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Mar 29, 2024
ESAB Q1 2024 Earnings Report
ESAB demonstrated record first quarter sales and margin performance, driven by EBX and strategic acquisitions.
Key Takeaways
ESAB Corporation reported a strong start to 2024 with record first quarter sales of $690 million, a 1% increase year-over-year, and core organic growth of 2%. Core adjusted EBITDA rose by 9% to $123 million, with margins expanding by 140 basis points to 18.8%. The company completed the acquisition of Sager S. A. and announced an agreement to acquire SUMIG Ltda.
Achieved record first quarter sales and margin performance.
EBX is expected to drive improved full year margins.
Strengthened balance sheet with successful bond offering.
Completed acquisition of Sager S. A. and announced agreement to acquire SUMIG Ltda.
Revenue by Geographic Location
Forward Guidance
ESAB expects total core sales growth of 1.5% to 3.5% and core organic sales growth of 2.5% to 4.5%. The company raised its estimated core adjusted EBITDA to $500 to $520 million and core adjusted EPS to $4.75 to $4.95.
Positive Outlook
- Total core sales growth of 1.5% to 3.5%
- Core organic sales growth of 2.5% to 4.5%
- M&A of ~0.5%
- Core adjusted EBITDA to $500 to $520 million
- Core adjusted EPS to $4.75 to $4.95
Challenges Ahead
- FX of ~(1.5)%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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