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Adjusted EBIT by Segment
Measures core operating profit for each business after excluding one-time items, revealing which segments deliver the strongest margins and operational efficiency. Rising adjusted EBIT margins point to pricing power, cost control, or automation gains; falling margins may indicate raw material pressure, pricing competition, or structural issues in a segment.Adjusted EBIT is being driven by Americas Welding, which consistently supplies the bulk of segment profit, while Harris Products has protected margins with strong pricing despite volume weakness. International Welding remains cyclical and a drag from softer European demand, limiting consolidated upside. Corporate costs have been volatile and will create near‑term headwinds (Q1 incentive step‑up). Management’s call that automation backlog should recover in Q2 2026 and enterprise initiatives could deliver mid‑20% incremental operating income means meaningful upside if volumes rebound, but timing risk persists.
Date | Americas Welding | International Welding | The Harris Products Group | Corporate & Eliminations |
|---|---|---|---|---|
Dec 31, 2025 | $141.11M | $31.20M | $23.32M | $0.00 |
Sep 30, 2025 | $131.62M | $25.82M | $28.08M | $0.00 |
Jun 30, 2025 | $137.91M | $30.55M | $31.88M | -$1.20M |
Mar 31, 2025 | $124.20M | $23.01M | $24.33M | -$1.65M |
Dec 31, 2024 | $131.92M | $32.53M | $21.57M | $811.00K |
Sep 30, 2024 | $125.52M | $20.10M | $21.96M | $4.50M |
Jun 30, 2024 | $136.65M | $25.71M | $24.92M | -$6.26M |
Mar 31, 2024 | $136.10M | $27.78M | $19.88M | -$10.08M |
Dec 31, 2023 | $129.47M | $42.89M | $15.25M | -$3.03M |
Sep 30, 2023 | $136.48M | $30.24M | $20.41M | -$2.95M |