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Mar 31, 2023
ESAB Q1 2023 Earnings Report
ESAB Corporation's Q1 2023 financial performance was marked by sales growth and increased profitability.
Key Takeaways
ESAB Corporation reported a 6% increase in sales, driven by a 7% core organic growth in Q1 2023. The company's net income was $33 million, with core adjusted EBITDA rising by 12% to $113 million. ESAB raised its full-year 2023 outlook, expecting continued growth and profitability.
Sales increased by 6% with a core organic growth of 7%.
Net income from continuing operations attributable to ESAB was $33 million.
Core adjusted EBITDA increased by 12% to $113 million, with margins expanding by 80 basis points to 17.4%.
Full year 2023 outlook was raised due to strong Q1 performance and resilient end markets.
ESAB
ESAB
ESAB Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEMEA & APAC Revenue
CapyFin.com Forward Guidance
ESAB raised its full year 2023 outlook and expects core organic sales growth of 3.5% to 5.5%, total core sales growth of 4.0% to 6.0%, core adjusted EBITDA of $430 to $450 million, and core adjusted EPS of $3.85 to $4.05.
Positive Outlook
- Core organic sales growth expected between 3.5% and 5.5%.
- Total core sales growth projected to be between 4.0% and 6.0%.
- Core adjusted EBITDA anticipated in the range of $430 to $450 million.
- Core adjusted EPS expected to be between $3.85 and $4.05.
- Previous guidance was raised.
Challenges Ahead
- Macroeconomic conditions
- Supply chain disruptions
- War in Ukraine
- Geopolitical tensions
- Fluctuations in foreign exchange rates
Revenue & Expenses
Visualization of income flow from segment revenue to net income