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    Should Lincoln Electric’s Record 2025 Results and Heavy Buybacks Shape LECO Investors’ Next Move?

    Simply Wall St·02/17/2026 17:16:27
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    • In the past week, Lincoln Electric Holdings reported fourth-quarter 2025 results with sales of US$1,078.72 million and net income of US$136.02 million, alongside record full-year 2025 sales of US$4.23 billion and net income of US$520.53 million, plus completion of a US$914.04 million share repurchase program.
    • Beneath the mixed quarterly headline, the company’s record annual earnings per share and significant buybacks underscore management’s confidence in its RISE growth and automation-focused strategy through 2030.
    • Next, we’ll examine how this earnings beat alongside softer revenue and strong buybacks may influence Lincoln Electric’s investment narrative.

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    Lincoln Electric Holdings Investment Narrative Recap

    To own Lincoln Electric, you need to believe that its RISE strategy, automation focus, and disciplined execution can support attractive earnings while managing the cyclicality of welding and industrial end markets. The latest results, with an earnings beat but softer revenue, keep that thesis intact in the near term, but also highlight a key risk: if volume growth continues to trail pricing, particularly in more cyclical sectors, long-term demand and margin expansion could prove harder to sustain.

    The completion of the US$914.04 million share repurchase program, retiring about 8.63% of shares since 2020, is especially relevant here. It has boosted per share metrics and signals alignment with a shareholder returns narrative, but it also raises the bar for future cash generation if cyclical pressures in automotive, energy, or weaker international markets resurface and weigh more heavily on volumes.

    Yet beneath the strong 2025 headline numbers, investors should be aware that...

    Read the full narrative on Lincoln Electric Holdings (it's free!)

    Lincoln Electric Holdings' narrative projects $4.8 billion revenue and $664.5 million earnings by 2028.

    Uncover how Lincoln Electric Holdings' forecasts yield a $262.60 fair value, a 11% downside to its current price.

    Exploring Other Perspectives

    LECO 1-Year Stock Price Chart
    LECO 1-Year Stock Price Chart

    Some of the lowest ranked analysts were already cautious, assuming only about 3.8% annual revenue growth to roughly US$4.6 billion and a lower future P E, which contrasts sharply with the upbeat automation backlog story and shows how differently you and others might read this latest earnings surprise.

    Explore 3 other fair value estimates on Lincoln Electric Holdings - why the stock might be worth as much as $290.00!

    Reach Your Own Conclusion

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.