ESAB Q3 2024 Earnings Report
Key Takeaways
ESAB Corporation reported a slight decrease in third quarter sales, but achieved a 1% increase on a core organic growth basis. The company reported net income of $69 million, or $1.13 diluted earnings per share, and core adjusted net income of $77 million, or $1.25 diluted earnings per share. Core adjusted EBITDA rose 6% with margin expansion. The company has updated its full year 2024 outlook with an increased core adjusted EBITDA and EPS.
Positive core organic growth
New equipment gaining traction
EBX driving record margin
Raised mid-point of 2024 outlook
ESAB
ESAB
ESAB Revenue by Geographic Location
Forward Guidance
ESAB updated its estimated core adjusted EBITDA for the full year 2024 to $500 to $515 million, and core adjusted EPS to $4.80 to $4.95.
Revenue & Expenses
Visualization of income flow from segment revenue to net income