NASDAQ$LECO
Lincoln Electric Holdings Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Lincoln Electric's Q2 2023 performance was marked by record sales and EPS, driven by organic growth and acquisitions.
Lincoln Electric reported a record second quarter with net sales increasing by 9.4% to $1,061 million, driven by organic sales growth and acquisitions. The company achieved a record EPS of $2.36 and adjusted EPS of $2.44. Strong profit performance across all segments reflected an industry-leading portfolio and disciplined cost management.
- Net sales increased 9.4% to a record $1,061 million with 4.5% organic sales growth.
- Operating income margin was 16.8%, with an adjusted operating income margin of 17.4%.
- Record EPS reached $2.36, and adjusted EPS was a record $2.44.
- Cash flows from operations increased 102% to a record $199 million.
Headline financials
Revenue & EPS history
Lincoln Electric · Revenue · Quarterly
$1.06B
Revenue by segment
Lincoln Electric · $1.06B total across 3 segments · Q2 2023
- Americas Welding$677M+13.6%63.8%
- International Welding$253M+7.1%23.9%
- Harris Products Group$130M-5.2%12.3%
Forward guidance
No specific forward guidance was provided in the release.
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 Q2 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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