Lincoln Electric (LECO) Revenue & Revenue Breakdown
Lincoln Electric Revenue Highlights
Latest Revenue (Y)
$4.19B
Latest Revenue (Q)
$1.02B
Main Segment (Y)
Welding Consumables
Main Geography (Y)
Americas Welding
Lincoln Electric Revenue by Period
Lincoln Electric Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $4.19B | 11.44% |
| 2022-12-31 | $3.76B | 16.30% |
| 2021-12-31 | $3.23B | 21.80% |
| 2020-12-31 | $2.66B | -11.58% |
| 2019-12-31 | $3.00B | -0.84% |
| 2018-12-31 | $3.03B | 15.40% |
| 2017-12-31 | $2.62B | 15.38% |
| 2016-12-31 | $2.27B | -10.30% |
| 2015-12-31 | $2.54B | -9.86% |
| 2014-12-31 | $2.81B | -1.38% |
| 2013-12-31 | $2.85B | -0.02% |
| 2012-12-31 | $2.85B | 5.89% |
| 2011-12-31 | $2.69B | 30.16% |
| 2010-12-31 | $2.07B | 19.71% |
| 2009-12-31 | $1.73B | -30.25% |
| 2008-12-31 | $2.48B | 8.70% |
| 2007-12-31 | $2.28B | 15.66% |
| 2006-12-31 | $1.97B | 23.15% |
| 2005-12-31 | $1.60B | 20.06% |
| 2004-12-31 | $1.33B | 28.17% |
| 2003-12-31 | $1.04B | 4.68% |
| 2002-12-31 | $994.08M | 1.55% |
| 2001-12-31 | $978.88M | -7.53% |
| 2000-12-31 | $1.06B | -2.54% |
| 1999-12-31 | $1.09B | -8.47% |
| 1998-12-31 | $1.19B | 2.38% |
| 1997-12-31 | $1.16B | 4.51% |
| 1996-12-31 | $1.11B | 7.43% |
| 1995-12-31 | $1.03B | 13.86% |
| 1994-12-31 | $906.70M | - |
Lincoln Electric generated $4.19B in revenue during NA 2023, up 11.44% compared to the previous quarter, and up 138.40% compared to the same period a year ago.
Lincoln Electric Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $1.02B | 4.22% |
| 2024-03-31 | $980.36M | -7.38% |
| 2023-12-31 | $1.06B | 2.45% |
| 2023-09-30 | $1.03B | -2.58% |
| 2023-06-30 | $1.06B | 2.04% |
| 2023-03-31 | $1.04B | 11.65% |
| 2022-12-31 | $930.93M | -0.46% |
| 2022-09-30 | $935.24M | -3.54% |
| 2022-06-30 | $969.59M | 4.77% |
| 2022-03-31 | $925.45M | 9.62% |
| 2021-12-31 | $844.25M | 4.69% |
| 2021-09-30 | $806.45M | -2.42% |
| 2021-06-30 | $826.45M | 9.17% |
| 2021-03-31 | $757.02M | 9.11% |
| 2020-12-31 | $693.79M | 3.72% |
| 2020-09-30 | $668.89M | 13.23% |
| 2020-06-30 | $590.73M | -15.85% |
| 2020-03-31 | $701.99M | -4.66% |
| 2019-12-31 | $736.31M | 0.76% |
| 2019-09-30 | $730.78M | -5.95% |
| 2019-06-30 | $777.01M | 2.35% |
| 2019-03-31 | $759.17M | 2.06% |
| 2018-12-31 | $743.83M | 0.91% |
| 2018-09-30 | $737.10M | -6.70% |
| 2018-06-30 | $790.05M | 4.27% |
| 2018-03-31 | $757.70M | 1.41% |
| 2017-12-31 | $747.18M | 11.60% |
| 2017-09-30 | $669.49M | 6.80% |
| 2017-06-30 | $626.86M | 7.91% |
| 2017-03-31 | $580.90M | 3.03% |
| 2016-12-31 | $563.83M | -0.67% |
| 2016-09-30 | $567.65M | -4.18% |
| 2016-06-30 | $592.42M | 7.57% |
| 2016-03-31 | $550.72M | -3.04% |
| 2015-12-31 | $567.99M | -11.96% |
| 2015-09-30 | $645.17M | -2.94% |
| 2015-06-30 | $664.74M | 1.04% |
| 2015-03-31 | $657.90M | -3.81% |
| 2014-12-31 | $683.95M | -4.45% |
| 2014-09-30 | $715.78M | -1.75% |
| 2014-06-30 | $728.53M | 6.35% |
| 2014-03-31 | $685.06M | -4.16% |
| 2013-12-31 | $714.79M | 3.31% |
| 2013-09-30 | $691.88M | -4.89% |
| 2013-06-30 | $727.43M | 1.23% |
| 2013-03-31 | $718.57M | 4.96% |
| 2012-12-31 | $684.65M | -1.85% |
| 2012-09-30 | $697.55M | -6.25% |
| 2012-06-30 | $744.04M | 2.33% |
| 2012-03-31 | $727.12M | 4.70% |
| 2011-12-31 | $694.51M | -1.01% |
| 2011-09-30 | $701.62M | 0.33% |
| 2011-06-30 | $699.29M | 16.71% |
| 2011-03-31 | $599.18M | 6.18% |
| 2010-12-31 | $564.29M | 8.66% |
| 2010-09-30 | $519.34M | 0.73% |
| 2010-06-30 | $515.58M | 9.48% |
| 2010-03-31 | $470.96M | 1.84% |
| 2009-12-31 | $462.45M | 4.67% |
| 2009-09-30 | $441.80M | 6.90% |
| 2009-06-30 | $413.28M | 0.37% |
| 2009-03-31 | $411.75M | -21.75% |
| 2008-12-31 | $526.19M | -16.86% |
| 2008-09-30 | $632.89M | -9.56% |
| 2008-06-30 | $699.83M | 12.83% |
| 2008-03-31 | $620.23M | 6.88% |
| 2007-12-31 | $580.28M | - |
Lincoln Electric generated $1.02B in revenue during Q2 2024, up 4.22% compared to the previous quarter, and up 98.30% compared to the same period a year ago.
Lincoln Electric Revenue Breakdown
Lincoln Electric Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Welding Consumables | $2.21B | $2.18B | $1.86B | $1.51B | $1.72B |
| Welding Equipment | $1.98B | $1.58B | $1.38B | $1.15B | $1.29B |
Lincoln Electric's latest annual revenue breakdown by segment (product or service), as of Dec 23: Welding Consumables (52.78%), and Welding Equipment (47.22%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Welding Equipment | $475.26M | $1.03B | $482.65M | $469.66M | $403.53M | $387.64M | $400.73M | $386.29M | $362.94M | $340.63M | $350.89M | $322.84M | $302.97M | $289.71M | $257.06M | $296.15M | $330.09M | $309.80M | $332.16M | $316.22M |
| Welding Consumables | $546.42M | $1.06B | $577.91M | $569.68M | $527.41M | $547.60M | $568.86M | $539.16M | $481.31M | $465.83M | $475.56M | $434.18M | $390.82M | $379.18M | $333.67M | $405.84M | $406.21M | $420.98M | $444.85M | $442.96M |
Lincoln Electric's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Welding Consumables (53.48%), and Welding Equipment (46.52%).
Lincoln Electric Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Americas Welding | $2.78B | - | - | - | - |
| Other foreign countries | - | $1.63B | $1.51B | - | - |
| United States | - | - | $1.73B | - | - |
| U | - | - | - | $1.43B | - |
| Other Foreign Countries | - | - | - | $1.22B | $1.39B |
| UNITED STATES | - | - | - | - | $1.62B |
Lincoln Electric's latest annual revenue breakdown by geography, as of Dec 23: Americas Welding (100.00%).
Quarterly Revenue by Country
| Country | Jun 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Americas Welding | $686.74M | $1.42B | $676.97M | $690.96M | $603.07M | $620.98M | $624.69M | $562.21M | $510.92M | $498.99M | $497.23M | $457.99M | $400.90M | $360.72M | $443.32M | $465.94M | $474.62M | $511.42M | $457.72M | $455.22M |
Lincoln Electric's latest quarterly revenue breakdown by geography, as of Jun 24: Americas Welding (100.00%).
Lincoln Electric Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| SWK | Stanley Black & Decker | $15.78B | $4.02B |
| SNA | Snap-on | $5.11B | $1.28B |
| TKR | Timken Company | $4.77B | $1.18B |
| TTC | Toro Company | $4.55B | $1.16B |
| LECO | Lincoln Electric | $4.19B | $1.02B |
| KMT | Kennametal | $2.05B | $515.79M |
| RBCP | RBC Bearings | $1.56B | $406.30M |
| HLMN | Hillman Solutions | $1.48B | $379.43M |
| EML | Eastern Company | $273.45M | $73.15T |
| PFIN | P&F Industries | $59.04M | $14.40M |
LECO Revenue FAQ
What is Lincoln Electric’s yearly revenue?
Lincoln Electric's yearly revenue for 2023 was $4.19B, representing an increase of 11.44% compared to 2022. The company's yearly revenue for 2022 was $3.76B, representing an increase of 16.30% compared to 2021. LECO's yearly revenue for 2021 was $3.23B, representing an increase of 21.80% compared to 2020.
What is Lincoln Electric’s quarterly revenue?
Lincoln Electric's quarterly revenue for Q2 2024 was $1.02B, a 4.22% increase from the previous quarter (Q1 2024), and a -3.67% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $980.36M, a -7.38% decrease from the previous quarter (Q4 2023), and a -5.68% decrease year-over-year (Q1 2023). LECO's quarterly revenue for Q4 2023 was $1.06B, a 2.45% increase from the previous quarter (Q3 2023), and a 13.70% increase year-over-year (Q4 2022).
What is Lincoln Electric’s revenue growth rate?
Lincoln Electric's revenue growth rate for the last 3 years (2021-2023) was 29.60%, and for the last 5 years (2019-2023) was 39.57%.
What are Lincoln Electric’s revenue streams?
Lincoln Electric's revenue streams in c 23 are Welding Consumables, and Welding Equipment. Welding Consumables generated $2.21B in revenue, accounting 52.78% of the company's total revenue, up 1.34% year-over-year. Welding Equipment generated $1.98B in revenue, accounting 47.22% of the company's total revenue, up 25.42% year-over-year.
What is Lincoln Electric’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Lincoln Electric was Welding Consumables. This segment made a revenue of $2.21B, representing 52.78% of the company's total revenue.