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Jun 30, 2023
ESAB Q2 2023 Earnings Report
ESAB achieved record sales and margin performance, driven by strategic vision and operational efficiency.
Key Takeaways
ESAB Corporation reported record financial results for the second quarter of 2023, with sales up 9% and core organic growth of 6%. Net income from continuing operations attributable to ESAB was $67 million, and core adjusted EBITDA rose 20% to $127 million. The company raised its full-year 2023 outlook due to strong first-half performance and confidence in its long-term strategy.
Sales increased by 9% with a core organic growth of 6%.
Net income from continuing operations attributable to ESAB was $67 million.
Core adjusted EBITDA increased by 20% to $127 million.
Full-year 2023 outlook was raised.
Revenue by Geographic Location
Forward Guidance
ESAB raised its full year 2023 outlook and expects total core sales growth of 6.0% to 7.5%, core organic sales growth of 4.0% to 5.5%, core adjusted EBITDA of $450 to $465 million, and core adjusted EPS of $4.10 to $4.30.
Positive Outlook
- Total core sales growth is expected to be 6.0% to 7.5%.
- Core organic sales growth is projected to be 4.0% to 5.5%.
- Core adjusted EBITDA is anticipated to be between $450 to $465 million.
- Core adjusted EPS is forecasted to be $4.10 to $4.30.
- The raised outlook reflects confidence in the company's long-term strategy.
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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