ESAB Q2 2023 sales $720M (+9%); net income $67M; raises full-year guidance

ESAB Corp

2023-Q2 EPS reported $1.60 revenue$1,404,422,000

Record Q2 sales of $720M (+9% reported, +6% core organic growth vs. Q2 2022).
Reported net income from continuing ops of $67M ($1.10 diluted EPS); core adj. EPS $1.21.
Core adjusted EBITDA $127M, up 20% YoY; margins expanded 200 bps to 18.6%.
Raised FY 2023 outlook: core sales growth 6.0%-7.5%, core adj. EBITDA $450-$465M.
Core adjusted EPS guidance raised to $4.10-$4.30 (prior $3.85-$4.05).

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 0.95

ESAB Corp reported second quarter ended June 30, 2023 results: revenue $720 million, net income $67 million, EPS $1.10 diluted earnings per share. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $720 million
Net income: $67 million
EPS: $1.10 diluted earnings per share
Guidance: raised
Result: reported results

Exact text from the filing

ESAB reported second quarter sales of $720 million, an increase of 9% on a reported basis or 6% higher core organic growth before acquisitions and currency translation impacts, as compared to the prior year quarter. ESAB also reported second quarter net income from continuing operations attributable to ESAB of $67 million or $1.10 diluted earnings per share and core adjusted net income of $74 million or $1.21 diluted earnings per share.

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Source: SEC EDGAR

accession 0001877322-23-000017

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