Financial Data and Key Metrics Changes - The company reported a 7% sales growth driven by price management, M&A strategy, and improved volume performance [5][6] - 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 [6][14] - Gross profit margin held steady at 37.3%, with a slight decline of 30 basis points year-over-year [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 [17] - International Welding segment sales declined by 2.5%, with a 4% favorable foreign exchange translation offset by a 7% drop in volumes [19] - Harris Products Group saw a 19% increase in sales, with 11% higher volumes primarily from the HVAC sector [20] Market Data and Key Metrics Changes - Three out of five end markets experienced growth, largely driven by price increases, with volume growth in general industries and energy sectors [10][11] - Heavy industries faced challenges but showed incremental improvement, while agricultural machinery OEMs are expected to recover in 2026 [11] - Construction infrastructure remained choppy, but organic sales were steady in the first half of the year [11] Company Strategy and Development Direction - The company is focused on maintaining a neutral price-cost position while managing inflationary pressures and supply chain complexities [5][12] - The acquisition of Alloy Steel is expected to enhance margins and earnings immediately upon closing [8][24] - The company aims to achieve approximately $60 million in savings from a six-quarter program, with a focus on permanent structural savings [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in July order trends, indicating strength in general industries and cautiousness in heavy industries [28] - The company anticipates low single-digit organic sales growth for the full year, with acquisitions contributing approximately 270 basis points to sales growth [24] - Management remains cautious about demand trends in the near term but optimistic about future growth as trade policies stabilize [40][41] 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 [22][23] - The company expects to see a steady operating income margin for the full year, with a high teens percent incremental margin [26] Q&A Session Summary Question: Can you elaborate on customer demand trends and orders? - Management noted that July order trends are holding strong, particularly in general industries, while heavy industries remain cautious [28] Question: What are the underlying organic demand trends in the Harris segment? - Excluding initial inventory stocking, volumes in the Harris segment are expected to be flattish as they progress into the third quarter [31] Question: How are customers responding to tariff clarity? - Management indicated that clarity around tariff rates is helping to alleviate the wait-and-see attitude among customers regarding capital investments [34] Question: What is the outlook for automation demand? - The automation business is expected to remain steady, with strong quoting activity but a conservative outlook on immediate order inflow [40][41] Question: What should be expected for pricing in Q3? - The company anticipates an additional 200 basis points of incremental pricing impact in Q3 due to actions taken in Q2 [64] Question: What factors influenced the reinstatement of incentive compensation? - The reinstatement was based on business performance and a reassessment of market conditions, as the volume response was better than initially feared [71]

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 ...

Industry Overview - The welding and brazing consumables market is segmented into various product types and applications, with significant growth expected from 2020 to 2031 [2][3]. - The industry is characterized by specific development trends, including increasing demand in automotive, construction, aerospace, and defense sectors [3][4]. Market Trends and Forecast - Global welding and brazing consumables production capacity, output, and utilization rates are projected to evolve from 2020 to 2031, indicating a robust growth trajectory [4][5]. - The market is expected to see a substantial increase in sales revenue and volume across different regions, with detailed forecasts provided for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa [4][5][6]. Competitive Landscape - The competitive landscape of the welding and brazing consumables market includes major players with significant market shares, with detailed analysis of their production capacities, sales volumes, and revenue from 2020 to 2025 [5][6]. - The market concentration and competitive intensity are analyzed, highlighting the top manufacturers and their respective market positions [5][6]. Product and Application Analysis - Different product types within the welding and brazing consumables market are analyzed for their sales volumes and revenue from 2020 to 2031, with predictions for future market shares [6][7]. - The application segments, including automotive, construction, and others, are also evaluated for their growth potential and market dynamics [6][7]. Regional Analysis - The report provides a comprehensive analysis of the welding and brazing consumables market across major regions, detailing sales revenue and market shares from 2020 to 2025 [4][5]. - Specific insights into the Chinese market, including production, sales, and import/export trends, are highlighted, showcasing its significant role in the global landscape [6][7]. Industry Development Environment - The report discusses the driving factors behind the growth of the welding and brazing consumables industry, including technological advancements and regulatory influences [6][7]. - A SWOT analysis of Chinese enterprises in the welding and brazing consumables sector is included, providing insights into their strengths, weaknesses, opportunities, and threats [6][7].

Stock Recommendations & Analysis - SoFi is still favored despite previous recommendations at lower prices, indicating continued confidence from some investors [1] - American Express is expected to perform well until its report, after which selling pressure may occur [2] - Nvidia was a successful stock pick, with one investor buying it at $18 [4] - FICO's outlook is uncertain, with differing opinions on its value [4][5] - Lincoln Electric is a strong industrial stock, but a pullback is recommended before buying [6] - Campbell Soup is considered a reasonable buy at $29 [10] Industry Trends & Observations - The alcohol business faces challenges due to the rise of GLP-1s and increased health consciousness [7] - Gummies are seen as strong competition to the alcohol industry [8] - Materials are crucial for national security, highlighting the importance of US mining [11] Investment Strategy & Market Sentiment - It's important to change investment strategies after experiencing losses, as exemplified by learning from GameStop [3] - CrowdStrike is preferred over Octa, especially after Octa's outage [9]

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]