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ESAB Corporation (ESAB)
NYSE:ESAB
Holding ESAB?
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.17Last Year’s EPS
$1.13Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 8.30%
|Next Earnings Date:Mar 11, 2025
Earnings Call Sentiment|Positive
ESAB's third-quarter performance showcased strong financial results with record margins and cash flow, driven by growth in high-potential markets like India and the Middle East. Despite challenges in Europe and the Americas, particularly in specific sectors, the company's strategic initiatives and acquisitions reflect a positive trajectory.Company Guidance
In the ESAB Corporation's third-quarter 2024 earnings call, the company reported strong performance with several key financial metrics. The adjusted EBITDA margins expanded by 130 basis points to a record 19.6%, and year-to-date adjusted free cash flow reached $215 million. Sales guidance was raised by 0.5 points at the midpoint to 0%-1%, with adjusted EBITDA increased by $5 million at the midpoint to a range of $500 million to $515 million. The adjusted EPS was also raised to a range of $4.80 to $4.95. Notably, the company achieved double-digit growth in equipment sales and positive growth in its gas control business, driven by strong demand in high-growth markets like India and the Middle East. Additionally, ESAB's organic sales increased by 100 basis points, and the company demonstrated robust cash flow generation with $96 million in the quarter and a cash conversion rate exceeding 120%.Record Third Quarter Margins
Adjusted EBITDA margins expanded 130 basis points to reach a record 19.6% for the third quarter.
Robust Cash Flow Generation
Year-to-date, ESAB generated a record $215 million in adjusted free cash flow, with $96 million generated in the third quarter alone.
Positive Volume Growth in High-Growth Markets
Strong demand in high-growth markets such as India, other parts of Asia, and the Middle East helped counterbalance slower markets.
Significant Progress in India and Middle East
ESAB is training 5,000-plus welders annually in India and has a backlog of orders extending 5 years in the Middle East.
Increased Sales Guidance
Sales guidance has been raised 0.5 point at the midpoint to 0% to 1%, benefiting from high-growth markets and continued share gains in equipment.
Successful Acquisition of Linde Bangladesh
Part of the free cash flow was used to fund the acquisition of Linde Bangladesh, which is integrating well into ESAB.
120th Anniversary Celebration
ESAB celebrated its 120th year in business, highlighting its long history of innovation and customer engagement.
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ESAB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ESAB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $111.42 | $125.53 | +12.66% |
| Aug 02, 2024 | $98.17 | $95.92 | -2.29% |
| May 01, 2024 | $105.71 | $101.09 | -4.37% |
| Feb 29, 2024 | $96.87 | $98.91 | +2.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ESAB Corporation (ESAB) report earnings?
ESAB Corporation (ESAB) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is ESAB Corporation (ESAB) earnings time?
ESAB Corporation (ESAB) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ESAB EPS forecast?
ESAB EPS forecast for the fiscal quarter 2024 (Q4) is $1.17.
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