ESAB Corporation Announces Third Quarter 2024 Results
ESAB Corporation (ESAB)
Company Research
Source: Business Wire
Positive core organic growthNew equipment gaining tractionEBX driving record marginRaised mid-point of 2024 outlook NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, today announced financial results for the third quarter of 2024.ESAB reported third quarter sales of $673 million, a decrease of 1% on a reported basis or an increase of 1% on a core organic growth basis before acquisitions and currency translation, as compared to the prior year. ESAB also reported third quarter net income from continuing operations attributable to ESAB 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 of $125 million rose 6% and margin expanded 130 basis points to 19.6%, both as compared to the prior year quarter.“ESAB delivered another strong quarter, marked by positive volume growth, record margin, and robust cash
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ESAB
Earnings
- 10/29/24 - Beat
ESAB
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/1/24 - Form 4
- ESAB's page on the SEC website