earnings
confidence high
sentiment positive
materiality 0.80
ESAB Q4 2023 sales $689M, core adj EBITDA $126M (+18%); guides FY2024
ESAB Corp
2023-FY EPS reported
$3.36
revenue$2,774,766,000
- Q4 sales $689M (+4% core organic growth vs prior year); net income $58M ($0.96 diluted EPS).
- Core adjusted net income $69M ($1.13 diluted EPS); core adjusted EBITDA $126M, margin 19.4% (+200 bps).
- FY2024 outlook: core organic growth 2.5%-4.5%; core adjusted EBITDA $495M-$515M; core adjusted EPS $4.65-$4.85.
- CEO cites strong execution, new products driving growth and EBX initiatives expanding margins.