Lincoln Electric (LECO) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Lincoln Electric Revenue Highlights

Latest Revenue (Y)

$4.19B

Latest Revenue (Q)

$983.76M

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
2024-09-30	$983.76M	-3.67%
2024-06-30	$1.02B	4.17%
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 $983.76M in revenue during Q3 2024, up -3.67% compared to the previous quarter, and up 92.76% 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	Sep 24	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
Welding Consumables	$514.58M	$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
Welding Equipment	$469.18M	$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

Lincoln Electric's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Welding Consumables (52.31%), and Welding Equipment (47.69%).

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	-	-
Other Foreign Countries	-	-	-	$1.22B	$1.39B
U	-	-	-	$1.43B	-
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	Sep 24	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
Americas Welding	$667.87M	$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

Lincoln Electric's latest quarterly revenue breakdown by geography, as of Sep 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	$3.75B
SNA	Snap-on	$5.11B	$1.15B
TKR	Timken Company	$4.77B	$1.13B
TTC	Toro Company	$4.55B	$1.16B
LECO	Lincoln Electric	$4.19B	$983.76M
KMT	Kennametal	$2.05B	$481.95M
HLMN	Hillman Solutions	$1.48B	$743.60M
EML	Eastern Company	$273.45M	$71.27T

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 Q3 2024 was $983.76M, a -3.67% decrease from the previous quarter (Q2 2024), and a -4.79% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.02B, a 4.17% increase from the previous quarter (Q1 2024), and a -3.71% decrease year-over-year (Q2 2023). LECO'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).

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.