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Dec 31, 2023
ESAB Q4 2023 Earnings Report
ESAB achieved record sales and margin performance, with sales and core organic growth up 4%, and operating income and core adjusted EBITDA significantly increased.
Key Takeaways
ESAB Corporation reported record fourth quarter sales of $689 million, a 4% increase year-over-year. Net income from continuing operations was $58 million, or $0.96 diluted earnings per share, while core adjusted EBITDA rose 18% to $126 million with margins expanding to 19.4%.
Record fourth quarter sales and margin performance achieved.
Sales and core organic growth increased by 4%.
Reported operating income reached $104 million.
Core adjusted EBITDA increased by 18% to $126 million.
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 2.5% to 4.5% and total core sales growth of 1.5% to 3.5% in 2024, with core adjusted EBITDA of $495 to $515 million and core adjusted EPS of $4.65 to $4.85.
Positive Outlook
- Expected core organic growth of 2.5% to 4.5%.
- Anticipated total core sales growth of 1.5% to 3.5%.
- Core adjusted EBITDA projected between $495 to $515 million.
- Core adjusted EPS expected to be $4.65 to $4.85.
- Cash conversion greater than 95%.
Challenges Ahead
- Currency headwinds expected to be approximately (1.0%).
- Impact of supply chain disruptions.
- Impact on creditworthiness and financial viability of customers.
- Impact of the war in Ukraine and escalating geopolitical tensions.
- Other impacts on the Company’s business and ability to execute business continuity plans.
Revenue & Expenses
Visualization of income flow from segment revenue to net income