---
schema_version: "secwatch.filing_event.v1"
accession: "0000059527-23-000024"
form_type: "8-K"
ticker: "LECO"
cik: "0000059527"
company_name: "LINCOLN ELECTRIC HOLDINGS INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:13:19.276620+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lincoln Electric Q2 2023: record sales $1,061M, EPS $2.36, CEO transition announced

## Summary
- Net sales $1,061M (+9.4% YoY), organic +4.5%, record quarterly sales.
- Adjusted operating margin 17.4% vs 17.3% a year ago; adjusted EPS $2.44 (record).
- Cash from operations $199M, up 102% YoY; returned $90M to shareholders via dividends & buybacks.
- Chairman Mapes confirms year-end CEO transition to Steve Hedlund as President and CEO.
- Six-month sales $2,100M (+10.8%); adjusted EPS $4.57 vs $4.29 prior year.

## SEC filing metadata
- accession: 0000059527-23-000024
- form_type: 8-K
- ticker: LECO
- cik: 0000059527
- company_name: LINCOLN ELECTRIC HOLDINGS INC
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59527/000005952723000024/0000059527-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59527/000005952723000024/leco-20230727x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059527-23-000024
- JSON: https://secwatch.observer/filing/0000059527-23-000024.json
- Plain text: https://secwatch.observer/filing/0000059527-23-000024.txt

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