Lincoln Electric(US:LECO) Businesswire·2025-10-30 11:30Core Insights - Lincoln Electric reported a strong performance in Q3 2025, with net income of $122.6 million, or diluted EPS of $2.21, reflecting a year-over-year increase from $100.8 million, or $1.77 EPS in the prior year [1][4][21] - The company achieved adjusted net income of $137.2 million, or $2.47 adjusted EPS, compared to $122.4 million, or $2.14 adjusted EPS in the same quarter last year [1][21] - Sales for Q3 2025 increased by 7.9% to $1,061.2 million, driven by a 5.6% rise in organic sales and a 1.7% contribution from acquisitions [3][21] Financial Performance - Operating income for Q3 2025 was $176.7 million, representing 16.6% of sales, up from $145.6 million, or 14.8% of sales in the prior year [3][21] - Adjusted operating income was $184.6 million, or 17.4% of sales, compared to $169.8 million, or 17.3% of sales in the previous year [3][21] - For the nine months ended September 30, 2025, net income was $384.5 million, or $6.86 EPS, an increase from $325.9 million, or $5.68 EPS in the prior year [4][5][21] Cash Flow and Shareholder Returns - Cash flows from operations reached $237 million in Q3 2025, with a cash conversion rate of 149% [7][24] - The company returned $94 million to shareholders through dividends and share repurchases [7] - A quarterly cash dividend of $0.79 per share was declared, marking a 5.3% increase from the previous dividend [6][21] Balance Sheet Highlights - As of September 30, 2025, total assets were $3.82 billion, with total equity at $1.41 billion [14][22] - Cash and cash equivalents decreased to $293 million from $377 million at the end of 2024 [14][22] - Total debt was reported at $1.24 billion, with a total debt to invested capital ratio of 46.7% [14][22]