Lincoln Electric (LECO): Welding Robots, Layer 3 | Nov 05, 2026
Lincoln Electric (NASDAQ: LECO) is best known for welding wire and machines, but it also builds welding cobots and automated cells, and last week it launched XpertLINC, a physical A I platform that lets a welding cobot scan a part and set its own motion and weld settings. This episode places Lincoln in Layer 3 of the robotics stack, actuation and precision motion. The bull case: record third-quarter sales of $1.22 billion (up 15.1%), adjusted earnings per share of $2.98, the first quarter in over two and a half years where volume growth outpaced price, high-teens automation growth, and strong…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.