Lincoln Electric Reports Strong Q3 2026 Results with Increased Sales Guidance
Lincoln Electric Holdings, Inc. (LECO) delivered a robust third quarter for 2026, reporting net sales of $1,221.3 million, a 15.1% increase year-over-year. The company's performance was characterized by an 8.8% volume growth, marking the first time in 30 months that volume outpaced price contributions. This strength was particularly evident in the Americas welding segment and general fabrication, which saw mid-20% organic growth driven by data center construction and HVAC demand. Despite the top-line success, gross profit margins compressed by 190 basis points to 34.8% due to unfavorable product mix and the timing of price increases relative to rising input costs. However, adjusted operating income margin expanded by 60 basis points to 18.0%. Management raised its full-year sales guidance to low-teens percent growth and increased annual capital expenditure projections to support its RISE strategy initiatives.
Tickers: $LECO
Topics: adjusted EPS automation revenue guidance upgrade net sales growth shareholder returns volume growth
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Part of the story Equinix Reports Strong Q3 2026 Results and Raises Full-Year Guidance (49 articles)