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.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ESAB Corp reported the fourth quarter ended December 31, 2023 results: revenue $689 million, net income $58 million, EPS $0.96 diluted earnings per share. Guidance initiated.

Period: the fourth quarter ended December 31, 2023
Revenue: $689 million
Net income: $58 million
EPS: $0.96 diluted earnings per share
Guidance: initiated
Result: reported results

Exact text from the filing

“Company”) (NYSE: ESAB), a focused premier industrial compounder, today announced record financial results f or the fourth quarter of 2023. ESAB reported fourth quarter sales of $689 million, an increase of 4% on an as reported basis or 4% higher core organic growth before acquisitions and currency translation impacts, as compared to the prior year. ESAB also

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Source: SEC EDGAR

accession 0001877322-24-000034

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