Lincoln Electric (LECO) Misses Q4 Revenue Outlook, EPS Beats by 4.2%

Lincoln Electric (NASDAQ:LECO) reported Q4 CY2025 revenue of $1.08B, up 5.5% year-on-year, but missed Wall Street estimates. Adjusted EPS of $2.65 surpassed the consensus by 4.2%. Organic revenue for the past two years averaged a 2% YoY decline, suggesting some growth came from acquisitions and foreign exchange. Sell-side analysts forecast 7.1% revenue growth over the next 12 months, while the company’s operating margin expanded 2.7 pp over five years to 17.1% in Q4, and its share count declined 8.1%. EPS grew 19% CAGR over five years, but two-year annual EPS growth slowed to 2.4% as the stock closed flat at $290.27.