NASDAQ$LECO
Lincoln Electric Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Lincoln Electric reported record Q4 2023 results driven by strong demand and effective execution of their Higher Standard strategy.
Lincoln Electric reported a 13.7% increase in net sales to $1.1 billion, a record operating income margin of 19.3%, and EPS of $2.70 for Q4 2023. Adjusted EPS was $2.45. The company achieved record performance in 2023, reflecting strong demand for its solutions and effective execution of its Higher Standard strategy.
- Net sales increased 13.7% to a record $1.1 billion.
- Operating income margin reached a record 19.3%, with an adjusted operating income margin of 17.2%.
- EPS hit a record $2.70, and adjusted EPS was $2.45.
- The company finished the year with good momentum across most end markets.
Headline financials
Revenue & EPS history
Lincoln Electric · Revenue · Quarterly
$1.06B
Revenue by segment
Lincoln Electric · $1.03B total across 3 segments · Q3 2023
- Americas Welding$665M+13.6%64.4%
- International Welding$242M+11.8%23.4%
- Harris Products Group$126M-5.4%12.2%
Forward guidance
Lincoln Electric will continue to advance the business by focusing on customers, bringing innovative products to market, and driving operational excellence.
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 Q4 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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