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Jul 01, 2022
ESAB Q2 2022 Earnings Report
ESAB Corporation reported strong second quarter results with increased sales and record adjusted EBITDA, while reaffirming full year 2022 guidance.
Key Takeaways
ESAB Corporation announced record second quarter sales of $661.2 million, a 5% increase, including 9% organic growth. Adjusted EBITDA rose 6% to $110.5 million, and the company reaffirmed its full year 2022 guidance.
Reported $0.94 diluted EPS from continuing operations and $1.14 of adjusted diluted EPS.
Sales increased 5%, including organic growth of 9%, reaching a record $661 million.
Achieved record adjusted EBITDA of $111 million, up 6% versus prior year.
Successfully extended $600 million term loan and fixed the interest rate.
Revenue by Geographic Location
Forward Guidance
ESAB continues to expect $2.45-$2.50 billion of sales with 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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