ESAB Q2 2023 Earnings Report
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.
ESAB
ESAB
ESAB 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