---
schema_version: "secwatch.filing_event.v1"
accession: "0000059527-23-000008"
form_type: "8-K"
ticker: "LECO"
cik: "0000059527"
company_name: "LINCOLN ELECTRIC HOLDINGS INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:50:08.747455+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lincoln Electric posts record Q1 sales of $1,039M; adjusted EPS up to $2.13

## Summary
- Net sales +12.3% to record $1,039M; organic sales +8.5%; acquisitions contributed 5.7%.
- Adjusted EPS $2.13 vs $2.10 prior year; GAAP EPS $2.09 (down from $2.13).
- Record operating cash flow $124M, up 188% YoY; returned $70M to shareholders.
- Adjusted operating margin 16.3% (down 130 bps YoY) on input costs and mix.
- CEO cites strong demand momentum in Americas Welding and automation; integration of Fori on track.

## SEC filing metadata
- accession: 0000059527-23-000008
- form_type: 8-K
- ticker: LECO
- cik: 0000059527
- company_name: LINCOLN ELECTRIC HOLDINGS INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59527/000005952723000008/0000059527-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59527/000005952723000008/leco-20230427x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059527-23-000008
- JSON: https://secwatch.observer/filing/0000059527-23-000008.json
- Plain text: https://secwatch.observer/filing/0000059527-23-000008.txt

## Key facts
- Earnings Releases
  LINCOLN ELECTRIC HOLDINGS INC reported first quarter 2023 results: revenue $1,039.3 million, net income $121.9 million, EPS $2.09.
  - Period: first quarter 2023
  - Revenue: $1,039.3 million
  - Net income: $121.9 million
  - EPS: $2.09
  - Result: reported results
  source text: CLEVELAND, Thursday, April 27, 2023 - Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported first quarter 2023 net income of $121.9 million, or diluted earnings per share (EPS) of $2.09, which includes special item after-tax net charges of $2.3 million, or $0.04 EPS. This compares with prior year period net income of $126.0 million, or $2.13 EPS, which included special item after-tax net gains of $1.3 million, or $0.03 EPS. Excluding these items, first quarter 2023 adjusted net income was $124.2 million, or $2.13 adjusted EPS. This compares with adjusted net income of $124.7 million, or $2.10 adjusted EPS, in the prior year period. ​ First quarter 2023 sales increased 12.3% to $1,039.3 million reflecting an 8.5% increase in organic sales and a 5.7% benefit from acquisitions, partially offset by 1.9% unfavorable foreign exchange.
  evidence_url: https://www.sec.gov/Archives/edgar/data/59527/000005952723000008/0000059527-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.