ESAB raises FY23 adjusted EPS view to $4.30-$4.40 from $4.10-$4.30

Consensus is for FY23 EPS $4.24. ESAB raised its FY23 outlook and expects total core sales growth of 6.5%-7.5%, core organic sales growth of 5.0%-6.0%, core adjusted EBITDA of $465M-$475M up from our prior guidance of total core sales growth of 6.0%-7.5%, core organic sales growth of 4.0%-5.5%, and core adjusted EBITDA of $450M-$465M.