ESAB Q3 sales $681M (+10%); net income $59M; raises FY23 guidance

ESAB Corp

2023-Q3 EPS reported $2.54 revenue$2,085,418,000

Q3 sales $681M (+10% reported, +7% core organic); net income $59M, diluted EPS $0.97.
Core adjusted EBITDA $118M (+23% YoY), margin 18.3% (+170 bps).
Core adjusted net income $66M, adjusted diluted EPS $1.08.
FY23 guidance raised: core sales growth 6.5-7.5%, adj EBITDA $465-475M, adj EPS $4.30-$4.40.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ESAB Corp reported third quarter ended September 29, 2023 results: revenue $681 million, net income $59 million or $0.97 diluted earnings per share, EPS $0.97 diluted earnings per share. Guidance raised.

Period: third quarter ended September 29, 2023
Revenue: $681 million
Net income: $59 million or $0.97 diluted earnings per share
EPS: $0.97 diluted earnings per share
Guidance: raised
Result: reported results

Exact text from the filing

ESAB reported third quarter sales of $681 million, an increase of 10% on a reported basis or 7% higher core organic growth before acquisitions and currency translation impacts, as compared to the prior year. ESAB also reported third quarter net income from continuing operations attributable to ESAB of $59 million or $0.97 diluted earnings per share and core adjusted net income of $66 million or $1.08 diluted earnings per share.

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Source: SEC EDGAR

accession 0001877322-23-000023

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