Lincoln Electric Strengthens Competitive Edge Through Robust Consumables & HVAC Momentum; What’s Next?

Lincoln Electric delivered a solid financial performance in the third quarter of 2025, highlighting the mixed results across its various segments and geographic markets. The company reported an 8% increase in revenues, driven primarily by pricing strategies, acquisitions, and robust demand in several of its markets, particularly in the Americas Welding and Harris Products Group segments. Despite these positives, the company continues to face challenging conditions in its automation portfolio and sluggish demand in the EMEA region. On the positive side, Lincoln Electric managed to enhance its gross profit margin, up by 90 basis points to 36.7%, thanks to effective cost management and operational efficiencies. These efforts led to a 15% increase in adjusted earnings per share and strong cash flow generation with a 149% cash conversion rate.