net sales of $801.3 million, up 15.8%, almost all of it from 13.2% higher volume. International Welding, covering Europe, Africa, Asia and Australia, grew 3.3% to $226.9 million, with volume down 1.4% and acquisitions adding 2.3%. (Lincoln Electric Q3 2026 release, Oct 27, 2026; Lincoln Electric Form 10-Q, Q3 2026, Oct 27, 2026)

The Harris Products Group, Lincoln Electric's cutting, soldering and brazing business plus specialty gas equipment and a U.S. retail business, grew 28.9% to $193.1 million. Price accounted for 25.7 points of that and volume for 3.0 points. (Lincoln Electric Q3 2026 release, Oct 27, 2026; Lincoln Electric Form 10-Q, Q3 2026, Oct 27, 2026)

By product line, consumables (welding, brazing and soldering filler metals) were $683.1 million of the quarter's sales, equipment $305.9 million and automation $232.3 million. About 10% of Lincoln Electric's consolidated net sales are recognized over time, mostly on automation contracts. (Lincoln Electric Form 10-Q, Q3 2026, Oct 27, 2026)

Lincoln Electric's GAAP diluted EPS was $2.63 and adjusted EPS $2.98. The $0.35 gap is special items: $7.9 million of rationalization and asset impairment net charges, mostly in Americas Welding and International Welding, $765 thousand of transaction costs, and a tax item. In the quarter Lincoln Electric decided certain foreign earnings may be repatriated and recognized about $13.0 million of related income tax expense. (Lincoln Electric Q3 2026 release, Oct 27, 2026; Lincoln Electric Form 10-Q, Q3 2026, Oct 27, 2026)

That tax charge lifted the reported effective tax rate to 27.8% from 26.1%; the adjusted rate was 21.6%, against 21.1%. Gross margin fell to 34.8% of sales from 36.7%, which the 10-Q puts down to higher input costs, while SG&A fell to 16.9% of sales from 19.5%. (Lincoln Electric Q3 2026 release, Oct 27, 2026; Lincoln Electric Form 10-Q, Q3 2026, Oct 27, 2026)

Diluted weighted average shares were 54.9 million, down from 55.6 million. Lincoln Electric bought back 370,836 shares under its program in the quarter at an average price of $266.34 and spent $99.4 million on treasury shares, returning $143 million to shareholders including dividends. (Lincoln Electric Q3 2026 release, Oct 27, 2026; Lincoln Electric Form 10-Q, Q3 2026, Oct 27, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Lincoln Electric does not give a revenue or EPS outlook in its Q3 2026 release. The forward figures it does state are a quarterly dividend raised 10.1% to $0.87 per share, payable January 15, 2027, and, in the 10-Q, anticipated 2026 capital expenditures of $140 million to $150 million. (Lincoln Electric Q3 2026 release, Oct 27, 2026; Lincoln Electric Form 10-Q, Q3 2026, Oct 27, 2026)

A consensus figure is the average of the models published by the analysts who cover Lincoln Electric, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Lincoln Electric's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning LECO is on is LECO a buy or a sell?, what analysts expect next is on the LECO forecast, and what the company does is on the Lincoln Electric (LECO) stock page.

Every number on this page can be traced to a document Lincoln Electric published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.