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Laser powder bed fusion additive manufacturing is used for demanding applications in industries such as aerospace. However, machine-specific, optimized process conditions and parameters are required to assure consistent part quality. In addition, differences in supplied powder can cause variation in the mechanical properties of the final parts. In this paper, the variability in mechanical properties of 316L stainless steel produced with two different laser powder bed fusion machines from two different powder batches was studied by producing an identical set of tensile and impact toughness test specimens. The samples were subjected to stress-relieving, solution annealing and hot isostatic pressing to assess the effectiveness of standardized heat-treatments in reducing variation in the mechanical properties of the built parts. Porosity, microstructure, tensile properties, and impact toughness of the specimens were measured to study the effect of changing the material, machine, and heat treatment. The maximum differences observed between the studied machine-powder combinations were approximately 7% for tensile properties and approximately 20% for impact toughness. HIP reduced the variability in all other studied properties except elongation. All the specimens fulfil the minimum requirements set in ASTM F3184-16 for AM 316L.