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Dec 31, 2022
ESAB Q4 2022 Earnings Report
Achieved strong financial results with increased sales and core organic growth
Key Takeaways
ESAB Corporation reported a 6% increase in fourth-quarter sales, reaching $664 million, with an 11% core organic growth. The company's GAAP net income was $59 million, with diluted earnings per share at $0.97. Core adjusted EBITDA rose by 10% to $107 million.
Diluted EPS from continuing operations reached $0.97, and core adjusted diluted EPS was $1.05.
Sales increased by 6%, with core organic growth of 11%.
Net income from continuing operations attributable to ESAB was $59 million.
Core adjusted EBITDA increased by 10% to $107 million compared to the prior year.
ESAB
ESAB
ESAB Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEMEA & APAC Revenue
CapyFin.com Forward Guidance
ESAB expects core organic growth of 3% to 5% and total core sales growth of 2% to 4% in 2023. Core adjusted EBITDA is projected to be between $420 to $440 million, with core adjusted EPS ranging from $3.80 to $4.00 and cash conversion greater than 90%.
Positive Outlook
- Core organic growth of 3% to 5% expected.
- Total core sales growth of 2% to 4% expected.
- Approximately 2.5% growth from acquisitions.
- Core adjusted EBITDA of $420 to $440 million expected.
- Cash conversion of greater than 90% expected.
Challenges Ahead
- Approximately (3.5)% from currency headwinds.
- No other negatives were mentioned in the provided text.
- No other negatives were mentioned in the provided text.
- No other negatives were mentioned in the provided text.
- No other negatives were mentioned in the provided text.
Revenue & Expenses
Visualization of income flow from segment revenue to net income