ESAB Corp Stock Price, News & Analysis

ESAB announces the launch of its inaugural SparkWeek, a virtual event scheduled from November 14 to November 18. This week-long event will unveil 16 new products in welding and fabrication, aiming to enhance ESAB's market position.

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.

ESAB Corporation (NYSE: ESAB) has acquired Ohio Medical, a leader in oxygen regulators and central gas systems, for $127 million. This acquisition is expected to enhance ESAB's market presence in North America, increase revenues to over $400 million, and be accretive to adjusted EPS in the first year. Ohio Medical generated over $45 million in sales with gross margins exceeding 40% in the past year. The deal is financed using cash on hand, maintaining a net leverage ratio below 3x at year-end 2022. Details will be shared during the earnings call on November 3, 2022.

ESAB Corporation announced it will release its financial results for the third quarter of 2022 on November 3, 2022, at 8:00 a.m. Eastern. A conference call will follow, accessible to the public via phone or through a webcast on the company’s website. ESAB is a leader in fabrication and specialty gas control technology, providing advanced equipment and digital solutions. The financial results release and additional materials will be available on ESAB’s Investors section prior to the call.

ESAB Corporation (NYSE: ESAB) announced a quarterly cash dividend of $0.05 per share, payable on October 14, 2022, to shareholders of record as of September 30, 2022. This dividend reflects the company's commitment to returning value to its shareholders.

ESAB Corporation reported second quarter 2022 results, achieving record sales of $661.2 million, a 5% increase, supported by 9% organic growth. Adjusted EBITDA rose 6% to $110.5 million, with margins expanding slightly. The company reaffirmed its full-year guidance, anticipating $2.45-$2.50 billion in sales and adjusted EPS of $3.85-$4.05. A successful extension of a $600 million term loan was completed, enhancing financial flexibility. ESAB aims to leverage new product innovation, including a new partnership with Hexagon, to drive future growth.

ESAB Corporation (NYSE: ESAB) has announced that it will release its second quarter 2022 financial results on August 9, 2022, with a conference call starting at 8:00 a.m. Eastern. Investors can access the call by dialing +1-888-550-5302 (U.S.) or +1-646-960-0685 (International) and using conference ID 4669992. The results and any supplemental information will be available on the Company’s website prior to the call, along with a replay link.

ESAB is a leader in fabrication and specialty gas control technology.

ESAB Corporation (NYSE: ESAB) announced that President & CEO Shyam P. Kambeyanda and CFO Kevin Johnson will present at the UBS Global Industrials and Transportation Conference on June 7, 2022, at 8:50 a.m. EDT in New York City. The event will be live-streamed on ESAB's website, where replays will also be available afterward. As a leader in fabrication and specialty gas control technology, ESAB provides advanced equipment and digital solutions that impact various industries. Investors can find more information on the company's website.