Financial Data and Key Metrics Changes - The company reported a 7% sales growth in Q2 2025, driven by price management, M&A strategy, and improved volume performance [4][5] - Adjusted earnings per share increased by 11% to $2.60, with year-to-date cash flow generation exceeding 100% cash conversion of free cash flow [5][6] - Gross profit dollars rose approximately 6% to $406 million, with a gross profit margin of 37.3%, down 30 basis points year-over-year [12] - Reported operating income increased by 29%, while adjusted operating income rose approximately 10% to $195 million, with an adjusted operating income margin of 17.9% [13][14] Business Line Data and Key Metrics Changes - Americas Welding sales increased approximately 7%, driven by a 6.5% price increase and a 5% contribution from the Vanair acquisition, despite a 3% decline in volumes [14][15] - International Welding segment sales declined 2.5%, with a 4% favorable foreign exchange impact offset by a 7% drop in volumes; adjusted EBIT increased approximately 19% to $31 million [17] - Harris Products Group saw a 19% increase in sales, with 11% higher volumes and 7% higher prices, leading to a 28% increase in adjusted EBIT to $32 million [18][19] Market Data and Key Metrics Changes - Three of five end markets experienced growth, primarily driven by price increases, with notable strength in general industries and energy sectors [9][10] - Heavy industries faced challenges but showed incremental improvement, while agricultural machinery OEMs are expected to recover in 2026 [10] - Construction infrastructure remained inconsistent, but organic sales were steady in the first half of the year [10] Company Strategy and Development Direction - The company is focused on maintaining a neutral price-cost position while pursuing operational initiatives to offset inflation [22] - The acquisition of Alloy Steel is expected to enhance margins and earnings immediately upon closing, with plans to scale their solutions into new markets [6][22] - The company aims to achieve approximately $60 million in savings from a six-quarter program, with a balanced mix of temporary and permanent savings [23][24] Management's Comments on Operating Environment and Future Outlook - Management noted that customers are deferring capital spending due to policy uncertainty, impacting equipment and automation portfolios [7][9] - July order trends have held steady, with strength observed in general industries, while heavy industries remain cautious [27][28] - The company expects low single-digit organic sales growth for the full year, with acquisitions contributing approximately 270 basis points to sales growth [22][24] Other Important Information - The company maintained a solid adjusted return on invested capital of 21.7% and returned $169 million to shareholders through dividends and share repurchases [20][21] - The company anticipates a steady adjusted operating income margin for the full year, reflecting a high teens percent incremental margin [24] Q&A Session Summary Question: Trends in customer demand and orders - Management observed that July order trends are holding, with strength in general industries and cautiousness in heavy industries [27][28] Question: Dynamics in the Harris segment volume - The volume uplift in the Harris segment was driven by initial inventory stocking for a new retail partner, with underlying organic demand remaining flat [29][30] Question: Impact of tariff certainty on customer behavior - Management indicated that clarity around tariff rates is expected to alleviate the wait-and-see attitude among customers regarding capital investments [32] Question: Automation quoting activity and demand inflection - The quoting activity is strong, but customers are cautious due to uncertainties in trade policy, impacting their investment decisions [36][37] Question: Comments on consumables volume versus price - Pricing on consumables is higher than on equipment, with volumes holding steady, indicating resilience in the market [58][59] Question: Expectations for pricing in Q3 - The company expects an additional 200 basis points of pricing impact in Q3 due to actions taken in Q2, while monitoring trade actions for further adjustments [62][63] Question: Incentive compensation programs - The reinstatement of merit increases was based on better-than-expected volume performance and a more stable market environment [68][70]

Financial Performance Highlights - Net sales reached $1088.7 million, a 6.6% increase compared to the previous year's $1021.7 million[13] - Organic sales grew by 2.9%[8] - Adjusted operating income margin improved to 17.9%, a 50 bps increase year-over-year[8] - Adjusted EPS increased to $2.60, an 11.1% rise from the prior year's $2.34[9, 13] - Cash flow from operations was $144 million, a 16% decrease compared to the previous year[8] Segment Performance - Americas Welding segment net sales increased by 7.4% to $696.7 million[15] - International Welding segment net sales decreased by 2.5% to $232.8 million[18] - The Harris Products Group net sales increased by 18.8% to $159.1 million[21] Sales Mix and End Market Performance - Overall sales growth was driven by price increases of 5.2%, offset by a volume decrease of 2.3%[14] - General Industries saw high single-digit percent growth, while Heavy Industries experienced a low-teens percent decrease[11] Capital Allocation - The company returned $169 million to shareholders through dividends ($42 million) and share repurchases ($127 million)[9] - Capital expenditures are projected to be between $100 million and $120 million for the full year[32]

Core Insights - Lincoln Electric Holdings (LECO) reported quarterly earnings of $2.6 per share, exceeding the Zacks Consensus Estimate of $2.32 per share, and showing an increase from $2.34 per share a year ago [1][2] - The company achieved revenues of $1.09 billion for the quarter, surpassing the Zacks Consensus Estimate by 4.48% and up from $1.02 billion year-over-year [3] - The stock has gained approximately 19.1% since the beginning of the year, outperforming the S&P 500's gain of 8.2% [4] Earnings Performance - The earnings surprise for the recent quarter was +12.07%, while the previous quarter saw a surprise of -2.7% [2] - Over the last four quarters, Lincoln Electric has exceeded consensus EPS estimates three times [2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.22 on revenues of $1 billion, and for the current fiscal year, it is $9.10 on revenues of $4.1 billion [8] - The company holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [7] Industry Context - Lincoln Electric operates within the Zacks Manufacturing - Tools & Related Products industry, which is currently ranked in the top 18% of over 250 Zacks industries [9] - The industry’s performance can significantly influence the stock's performance, with research indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9]

Exhibit 99.1 Investor Relations: Amanda Butler (216) 383-2534 Amanda_Butler@lincolnelectric.com LINCOLN ELECTRIC REPORTS SECOND QUARTER 2025 RESULTS Second Quarter 2025 Highlights CLEVELAND, Thursday, July 31, 2025 - Lincoln Electric Holdings, Inc. (the "Company") (Nasdaq: LECO) today reported second quarter 2025 net income of $143.4 million, or diluted earnings per share (EPS) of $2.56, which includes special item after-tax net charges of $2.2 million, or $0.04 EPS. This compares with prior year period net ...

Group 1: Investment Recommendations - Jim Cramer recommended buying SoFi Technologies, Inc. (SOFI) as it plans to allow retail clients to invest in companies like SpaceX, OpenAI, and Epic Games [1] - Cramer expressed a preference for CrowdStrike Holdings, Inc. (CRWD) over Okta, Inc. (OKTA), despite Okta's strong first-quarter revenue of $688 million, which exceeded analyst estimates [2] - Cramer suggested waiting for a pullback in Lincoln Electric Holdings, Inc. (LECO) shares before buying [4] Group 2: Analyst Ratings and Price Targets - Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintained an Outperform rating for American Express Company (AXP) and raised the price target from $360 to $371 [3] - Truist Securities also maintained a Buy rating for American Express and increased the price target from $335 to $340 [3] - BMO Capital analyst Ryan Griffin initiated coverage on Fair Isaac Corporation (FICO) with an Outperform rating and set a price target of $2,000 [3] Group 3: Company Performance and Stock Movements - SoFi shares increased by 3.7% to settle at $20.97 [7] - Okta shares decreased by 4.8% to close at $94.41 [7] - American Express shares rose by 2.5% to close at $325.24 [7] - Fair Isaac shares fell by 0.5% to settle at $1,584.38 [7] - Lincoln Electric shares increased by 1.4% to close at $223.47 [7] - Campbell's Company (CPB) reported better-than-expected third-quarter results, although its shares slipped by 0.8% to settle at $30.49 [4][7]

Financial Performance - Net sales decreased by 4.7% to $685.1 million compared to $718.6 million in Q1 2013 [12] - Reported EPS decreased by 14% to $0.69, primarily due to a Venezuela remeasurement loss [4] - Adjusted EPS decreased by 1% to $0.91 [4] - Reported operating income margin was 11.7%, down 60 basis points, while adjusted operating income margin was 14.3%, up 50 basis points [4] - The company returned $70 million in cash to shareholders through share repurchases and dividends [4] Sales Volume and Market Trends - Sales volume decreased by 5.0% [4] - Q1-2014 volume trends improved in March, but March and April volume run-rates remain below prior year levels [6] - Net Sales in North America decreased by 4.2% to $401.9 million [14] - Net Sales in Europe decreased by 4.6% to $105.4 million [16] - Net Sales in Asia Pacific decreased by 12.5% to $61.3 million [18] - Net Sales in Venezuela increased by 20.9% to $44.0 million [20] - Net Sales in The Harris Products Group decreased by 11.7% to $72.5 million [23] Capital Allocation - Dividends paid in Q1 2014 totaled $19 million, a 15% increase to $0.23 per common share [27] - Share repurchases in Q1 2014 increased by 299% to $51 million [28] - Capital expenditures in Q1 2014 decreased by 4% to $15 million [28]

Financial Performance - Net sales remained steady, increasing by 0.2% to $728.5 million[11], but excluding foreign exchange, sales increased by 2%[4] - Reported operating income margin increased by 110 basis points to 15.4%, with a record Q2 adjusted operating income margin of 16.0%, up 120 basis points[4] - Reported EPS increased by 10% to $0.96, while adjusted EPS increased by 11% to $1.01[4] - Cash returned to shareholders increased by 18% to $87 million through share repurchases and dividends[4] Segment Performance - North America net sales increased by 2.5% to $429.5 million, with adjusted EBIT increasing by 10.2% to $91.2 million[13] - Europe net sales increased by 6.4% to $115.6 million, with adjusted EBIT increasing significantly by 56.3% to $14.9 million[15] - Asia Pacific net sales decreased by 3.2% to $67.0 million, with adjusted EBIT decreasing by 44.1% to $0.4 million[17] - South America net sales decreased by 12.3% to $39.1 million, with adjusted EBIT decreasing by 54.9% to $5.0 million, impacted by the Venezuelan operation[19] - Harris net sales decreased by 9.9% to $77.4 million, with adjusted EBIT decreasing by 2.2% to $7.2 million[25] Venezuela Impact - Q2 2014 results include $19.0 million in net sales and $4.4 million in adjusted EBIT from the Venezuelan operation[12, 20] - A $3.5 million charge was taken to cost of goods sold in Q2 2014 related to currency remeasurement to SICAD I[20, 24]

Financial Performance - Q1 2013 - Net sales decreased by 1.2%, from $727.1 million in Q1 2012 to $718.6 million in Q1 2013[6] - Operating income decreased by 3.3%, from $91.7 million in Q1 2012 to $88.6 million in Q1 2013[6] - Adjusted operating income increased by 8.4%, from $91.7 million in Q1 2012 to $99.3 million in Q1 2013[6] - Net income increased by 4.0%, from $64.2 million in Q1 2012 to $66.8 million in Q1 2013[6] - Adjusted net income increased significantly by 20.1%, from $64.2 million in Q1 2012 to $77.1 million in Q1 2013[6] - Diluted EPS increased by 5.3%, from $0.76 in Q1 2012 to $0.80 in Q1 2013[6] - Adjusted diluted EPS increased by 21.1%, from $0.76 in Q1 2012 to $0.92 in Q1 2013[6] Segment Performance - North America welding segment net sales increased by 10.0%, from $381.3 million to $419.6 million, with an adjusted EBIT margin of 17.1%[16] - Europe welding segment net sales decreased by 12.2%, from $125.8 million to $110.5 million, with an adjusted EBIT margin of 9.3%[18] - Asia Pacific welding segment net sales decreased significantly by 24.3%, from $92.6 million to $70.0 million, but the adjusted EBIT margin increased to 3.1%[20] - The Harris Products Group net sales decreased by 6.3%, from $87.6 million to $82.1 million, but the adjusted EBIT margin improved to 8.5%[25] Capital Allocation - The company contributed $50 million to the U.S pension plan[29] - Share repurchases amounted to $12.8 million[30]

Financial Performance - Adjusted operating profit margin reached a record 14.8% despite uneven market conditions[4] - Adjusted EPS increased by 12%[4] - The company generated $107 million in cash flow from operations, including a $25 million voluntary U.S pension contribution[4] - ROIC was 18.9%[4] - The company returned $73 million to shareholders through share repurchases and dividends[4] Sales Analysis - Net sales decreased by 2.2% year-over-year to $727.4 million[5] - Sales volume declined by 4.9%[8] - Acquisitions contributed positively, increasing sales by 3.1%[8] - Foreign exchange had a negative impact, decreasing sales by 0.5%[8] Segment Performance - North America welding segment net sales increased by 0.7% to $419.1 million[16] - Europe welding segment net sales decreased by 5.0% to $108.7 million[17] - Asia Pacific welding segment net sales decreased significantly by 19.0% to $69.2 million[18] - Harris Products Group net sales decreased by 5.3% to $86.0 million[20] Capital Allocation - Capital expenditures increased by 17% to $15.9 million[29] - Dividends increased by 17% to $17 million[27] - Share repurchases increased significantly by 184% to $57 million[28]

Financial Performance - Q3 2013 - Net sales decreased slightly by 0.8% year-over-year, from $697.6 million to $691.9 million[5, 10] - Adjusted operating income increased by 10.6% year-over-year, from $91.8 million to $101.5 million, with an adjusted operating profit margin of 14.7%, up 150 basis points[4, 5, 10] - Adjusted diluted EPS increased by 7.5% year-over-year, from $0.80 to $0.86[4, 5, 10] - Cash flow from operations increased significantly by 88% to $155 million[4] - The company's ROIC stood at 18.5%[4, 30] Segment Performance - Q3 2013 - Americas Welding segment net sales increased by 3.5% year-over-year, from $390.3 million to $404.1 million, with an adjusted EBIT margin of 17.1%, up 20 basis points[12] - Europe Welding segment net sales decreased by 5.7% year-over-year, from $104.5 million to $98.5 million, with an adjusted EBIT margin of 7.6%, down 30 basis points[14] - Asia Pacific Welding segment net sales decreased significantly by 16.3% year-over-year, from $76.3 million to $63.8 million, with an adjusted EBIT margin of -1.4%, down 400 basis points[16] - The Harris Products Group net sales increased by 16.1% year-over-year, from $44.5 million to $51.7 million, with a substantial adjusted EBIT margin increase of 1,370 basis points to 30.7%[18] - The Other segment net sales decreased by 10.1% year-over-year, from $81.9 million to $73.7 million, with an adjusted EBIT margin of 9.1%, down 10 basis points[20] Capital Allocation - The company returned $60 million in cash to shareholders through share repurchases and dividends[4] - Share repurchases increased by 120% to $44 million[29] - Dividends increased by 16% to $16 million[32] Strategic Initiatives - The company is focused on optimizing operations and profitability, driving improved shareholder returns[7, 8] - Automation investment continues, including a new facility in Brazil and expansion in Mexico[9] - The company expects $8 to $10 million in incremental benefits from prior actions in 2013[9]