Welcome to our dedicated page for ESAB news (Ticker: ESAB), a resource for investors and traders seeking the latest updates and insights on ESAB stock.
ESAB Corporation (ESAB) delivers innovative welding and cutting solutions for global industrial markets. This news hub provides investors and professionals with essential updates on corporate developments, financial performance, and technological advancements.
Access timely press releases covering earnings reports, product innovations, strategic partnerships, and operational milestones. Our curated collection serves as a centralized resource for understanding ESAB's market position in metal fabrication and industrial equipment sectors.
Key updates include manufacturing expansions, sustainability initiatives, and leadership announcements. All content is verified through official corporate channels to ensure accuracy and relevance for decision-makers in construction, energy, and advanced manufacturing industries.
Bookmark this page for ongoing access to ESAB's latest developments. Combine these updates with fundamental analysis tools to maintain informed perspectives on this industrial technology leader.
ESAB Corporation (NYSE: ESAB) reported strong financial results for Q4 2022, with a 6% increase in sales to $664 million and core organic growth of 11%. The company achieved a diluted EPS of $0.97 and core adjusted EPS of $1.05, with net income from continuing operations of $59 million. Core adjusted EBITDA rose 10% to $107 million. ESAB completed key acquisitions, Swift-Cut and Therapy Equipment, enhancing its fabrication and gas control technology. For 2023, the company projects core organic growth of 3% to 5% and adjusted EBITDA of $420 to $440 million, showing confidence in its continued momentum and market position.
ESAB Corporation (NYSE: ESAB) has declared a quarterly cash dividend of
ESAB Corporation (NYSE: ESAB) will release its fourth-quarter 2022 financial results on March 7, 2023, at 8:00 a.m. Eastern Time. A conference call will follow to discuss the results, accessible by calling +1-888-550-5302 (U.S.) or +1-646-960-0685 (International) and using conference ID 4669992. The call will also be available via webcast on ESAB's website. Financial results and supporting information will be posted under the 'Investors' section prior to the call, with a replay available later that day.
ESAB Corporation (NYSE: ESAB) has declared a quarterly cash dividend of $0.05 per share for its common stock. This dividend is scheduled for payment on January 13, 2023 to shareholders recorded as of December 30, 2022. The company is recognized as a leader in fabrication and gas control technology, providing advanced equipment and digital solutions that contribute significantly to various sectors.
ESAB Corporation has launched the innovative Renegade VOLT™ 200i during its first SparkWeek virtual event. This new battery-powered welding system, developed with Stanley Black & Decker, features interchangeable DEWALT® FLEXVOLT® batteries, providing portability for various industries including construction and maintenance. Over the week from November 14 to 18, ESAB announced more than a dozen new products, enhancing its portfolio significantly. The Renegade VOLT is set to be available for purchase in Q1 2023.
ESAB Corporation (NYSE: ESAB) announced the pricing of an underwritten offering of 6,003,431 shares from its former parent company, Enovis Corporation, at $40.00 per share. ESAB will not sell any shares nor receive proceeds from this offering. Enovis plans to exchange the shares for indebtedness that Goldman Sachs will manage as the selling stockholder. The offering is expected to close on November 18, 2022, subject to conditions. A registration statement for this offering was declared effective on November 15, 2022.
ESAB Corporation (NYSE: ESAB) has announced an underwritten offering of 6,003,431 shares of its common stock, all owned by its former parent company, Enovis Corporation. ESAB will not sell any shares or receive proceeds from this offering. Enovis plans to exchange the shares for its indebtedness owned by Goldman Sachs & Co. LLC. Goldman Sachs and Evercore ISI are the joint lead book-runners for this offering. The registration statement related to this offering has been filed with the SEC but is not yet effective, meaning shares cannot be sold until it is.
ESAB announces the launch of its inaugural SparkWeek, a virtual event scheduled from
Each day will feature a specific theme, including portable welding, software and automation, cutting, PPE, and an industry-changing product announcement. Viewers can engage with ESAB product managers in real-time during these premieres. This initiative highlights ESAB's commitment to innovation in the fabrication technology sector.
ESAB Corporation has announced a strategic partnership with Northern Tool + Equipment, expanding its retail presence in the U.S. This collaboration will allow welders and fabricators of all experience levels to access ESAB's premium products, including the ESAB Sentinel welding helmet and Rebel™ welding machines. Products will be available in over 125 Northern Tool locations and online. The partnership aims to enhance product availability and meet the growing demand for high-quality welding equipment across America.
ESAB Corporation (NYSE: ESAB) reported strong Q3 2022 results with sales of $620 million, up 2%, and core organic growth of 10%. The net income from continuing operations was $53 million ($0.88 diluted EPS), while core adjusted diluted EPS reached $0.92. The company completed the acquisition of Ohio Medical for $127 million, enhancing its gas control business with over $400 million in sales. ESAB expects core organic growth of 11-14% and revised its core adjusted EPS guidance to $4.00-$4.10 for 2022. The company continues to focus on innovation, including the launch of the Renegade VOLT™ welder.
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