$282.370
+25.893 (+9.17%)At close
LECO News
LECO Events
Company Reports Q3 Revenue of $1.221B
Reports Q3 revenue $1.221B, consensus $1.17B. "We achieved strong third quarter results led by higher volumes, an increase in our adjusted operating income margin, and record adjusted earnings per share," said Steven B. Hedlund, Chairman and Chief Executive Officer. "Our performance underscores the agility of our global team who are focused on supporting customers, diligently managing inflationary headwinds, and accelerating RISE strategy initiatives and investments to optimize long-term value for all our stakeholders."
Lincoln Electric Launches XpertLINC Robotic Welding Solution
Lincoln Electric announced the launch of XpertLINC. XpertLINC adjusts a robot's path and welding parameters to adapt on the fly like a human would, delivering higher productivity and better quality, even with inconsistent parts, while adhering to customers' process specifications.
Lincoln Electric Increases Quarterly Cash Dividend by 10% to $0.87
Lincoln Electric Holdings announced that its Board of Directors approved a 10% increase in the quarterly cash dividend to 87c per share, or $3.48 per share of common stock on an annualized basis. The dividend is payable January 15, 2027, to shareholders of record at the close of business on December 31, 2026. "Our annual dividend increase underscores our confidence in the execution of our RISE strategy, the Company's strong cash generation, and how well-positioned we are for long-term growth," said Steven B. Hedlund, Chairman and Chief Executive Officer. "Our dividend remains an important component of our capital allocation strategy and reflects our commitment to returning value to our shareholders."
Major Averages Close Broadly Lower as Oil Surpasses $100
The major averages closed broadly lower, extending the week's sharp losses as oil surpassed $100 per barrel amid escalating tensions between the U.S. and Iran as part of a war that has reached its seventh month. The increase in oil prices is keeping inflation front and center, as is today's producer price index report. For the Federal Reserve's policy decision next week, markets are now pricing roughly a 62% probability of a 25-basis-point rate hike, a significant shift from expectations earlier in the month.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Macy'sprovided areport for Q2Nasdaqwill invest $100M inAeroVironmentreportedand reiterated its FY27 outlookBending SpoonsMiro for $1.355BOpenAI introduced2. WALL STREET CALLS:Meta Platformsto Overweight from Neutral at JPMorganUberto Neutral from Buy at AreteNikewith an Underweight at Morgan StanleyStoneXBlockto Buy, says AI rebuild is workingCooper Companiesat Piper Sandler, Baird, BofA and William Blair3. AROUND THE WEB:Federal officials are poised to declare an end to largest known cyclosporiasis outbreak, Washington Post reportsKinetikis in the early stages of exploring options, including a potential sale, Bloomberg reportsDellhas raised $5B from an investment-grade bond sale, riding the surge in revenue from AI servers, Bloomberg saysVolkswagenexpects the total cost of job cuts and potential plant closures will be around $18.6B, Reuters reportsOpenAI is expanding its ties with Samsung Electronicsas it works to develop its own chips, Reuters says4. MOVERS:Clover Healthgained after Deutsche Bankcoverage of the stock with a Buy ratingWealthfrontincreased after, with EPS missing consensusLincoln Electricdeclined after CFO Gabe Bruno said inflation willNavanfell afterand acquiring BoomPopAmerican Eaglewas lower afterand providing guidance for Q3 and FY265. EARNINGS/GUIDANCE:Shoe Station Groupand provided its outlook for FY26Vince Holdingthat CEO Brendan Hoffman called "strong," with "excellent growth across both our direct-to-consumer and wholesale channels"Designer Brandand raised its outlook for FY26Labcorpreaffirmed itsand provided its long-term outlookMasterCraft Boat, with EPS and revenue beating consensusINDEXES:The Dow fell 316.56, or 0.60%, to 52,064.10, the Nasdaq lost 171.62, or 0.65%, to 26,081.73, and the S&P 500 declined 44.66, or 0.58%, to 7,591.70.
Lincoln Electric Shares Drop About 8.2% Due to Inflation Impact
Shares of Lincoln Electric (LECO) were slipping after the company said in comments during the Jefferies Global Industrial Conference that inflation will weigh on its incremental margins. CFO Gabe Bruno said the cost pressures including "logistics" and "some supply chain challenges" could result in Q3 incremental margins in the low 20s. Bruno added that more inflation and more cost pressure translates into more pricing actions, which is "driving to a price-cost neutral posture. In afternoon trading, Lincoln Electric shares are down about 8.2% to roughly $249.
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