Every material Form 8-K Lincoln Electric has filed with the SEC since April 25, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Lincoln Electric reported third quarter 2026 net sales up 15.1% to $1,221.3 million, driven by a 14.5% organic sales increase, and diluted EPS up 19% to $2.63. Operating income margin rose to 17.3% from 16.6%, and the board declared a quarterly dividend of $0.87 per share, a 10.1% increase. The results were released without revised guidance in the filing, and the company also reported a $12,977 thousand tax charge tied to possible repatriation of foreign earnings.
Net sales rose 15.1% to $1,221.3 million; organic sales rose 14.5%, led by volume growth
Diluted EPS rose 19% to $2.63; adjusted EPS rose 21% to $2.98 versus $2.47 a year earlier
Quarterly cash dividend declared at $0.87 per share, payable January 15, 2027 to holders of record as of December 31, 2026
Special item after-tax net charges were $19.3 million, or $0.35 per share, in the quarter
Lincoln Electric said Executive Vice President and President of Americas Welding Michael J. Whitehead will resign effective August 28, 2026, to pursue other business opportunities. The company said the resignation did not stem from any disagreement with the board or management, and Americas Welding will be jointly led on an interim basis until a successor is named.
Michael J. Whitehead notified the company of his resignation on August 10, 2026, effective August 28, 2026
Gary Konarska (Vice President, Global Product Strategy) and Albert Castillo (Vice President, Americas Welding, Sales & LATAM Operations) will jointly lead Americas Welding in the interim
No successor has been named; the filing states the resignation was not due to a disagreement with the company
Lincoln Electric reported record second quarter 2026 net sales of $1,219.7 million, up 12.0% from a year earlier, with diluted EPS of $2.88 versus $2.56 in the prior year period. Operating income rose to $220.6 million from $192.1 million, and cash flow from operations reached $253.8 million. The results point to higher profit for shareholders, though the filing gives no full-year outlook.
Q2 2026 net sales rose 12.0% to $1,219.7 million; organic sales rose 10.1%
Diluted EPS was $2.88 versus $2.56; adjusted EPS was $2.93 versus $2.60
Operating income was $220.6 million, or 18.1% of sales, versus $192.1 million, or 17.6%, a year earlier
Company returned $120 million to shareholders through dividends and share repurchases in the quarter
Lincoln Electric reported first quarter 2026 results on April 30, 2026, with net sales up 11.7% to $1.12 billion and diluted EPS of $2.47, versus $2.10 a year earlier. Adjusted EPS rose to $2.50 from $2.16, and the company returned $101 million to shareholders through dividends and share repurchases. Free cash flow fell to $63.0 million from $158.7 million, and the filing gives no new guidance.
Net sales rose 11.7% to $1,121.4 million, including 7.8% organic growth.
Diluted EPS was $2.47 versus $2.10; adjusted diluted EPS was $2.50 versus $2.16.
Operating income margin was 16.6% versus 16.4% a year earlier.
Free cash flow was $63.0 million versus $158.7 million; $101 million was returned to shareholders.
Lincoln Electric reported fourth-quarter 2025 results in a Form 8-K dated February 12, 2026. Net sales rose 5.5% to $1,078.7 million and adjusted EPS was $2.65, up from $2.57 a year earlier, while GAAP diluted EPS was $2.45 versus $2.47, reflecting special item charges of $10.6 million. For the full year, net sales rose 5.6% to $4,233.0 million and GAAP diluted EPS was $9.32, up from $8.15.
Q4 2025 net sales up 5.5% to $1,078.7 million; organic sales up 2.5%
Q4 2025 GAAP diluted EPS $2.45 vs $2.47 prior year; adjusted EPS $2.65 vs $2.57
Full-year 2025 net sales $4,233.0 million (up 5.6%); GAAP diluted EPS $9.32 vs $8.15
Full-year 2025 cash flow from operations $661.2 million; $507 million returned to shareholders
Lincoln Electric reported third quarter 2025 results, with net sales up 7.9% to $1,061.2 million and diluted EPS of $2.21, compared with $1.77 a year earlier. Adjusted EPS, which excludes special items, rose to $2.47 from $2.14, and the operating income margin improved to 16.6% from 14.8%. The Board also declared a quarterly dividend of $0.79 per share, a 5.3% increase.
Net sales rose 7.9% to $1,061.2 million, including a 5.6% organic sales increase and a 1.7% benefit from acquisitions.
Diluted EPS was $2.21 versus $1.77 a year earlier; adjusted EPS was $2.47 versus $2.14.
Operating income margin was 16.6% versus 14.8%; cash flow from operations was $237 million.
Quarterly dividend of $0.79 per share is payable January 15, 2026 to holders of record as of December 31, 2025.
Lincoln Electric's Compensation Committee approved an Executive Severance Plan on October 15, 2025, effective November 1, 2025. The plan replaces existing individual change-in-control severance agreements with executives, including CEO Steven Hedlund, CFO Gabriel Bruno and General Counsel Jennifer Ansberry. It sets out severance terms for terminations both before and after a change in control, which shareholders may view as a change to potential executive payouts.
Plan approved October 15, 2025 and effective November 1, 2025; it replaces existing change-in-control severance agreements
Pre-change-in-control severance for the CEO is two times base salary paid over 24 months; Tier 2 executives, including Bruno and Ansberry, receive one times over 12 months
Post-change-in-control severance for the CEO is a lump sum of three times the salary and incentive compensation measure; Tier 2 executives receive two times
Named executive officers will participate; the full plan is filed as Exhibit 10.1
Lincoln Electric reported second quarter 2025 results on July 31, 2025. Net sales rose 6.6% to $1,088.7 million and diluted EPS was $2.56, up from $1.77 a year earlier. The company also agreed to buy the remaining 65% of Alloy Steel Australia for about $90 million, with closing expected on August 1, 2025.
Net sales of $1,088.7 million, up 6.6%: organic sales rose 2.9% and acquisitions added 3.0%.
Diluted EPS of $2.56 versus $1.77 a year earlier; adjusted EPS of $2.60 versus $2.34.
Operating income margin of 17.6% versus 14.6%; cash from operations of $144 million.
Alloy Steel acquisition for about $90 million, expected to close August 1, 2025; expected to add $0.13 to $0.15 per diluted share annually, excluding transaction costs.
Lincoln Electric reported first quarter 2025 results on April 30, 2025. Net sales rose 2.4% to $1,004.4 million, helped by a 4.9% benefit from acquisitions, while organic sales fell 1.2%. Diluted EPS was $2.10, down from $2.14 a year earlier, and net income fell to $118.5 million from $123.4 million, so profit declined even as sales grew.
Net sales rose 2.4% to $1,004.4 million, with acquisitions adding 4.9% and organic sales down 1.2%.
Diluted EPS was $2.10 versus $2.14 a year earlier; adjusted EPS was $2.16 versus $2.23.
Operating income was $164.9 million, roughly flat versus $165.0 million; operating margin was 16.4% versus 16.8%.
Operating cash flow was $185.7 million, and the company returned $150 million to shareholders through dividends and share repurchases.
Lincoln Electric expanded its board to twelve members and elected N. Joy Falotico, former President of The Lincoln Motor Company, as an independent director effective February 19, 2025. Director Kellye I. Walker will step down when her term ends at the 2025 annual shareholder meeting, and Executive Vice President and Chief Transformation Officer Michele R. Kuhrt will retire effective August 31, 2025. The changes affect board composition and senior leadership, but the filing reports no financial results.
N. Joy Falotico elected to the board on February 19, 2025, and appointed to the Audit and Nominating and Corporate Governance Committees
Kellye I. Walker will resign from the board effective at the 2025 annual shareholder meeting; the filing says her decision is not due to any disagreement with management or the board
Michele R. Kuhrt, Executive Vice President and Chief Transformation Officer, will retire effective August 31, 2025
Falotico received 578 restricted stock units under the company's non-employee director stock plan
Lincoln Electric reported fourth-quarter 2024 net sales of $1.02 billion, down 3.4% from a year earlier, as organic sales fell 7.5%. Diluted EPS was $2.47, down from $2.70, while adjusted EPS, which excludes special items, rose to $2.57 from $2.45, so shareholders see lower reported profit but higher underlying earnings per share.
Q4 2024 net sales were $1,022.0 million, down 3.4% from $1,058.5 million; organic sales fell 7.5%, with acquisitions adding 5.2%.
Diluted EPS was $2.47 versus $2.70 a year earlier; adjusted EPS was $2.57 versus $2.45.
Operating income was $177.0 million (17.3% of sales) versus $204.0 million (19.3%); adjusted operating margin was 18.2% versus 17.2%.
Full-year 2024 net sales were $4.0 billion, down 4.4%, and diluted EPS was $8.15 versus $9.37.
Lincoln Electric reported third quarter 2024 net sales of $983.8 million, down 4.8% from a year earlier, with organic sales down 7.7%. Diluted EPS was $1.77 versus $2.22, and adjusted EPS, which excludes special items, was $2.14 versus $2.40, so both measures fell for shareholders. The Board also declared a quarterly dividend of $0.75 per share, a 5.6% increase.
Q3 2024 net sales were $983.8 million, down 4.8%; organic sales fell 7.7% and acquisitions added 3.0%.
Diluted EPS was $1.77 versus $2.22; adjusted EPS was $2.14 versus $2.40 in the prior year period.
Operating income margin was 14.8% versus 16.6%; adjusted operating margin was 17.3% versus 17.7%.
Board declared a $0.75 quarterly dividend, a 5.6% increase, payable January 15, 2025 to holders of record as of December 31, 2024.
Lincoln Electric said Executive Chair Christopher L. Mapes will retire from the Board on December 31, 2024, and that the Board has elected CEO Steven B. Hedlund as Chair effective January 1, 2025. Mr. Hedlund will keep his role as President and Chief Executive Officer, and the company said Mr. Mapes' retirement is not the result of any disagreement with the company.
Christopher L. Mapes retires as Executive Chair and Board member on December 31, 2024
Steven B. Hedlund, President and CEO, becomes Chair of the Board effective January 1, 2025
Hedlund will hold the Chair role alongside his CEO role; Curtis E. Espeland remains independent Lead Director
Mr. Mapes' retirement is stated not to result from any disagreement with the company
Lincoln Electric reported second-quarter 2024 net sales of $1,022 million, down 3.7% from a year earlier, and diluted EPS of $1.77, versus $2.36 in the prior-year quarter. Adjusted EPS fell to $2.34 from $2.44, so both sales and profit declined for shareholders in the period.
Net sales fell 3.7% to $1,022 million; organic sales decreased 4.4% and acquisitions added 1.2%
Diluted EPS was $1.77 versus $2.36; special item charges reduced EPS by $0.57; adjusted EPS was $2.34 versus $2.44
Operating income was $148.8 million (14.6% of sales) versus $178.0 million, including $26.5 million of rationalization and asset impairment charges
Cash from operations was $171 million, and the company returned $91 million to shareholders through dividends and share repurchases
Lincoln Electric issued $550 million of senior unsecured notes on June 20 and 24, 2024, and entered a new $1 billion revolving credit facility. Proceeds of the Series C notes repaid the company's $400 million term loan, and the 2021 $500 million revolving facility was terminated. After the transactions, the company reports $1.25 billion of total debt outstanding, with a weighted average interest rate of 4.08%, and expects full-year 2024 interest expense, net, to be relatively steady versus the prior year.
Notes: $75 million Series A at 5.55% due August 2029, $75 million Series B at 5.62% due August 2031, and $400 million Series C at 5.74% due June 2034.
Series C proceeds repaid the $400 million term loan under the credit agreement dated November 29, 2022, which was terminated.
New $1 billion revolving credit facility matures June 20, 2029, with no outstanding borrowings at closing; the 2021 $500 million facility was terminated.
Total debt outstanding is $1.25 billion, with covenants of a maximum net leverage ratio of 3.5x EBITDA and a minimum interest coverage ratio of 2.5x EBITDA.
Lincoln Electric reported first quarter 2024 results on April 25, 2024. Diluted EPS rose to $2.14 from $2.09 and net income rose to $123.4 million, but net sales fell 5.6% to $981 million, with organic sales down 6.1%. The filing does not include updated guidance.
Diluted EPS of $2.14 vs. $2.09 a year earlier; adjusted EPS of $2.23 vs. $2.13
Net sales of $981 million, down 5.6% from $1,039 million; organic sales down 6.1%
Operating income margin of 16.8% vs. 15.8%; cash from operations rose 8% to $133 million
Returned $152 million to shareholders through dividends and share repurchases
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