ESAB Q1 sales $684M (+7% core organic), adj EBITDA $113M (+12%); raises FY outlook

ESAB Corp

2023-Q1 EPS reported $0.52 revenue$684,000,000

Sales $684M, core organic growth 7% YoY; core adj EBITDA $113M (+12%), margin 17.4% (+80bps).
Reported net income $33M ($0.54 EPS); core adj net income $63M ($1.04 EPS).
FY2023 guidance raised: core adj EBITDA now $430-450M (prev $420-440M), core adj EPS $3.85-$4.05.
Core organic sales growth outlook raised to 3.5%-5.5% from 3%-5%; total core sales growth 4%-6%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ESAB Corp reported first quarter ended March 31, 2023 results: revenue $684 million, net income $33 million, EPS $0.54 diluted earnings per share. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $684 million
Net income: $33 million
EPS: $0.54 diluted earnings per share
Guidance: raised
Result: reported results

Exact text from the filing

ESAB Corporation reported first quarter sales of $684 million, an increase of 6% on a reported basis or 7% higher core organic growth before acquisitions and currency translation impacts, as compared to the prior year quarter. ESAB also reported first quarter net income from continuing operations attributable to ESAB of $33 million or $0.54 diluted earnings per share and core adjusted net income of $63 million or $1.04 diluted earnings per share.

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Source: SEC EDGAR

accession 0001628280-23-014740

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