ESAB Corporation reports company news tied to its industrial equipment and consumables business for welding, cutting and joining applications. Updates include operating and financial results, dividend declarations, capital-structure actions, and governance changes at the public-company level.
Company announcements also cover product and portfolio developments within ESAB-backed gas control businesses, including GCE Specialty, GCE Medical and GCE Industrial equipment for specialty, medical and industrial applications.
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ESAB Corporation, a leader in connected fabrication and gas control technology, will announce its Q1 2023 financial results on May 2, 2023. The release will be followed by a public conference call at 8:00 a.m. Eastern, accessible to U.S. and international callers. Interested parties can join by phone or via webcast on the ESAB website.
Detailed financial information will be available beforehand in the Investors section of the ESAB website. A replay of the call will also be provided later that day, ensuring transparency and accessibility for stakeholders.
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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 $0.05 per share, payable on April 14, 2023. Shareholders of record by March 31, 2023 will receive this dividend. Founded in 1904, ESAB is a leader in connected fabrication technology and gas control solutions, operating globally with approximately 9,000 associates in about 150 countries. The company emphasizes innovation and aims to shape the future through its business system, EBX.
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.