Loading...
•
Sep 29, 2023
ESAB Q3 2023 Earnings Report
ESAB achieved record sales and margin performance, driven by organic growth and effective cost management.
Key Takeaways
ESAB Corporation reported record third-quarter results, with a 10% increase in sales and a 7% core organic growth. The company's operating income was $101 million, and the core adjusted EBITDA rose by 23% to $118 million. Based on the strong year-to-date performance, ESAB has raised its full-year 2023 outlook.
Record third quarter sales and margin performance achieved.
Sales increased by 10%, with core organic growth of 7%.
Operating income reported at $101 million, and core adjusted EBITDA increased by 23% year-over-year.
Full-year 2023 outlook was raised due to strong year-to-date results and continued momentum.
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 total core sales growth of 6.5% to 7.5%, core organic sales growth of 5.0% to 6.0%, core adjusted EBITDA of $465 to $475 million, and core adjusted EPS of $4.30 to $4.40.
Positive Outlook
- Total core sales growth expected between 6.5% and 7.5%.
- Core organic sales growth projected to be 5.0% to 6.0%.
- Core adjusted EBITDA anticipated to be in the range of $465 to $475 million.
- Core adjusted EPS expected to be between $4.30 and $4.40.
- Raised from prior guidance
Revenue & Expenses
Visualization of income flow from segment revenue to net income