earnings
confidence high
sentiment neutral
materiality 0.75
ESAB Q2 net income $84M, core adj EBITDA margin 20.1%, lowers full-year sales guidance
ESAB Corp
2024-Q2 EPS reported
$2.33
revenue$1,396,797,000
- Q2 sales $707M (-2% reported, +1% core organic); core adj EBITDA $134M (+6% YoY), margin 150 bps expansion to 20.1%.
- Diluted GAAP EPS $1.37, core adj EPS $1.32.
- FY2024 core sales growth cut to (2.5%)-(0.5%) from 1.5%-3.5%; core adj EBITDA $495-$515M from $500-$520M; core adj EPS $4.75-$4.95 unchanged.
- Completed acquisition of Linde Bangladesh welding business to strengthen Asia position.
- CEO cites focus on high-growth markets (India, Middle East) and margin improvement via EBX.