Shares of Lincoln Electric Holdings (NASDAQ: LECO) plummeted 7.60% in pre-market trading on Wednesday following the release of its first-quarter 2025 earnings report. The welding equipment manufacturer's results fell short of analyst expectations on key financial metrics, triggering a negative market reaction.
Lincoln Electric reported adjusted earnings per share (EPS) of $2.16 for Q1 2025, missing the analyst consensus estimate of $2.23 by 3.14%. This figure also represents a 3.14% decrease from the $2.23 per share reported in the same period last year. The company's adjusted net income came in at $121.9 million, falling below the estimated $125.2 million projected by analysts.
Despite the earnings miss, Lincoln Electric did manage to beat revenue expectations. The company posted quarterly sales of $1.00 billion, surpassing the analyst consensus estimate of $976.65 million by 2.80%. This represents a 2.32% increase over sales of $981.20 million from the same period last year. However, the revenue beat was not enough to offset investor concerns about the company's profitability, as evidenced by the adjusted operating income of $169.4 million, which fell short of the $172.2 million estimate.
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