Key Highlights

  • The board declared a $0.79 quarterly Dividend on July 22, 2026, payable October 15 to holders of record September 30.
  • Second-quarter net sales increased 12.0% to $1,219.7 million from $1,088.7 million, with Organic Sales growth of 10.1%.
  • GAAP diluted EPS was $2.88, compared with $2.56, and adjusted diluted EPS, a non-GAAP measure, was $2.93, compared with $2.60.
  • Cash flows from operations were $254 million with 138% cash conversion, and $120 million was returned through dividends and repurchases.

Overview

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared a quarterly dividend of $0.79 per share on July 22, 2026, payable October 15 to holders of record on September 30. The dividend yields 1.16%. Second-quarter GAAP diluted EPS was $2.88, and adjusted diluted EPS, a non-GAAP measure, was $2.93.

Dividend Program and Shareholder Returns

The board declared a quarterly Cash Dividend of $0.79 per share on July 22, 2026, payable October 15 to shareholders of record on September 30. It trades ex-dividend on September 30. The company kept the quarterly dividend at $0.79.

The company's Cash Flow statement shows dividends paid of $0.79 per share in the second quarter of 2026, compared with $0.75 per share in the prior-year quarter. During the quarter, the company returned $120 million to shareholders through dividends and share repurchases. Each dividend remains subject to board approval.

About the Company

Lincoln Electric Holdings, Inc. designs and manufactures welding, cutting and automation products. It reports GAAP diluted EPS alongside adjusted diluted EPS, a non-GAAP measure, and it reports organic sales growth, Operating Income as a percentage of sales, and cash conversion.

Second-Quarter Sales, Operating Income and Earnings

Net sales were $1,219.7 million, compared with $1,088.7 million a year earlier, an increase of 12.0%. Organic sales growth was 10.1%.

Operating income was $220.6 million, or 18.1% of sales, compared with $192.1 million, or 17.6% of sales, in the second quarter of 2025. Adjusted operating income was 18.4% of sales.

GAAP diluted EPS was $2.88, compared with $2.56. Adjusted diluted EPS was $2.93, compared with $2.60. Net Income was $158,519 thousand, compared with $143,396 thousand, and adjusted operating income was $224,140 thousand, compared with $195,115 thousand.

Record Quarter, Segment Results and Capital Return

Chairman and chief executive Steven B. Hedlund said the company achieved record second-quarter results across key metrics including sales, operating income profitability, Earnings and cash generation.

He also cited improved Demand and capital spending in the Americas and Asia Pacific, and strong execution of the company's RISE Strategy initiatives. Cash flows from operations were $254 million, with cash conversion of 138%.

Net sales by segment were $774,438 thousand in Americas Welding, $243,292 thousand in International Welding and $201,933 thousand in Harris Products Group, compared with $696,730 thousand, $232,824 thousand and $159,119 thousand in the second quarter of 2025. Adjusted EBIT was $158,095 thousand, $26,595 thousand and $42,253 thousand, compared with $137,915 thousand, $30,550 thousand and $31,884 thousand.

At June 30, 2026, cash and cash equivalents were $242,443 thousand and total Debt was $1,150,054 thousand. Second-quarter share repurchases were $76,122 thousand, dividends paid were $43,395 thousand and capital expenditures were $31,437 thousand.

Outlook

Organic sales growth, operating income as a percentage of sales, cash conversion, capital spending demand in the Americas and Asia Pacific, and the board's quarterly declarations are the relevant considerations. Second-quarter results are the most recent reported period.