Lincoln Electric Automation Surge Lifts Q3 Earnings

In the third quarter of 2025, Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has reported impressive financial results, showcasing its ability to navigate the challenges of the global manufacturing landscape. The company's revenue for the quarter reached $1.06 billion, a 7.9% increase from the same period last year.

Lincoln Electric's CEO, Steven Hedlund, has expressed optimism about the company's automation segment, highlighting a broad growth in automation order rates in late September and October. Hedlund projected that fourth-quarter automation sales would rise approximately 15% to 20% sequentially, though still remain below last year's levels.

Roth Capital, a respected investment firm, has raised its price target for Lincoln Electric from $279 to $285, while maintaining a Buy rating on the stock. The analyst was "impressed" with the company's performance and noted that more industries, including automotive, are shifting from a neutral to a positive outlook.

Lincoln Electric's strong financial position is further evidenced by its $237 million in operating cash flow and a 149% cash conversion rate during the quarter. The company also returned $94 million to shareholders through dividends and share repurchases.

As the manufacturing industry navigates a turbulent global environment, Lincoln Electric's resilience and growth in its automation segment have positioned the company as a standout performer in the sector.