Lincoln Electric Holdings, Inc. reported financial results for the quarter ended September 30, 2026, showing a 15.1% increase in net sales to $1,221.3 million. This growth was driven by a 14.5% rise in organic sales, a 0.5% benefit from acquisitions, and a 0.1% favorable impact from foreign exchange. The company reported net income of $144.3 million, or $2.63 per diluted share, compared to $122.6 million, or $2.21 per diluted share, in the prior year period. Adjusted net income for the quarter was $163.6 million, or $2.98 per share.
Operating income for the third quarter of 2026 was $211.4 million, or 17.3% of sales, up from $176.7 million, or 16.6% of sales, in the prior year. Adjusted operating income was $220.0 million, or 18.0% of sales. The company also reported cash flows from operations of $216 million, representing a 107% cash conversion rate. During the quarter, Lincoln Electric returned $143 million to shareholders through dividends and share repurchases.
For the nine months ended September 30, 2026, net sales increased 12.9% to $3,562.4 million. Net income for the nine-month period was $439.2 million, or $7.97 per diluted share, compared to $384.5 million, or $6.86 per diluted share, in the prior year. Adjusted net income for the nine months was $463.3 million, or $8.41 per share. The company’s Board of Directors declared a quarterly cash dividend of $0.87 per share, an increase of 10.1% from the prior quarterly dividend, payable January 15, 2027, to shareholders of record as of December 31, 2026.
