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ESAB Corporation - ESAB STOCK NEWS

Welcome to our dedicated page for ESAB Corporation news (Ticker: ESAB), a resource for investors and traders seeking the latest updates and insights on ESAB Corporation stock.

ESAB Corporation (symbol: ESAB) is a prominent manufacturer specializing in equipment and consumables for welding, cutting, and joining applications. The company was spun off from Colfax in 2022, establishing itself as an independent entity. ESAB is recognized as one of the top three players in the welding industry, alongside Lincoln Electric and ITW's Miller brand.

In 2023, ESAB generated an impressive $2.8 billion in revenue, reflecting its strong market position and broad customer base. The company's product lineup includes welding machines, cutting systems, and welding consumables, catering to a variety of industries such as automotive, construction, and shipbuilding.

Recent Achievements and Projects:

  • Innovation in Cutting Technology: ESAB continues to innovate with its latest advancements in cutting technology, offering more precise, efficient, and cost-effective solutions for its customers.
  • Global Partnerships: The company has established key partnerships to expand its reach and enhance its product offerings, ensuring that it remains at the forefront of the welding industry.
  • Sustainability Initiatives: ESAB is committed to sustainability, implementing eco-friendly practices and developing products that reduce environmental impact.

ESAB's financial health is robust, with continuous investments in research and development to maintain its competitive edge. The company is known for its customer-centric approach, providing exceptional after-sales service and technical support.

For investors and stakeholders, ESAB represents a reliable and innovative player in the welding industry, consistently delivering value through its high-quality products and strategic market positioning.

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ESAB (NYSE: ESAB) will issue its second quarter 2024 financial results on the morning of August 2, 2024. Following the release, a conference call will take place at 8:00 a.m. Eastern Time to discuss the results. The call is open to the public via phone and webcast. The financial results and supplementary information will be available on ESAB's website before the call, and a replay will be accessible later that day. ESAB, a premier industrial compounder founded in 1904, employs around 9,000 associates and serves customers in approximately 150 countries from its base in North Bethesda, Maryland.

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ESAB has announced a new distribution agreement with INFRA Group to expand the availability of its welding and gas control equipment in Mexico. This strategic partnership aims to accelerate growth in ESAB's Americas business by leveraging INFRA's extensive market reach.

INFRA, a leading provider of industrial and medical gases and welding products in Mexico, will distribute ESAB's innovative equipment, including the award-winning Renegade VOLT™, and products from the Rogue™, Rustler™, and Arcair™ lines. This agreement is expected to enhance service levels, create new sales opportunities, and drive future growth in Mexico.

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ESAB (NYSE: ESAB) announced its agreement to acquire Linde Industries Private (LIPL), a leader in welding consumables and equipment in Bangladesh. This marks ESAB's third acquisition in 2023, aiming to bolster their presence in the fast-growing South Asian market.

According to President and CEO Shyam P. Kambeyanda, the acquisition will enhance ESAB's ability to serve regional end markets and customers with their award-winning equipment and consumables. LIPL reported approximately $20 million in sales for 2023 and is margin accretive. The transaction is expected to close later this year, pending shareholder approvals and closing conditions.

Founded in 1904, ESAB employs around 9,000 associates and serves customers in approximately 150 countries. For more information, visit www.ESABcorporation.com.

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ESAB announced a 33% increase in its quarterly cash dividend, from $0.06 to $0.08 per share, payable on July 12, 2024. The Company's President and CEO, Shyam P. Kambeyanda, highlighted the successful execution of strategic goals and strong cash flow generation. ESAB , founded in 1904, is a premier industrial compounder based in North Bethesda, Maryland.

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ESAB announced record first-quarter sales and margin performance, reporting a 1% increase in sales and a 2% increase in core organic growth compared to the previous year. The company also reported $61 million in net income and $1.00 diluted earnings per share. ESAB is focused on driving growth and margin expansion through its ESAB Business Excellence strategy. The company strengthened its balance sheet with a successful bond offering and completed the acquisition of Sager S.A. and announced an agreement to acquire SUMIG Ltda. ESAB's outlook for full-year 2024 includes expected total core sales growth of 1.5% to 3.5% and core adjusted EBITDA of $500 to $520 million.

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ESAB announces a new commitment to have 50% of its global electricity sourced from renewable energy by 2030. The company's sustainability report highlights workplace health and safety achievements and environmental goals, including a 50% reduction in GHG emissions by 2035.
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ESAB (NYSE: ESAB) will release its financial results for the first quarter of 2024 on May 1, 2024. A conference call will be held to discuss the results, open to the public. Details for accessing the call are provided in the press release.
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ESAB announced the pricing of $700 million aggregate principal amount of 6.25% Senior Notes due 2029, increasing from the initial $600 million. The proceeds will repay borrowings under its senior term loan A-3 facility, with the rest for general corporate purposes. The offering is expected to close on April 9, 2024. The Notes are not registered under the Securities Act of 1933 and may only be offered to qualified institutional buyers under Rule 144A or certain persons outside the United States under Regulation S.
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ESAB announces plan to offer $600 million senior notes to repay borrowings and for general corporate purposes.
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ESAB Corporation reports record fourth-quarter sales and margin performance with sales and core organic growth up 4%. Operating income reached $104 million, and core adjusted EBITDA was $126 million, up 18% from the previous year. ESAB also initiated its full-year 2024 outlook.
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FAQ

What does ESAB Corporation specialize in?

ESAB Corporation specializes in manufacturing equipment and consumables for welding, cutting, and joining applications.

When was ESAB spun off from Colfax?

ESAB was spun off from Colfax in 2022.

Who are ESAB's main competitors?

ESAB's main competitors include Lincoln Electric and ITW's Miller brand.

How much revenue did ESAB generate in 2023?

ESAB generated approximately $2.8 billion in revenue in 2023.

What industries does ESAB serve?

ESAB serves various industries, including automotive, construction, and shipbuilding.

What are some recent achievements of ESAB?

Recent achievements include innovation in cutting technology, global partnerships, and sustainability initiatives.

How does ESAB approach sustainability?

ESAB is committed to sustainability by implementing eco-friendly practices and developing products that reduce environmental impact.

What is ESAB known for in terms of customer service?

ESAB is known for its exceptional after-sales service and technical support.

What kind of products does ESAB offer?

ESAB offers welding machines, cutting systems, and welding consumables.

Why is ESAB significant to investors?

ESAB is significant to investors due to its strong market position, innovative products, and consistent revenue generation.

ESAB Corporation

NYSE:ESAB

ESAB Rankings

ESAB Stock Data

5.91B
60.42M
6.39%
93.18%
1.49%
Heating Equipment (except Warm Air Furnaces) Manufacturing
Manufacturing
Link
United States of America
NORTH BETHESDA