Lincoln Electric Reports Third Quarter 2026 Results
Lincoln Electric reported Q3 2026 net sales of $1,221 million, up 15.1% year-over-year, led by 14.5% organic growth on volume gains of 8.8% and price of 5.7%. Adjusted EPS rose 21% to a record $2.98 (GAAP EPS $2.63), with adjusted operating margin expanding 60 bps to 18.0% despite inflationary headwinds. Cash flow from operations was $216 million with 107% cash conversion, and $143 million was returned to shareholders. The board also declared a quarterly dividend of $0.87 per share, a 10.1% increase.
Key figures
- Eps
- 2.63
- Revenue
- 1221281000
- Revenue Yoy
- 15.1%
- Net income
- 144346000
- Adjusted eps
- 2.98
- Adjusted roic
- 23.9%
- Cash conversion
- 107%
- Adjusted eps yoy
- 21%
- Nine month sales
- 3562378000
- Operating income
- 211376000
- Operating margin
- 17.3%
- Dividend per share
- 0.87
- Adjusted net income
- 163633000
- Operating cash flow
- 215757000
- Shareholder returns
- $143 million via dividends and buybacks
- Nine month sales yoy
- 12.9%
- Organic sales growth
- 14.5%
- Dividend increase pct
- 10.1%
- Adjusted operating income
- 220000000
- Adjusted operating margin
- 18.0%
AI analysis
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