Q2 2026 Lincoln Electric Holdings Inc Earnings Call Transcript

Jul 30, 2026 / 02:00 PM GMT

Release Date Price: $250.22 (-3.01%)

Transcript 10-Q8-K

Key Points

Positve

Second quarter marked a solid inflection in growth after nine quarters of compression, led by record performance in the Americas welding segment.
Consolidated organic sales increased 10% with volume growth across all three product areas, driven by higher demand in the Americas.
Record adjusted operating income margin, adjusted earnings per share, and cash flows were achieved in the quarter.
Capital spending improved, with equipment and automation volumes increasing mid single-digit percent, and automation sales reaching $29 million.
Strong cash generation with $254 million from operations, 138% cash conversion, and $120 million returned to shareholders.

Negative

International welding segment volumes compressed approximately 5% due to slowing demand in Europe and the Middle East conflict.
Gross profit margin compressed 50 basis points to 36.8% due to persistent inflation, unfavorable mix, and a $4.2 million LIFO charge.
The Middle East conflict is expected to create a $6-7 million quarterly sales headwind in the international segment.
Transportation sales declines narrowed but remained in the mid single-digit percent range due to lower factory production activity.
Europe remained challenged with persistently soft industrial trends, impacting overall international performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LECO.OQ - Lincoln Electric Holdings Inc
Q2 2026 Lincoln Electric Holdings Inc Earnings Call
Jul 30, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Lincoln Electric 20,262 quarter financial results conference call, this call is being recorded.

Pleasure to introduce your host, Amanda Butler, Vice President of Investor Relations and communications, thank you may begin.

Thank you, Mark.

Good morning, everyone.

Welcome to Lincoln Electric second quarter 6 conference call, we released our financial results earlier today, and you can find our release and this calls slide presentation at lincolnelectric.com in the investor relations section.

Joining on the call today is Steve Hedlund, and Chief Executive Officer, and Gabe Bruno, our Chief Financial Officer.

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