ESAB Q1 sales $690M, adj. EBITDA margin 18.8%; raises FY2024 outlook

ESAB Corp

2024-Q1 EPS reported $0.98 revenue$689,744,000

Sales $690M (+1% reported, +2% core organic); GAAP EPS $1.00, core adj. EPS $1.20.
Core adj. EBITDA $123M (+9% YoY); margin 18.8% (+140bps).
Raised FY2024 guidance: core adj. EBITDA to $500-520M (from $495-515M), core adj. EPS to $4.75-4.95 (from $4.65-4.85).
Completed acquisition of Sager S.A. and announced agreement to buy SUMIG Ltda; expects faster-growing, higher-margin operations.
Strengthened balance sheet with a bond offering (no details provided).

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 updated its Full Year 2024 guidance (raised).

Period: Full Year 2024
Guidance: raised
Result: guidance update

Exact text from the filing

ESAB raised its estimated core adjusted EBITDA to $500 to $520 million and core adjusted EPS to $4.75 to $4.95, up from our prior guidance of core adjusted EBITDA of $495 to $515 million and core adjusted EPS of $4.65 to $4.85.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

ESAB Corp reported financial results for the first quarter ended March 29, 2024.

Period: the first quarter ended March 29, 2024
Result: reported results

Exact text from the filing

On May 1, 2024 , the Company issued a press release reporting financial results for the first quarter ended March 29, 2024.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

ESAB Corp reported financial results for the first quarter of 2024.

Period: the first quarter of 2024
Result: reported results

Exact text from the filing

ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, today announced financial results for the first quarter of 2024.

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379 earnings releases filed in the last 30 days. Browse all earnings releases →

ESAB Corp filing history →

Source: SEC EDGAR

accession 0001877322-24-000087

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