earnings
confidence high
sentiment positive
materiality 0.85
ESAB Q3 core adjusted EBITDA margin expands 130bps to 19.6%; raises mid-point of FY 2024 outlook
ESAB Corp
2024-Q3 EPS reported
$3.44
revenue$2,070,047,000
- Q3 sales $673M, core organic growth +1% YoY; net income $69M ($1.13 diluted EPS).
- Core adjusted EPS $1.25, core adjusted EBITDA $125M (margin 19.6%, record high).
- Full-year 2024 core adjusted EBITDA guidance raised to $500–$515M from $495–$515M.
- Full-year 2024 core adjusted EPS guidance raised to $4.80–$4.95 from $4.75–$4.95.
- CEO cites new products, commercial transformation, and EBX for margin expansion.