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Apr 01, 2022
ESAB Q1 2022 Earnings Report
Achieved record sales and adjusted EPS, successfully separated from Enovis Corporation.
Key Takeaways
ESAB Corporation reported strong first quarter 2022 results, with record sales of $647.9 million, a 14% increase on a reported basis, and adjusted EPS of $1.17. The company also achieved adjusted EBITDA of $109.3 million, up 16% versus the prior year. ESAB reaffirmed its full year 2022 guidance, excluding Russia for the remainder of the year.
Reported $0.96 EPS from continuing operations and achieved $1.17 of adjusted EPS.
Grew sales 14%, including organic growth of 18%, to a record $648 million.
Achieved adjusted EBITDA of $109 million, up 16% versus prior year.
First quarter results in-line with expectations and reaffirmed 2022 full year guidance.
ESAB
ESAB
ESAB Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEMEA & APAC Revenue
CapyFin.com Forward Guidance
The Company reported strong first quarter results, and reiterated its full year 2022 guidance, which excludes Russia for the remainder of the year. We continue to expect $2.45-$2.50 billion of sales with organic growth of 4%-7% and total reported sales growth of 2%-4%, full year adjusted EBITDA of $400-$420 million, adjusted EPS of $3.85-$4.05 and free cash flow of greater than $210 million.
Positive Outlook
- Expect $2.45-$2.50 billion of sales
- Expect organic growth of 4%-7%
- Expect total reported sales growth of 2%-4%
- Expect full year adjusted EBITDA of $400-$420 million
- Expect adjusted EPS of $3.85-$4.05
Challenges Ahead
- Guidance excludes Russia for the remainder of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income