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Stock impact report

ESAB Corporation Announces Fourth Quarter 2024 Results and Initiates Full Year 2025 Guidance

ESAB Corporation (ESAB) 
Company Research Source: Business Wire
Flat core organic growthHigh-single-digit welding equipment growthEBX driving record marginCompleted acquisition of SUMIGSigned agreement to acquire Bavaria NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, today announced strong financial results for the fourth quarter of 2024.ESAB reported fourth quarter sales of $671 million, a decrease of 3% on a reported basis or a flat core organic growth before acquisitions and currency translation impacts, as compared to the prior year. ESAB also reported fourth quarter net income from continuing operations attributable to ESAB of $72 million or $1.18 diluted earnings per share and core adjusted net income of $79 million or $1.28 diluted earnings per share. Core adjusted EBITDA of $129 million rose 2% and margins expanded 90 basis points to 20.3%, both as compared to the prior year quarter.“Our teams delivered another strong quarter, closing another year o Show less Read more
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