NASDAQ$LECO
Lincoln Electric Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Lincoln Electric's first quarter performance was marked by record sales and adjusted earnings per share, driven by strong demand in Americas Welding and solid operational execution.
Lincoln Electric reported a 12.3% increase in sales to $1,039 million. EPS was reported at $2.09 and adjusted EPS at $2.13. The company's performance was driven by strong demand in Americas Welding and solid operational performance across all segments.
- Net sales increased 12.3% to a record $1,039 million with organic sales up 8.5%.
- Operating income margin was 15.8%, with an adjusted operating income margin of 16.3%.
- EPS reached $2.09, and adjusted EPS was $2.13.
- Cash flows from operations increased 188% to a record $124 million.
Headline financials
Revenue & EPS history
Lincoln Electric · Revenue · Quarterly
$1.04B
Revenue by segment
Lincoln Electric · $1.04B total across 3 segments · Q1 2023
- Americas Welding$659M+23.3%63.4%
- International Welding$252M-2.2%24.3%
- Harris Products Group$128M-3.8%12.3%
Forward guidance
Company has strong momentum heading into the second quarter, including high backlog levels and record automation orders, position us well to continue to drive higher results this year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.2%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+0.8%
Avg return
30 days after
50%
34 / 68 earnings
Positive
+12.5%
Q3 2012
Best reaction
-10.3%
Q2 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.1% | +3.6% | +0.4% | |
| Q4 2025 | +1.9% | -1.1% | -11.0% | |
| Q3 2025 | +0.8% | -4.0% | +2.1% | |
| Q1 2025 | -4.2% | -0.7% | +5.2% | |
| Q4 2024 | +10.2% | +11.8% | -1.8% | |
| Q3 2024 | +2.3% | +3.3% | +10.8% | |
| Q2 2024 | -6.0% | -9.8% | -8.4% | |
| Q1 2024 | -3.2% | -7.6% | -14.8% | |
| Q4 2023 | +7.9% | +6.7% | +7.3% | |
| Q3 2023 | +3.8% | +4.8% | +16.5% | |
| Q2 2023 | -2.4% | -1.9% | -8.6% | |
| Q1 2023 | +7.5% | +9.1% | +11.3% | |
| Q4 2022 | -6.9% | -5.9% | -7.1% | |
| Q3 2022 | +1.8% | +3.3% | +7.7% | |
| Q2 2022 | +5.8% | +3.8% | +5.4% | |
| Q1 2022 | +5.0% | +5.3% | +5.9% | |
| Q4 2021 | -3.2% | -2.1% | -3.5% | |
| Q3 2021 | -1.1% | +0.1% | -2.6% | |
| Q2 2021 | -0.4% | +1.6% | +0.7% | |
| Q1 2021 | +2.7% | +0.9% | +1.7% | |
| Q4 2020 | +0.2% | -1.8% | +6.2% | |
| Q3 2020 | -2.6% | -0.9% | +11.2% | |
| Q2 2020 | -1.2% | -1.2% | +6.3% | |
| Q1 2020 | +6.5% | +1.1% | +13.0% | |
| Q4 2019 | -2.2% | -3.6% | -19.6% | |
| Q3 2019 | -5.0% | -0.3% | -2.2% | |
| Q2 2019 | +5.5% | +2.0% | -2.7% | |
| Q1 2019 | -4.6% | -4.4% | -13.4% | |
| Q4 2018 | -2.0% | -1.9% | -6.4% | |
| Q3 2018 | -1.2% | +2.3% | +5.3% | |
| Q2 2018 | -1.6% | +0.0% | +0.7% | |
| Q1 2018 | -7.6% | -9.1% | -3.6% | |
| Q4 2017 | +4.9% | +2.4% | +4.7% | |
| Q3 2017 | -8.2% | -7.8% | -11.2% | |
| Q2 2017 | -7.4% | -7.2% | -8.7% | |
| Q1 2017 | +4.8% | +5.4% | +4.9% | |
| Q4 2016 | +2.4% | +2.1% | +4.9% | |
| Q3 2016 | +3.2% | +4.3% | +19.6% | |
| Q2 2016 | +1.9% | +0.8% | +4.2% | |
| Q1 2016 | +3.0% | — | — | |
| Q4 2015 | -5.7% | — | — | |
| Q3 2015 | +2.5% | — | — | |
| Q2 2015 | +2.6% | — | — | |
| Q1 2015 | +1.8% | — | — | |
| Q4 2014 | -2.9% | — | — | |
| Q3 2014 | +3.5% | — | — | |
| Q2 2014 | +4.9% | — | — | |
| Q1 2014 | -4.4% | — | — | |
| Q4 2013 | +3.8% | — | — | |
| Q3 2013 | +5.2% | — | — | |
| Q2 2013 | -3.5% | — | — | |
| Q1 2013 | +1.8% | — | — | |
| Q4 2012 | +1.9% | — | — | |
| Q3 2012 | +12.5% | — | — | |
| Q2 2012 | -10.3% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2011 | +0.1% | — | — | |
| Q3 2011 | -3.3% | — | — | |
| Q2 2011 | -1.8% | — | — | |
| Q1 2011 | -2.1% | — | — | |
| Q1 2010 | -2.1% | — | — | |
| Q4 2008 | -0.4% | — | — | |
| Q4 2010 | -0.4% | — | — | |
| Q3 2009 | +0.3% | — | — | |
| Q3 2010 | +0.3% | — | — | |
| Q2 2010 | -1.1% | — | — | |
| Q2 2009 | -1.1% | — | — | |
| Q4 2009 | -1.1% | — | — |
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