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Lincoln Electric Is Not Just a Welding Giant — Its Robotics Business Is Gaining Momentum!

Lincoln Electric Holdings Inc. reported record third-quarter financial results driven by broad-based organic sales growth across all operating segments and end markets, resulting in adjusted earnings per share of $2.98, a 21% increase year over year. Sales rose 15% to $1.221 billion, supported by a 9% volume increase—the first time in over two and a half years that volume growth outpaced pricing. However, gross profit margin contracted 190 basis points to 34.8%, reflecting a lag in pricing adjustments and elevated input costs, particularly linked to energy, logistics, and electronic components affected by AI data center demand. The company expects to reach price-cost neutrality by the fourth quarter, facilitated by price actions implemented during the quarter. Segment performance was mixed. Americas Welding saw 16% sales growth with strong volume gains across equipment, automation, and consumables, pushing adjusted EBIT margin up by 190 basis points to 20.1%.