ESAB reports Q3 adjusted EPS $1.08, consensus 94c

Reports Q3 revenue $681M, consensus $632.15M. “ESAB delivered another impressive quarter characterized by organic growth, margin expansion, and cash flow, confidently propelling us closer to our long-term objectives,” stated Shyam P. Kambeyanda, President and CEO of ESAB Corporation. “In September, we proudly unveiled ESAB’s cutting-edge equipment and automation solutions at the Fabtech and Essen trade shows, captivating the interest of end-users and generating excitement among our valued customers. Our end markets continue to demonstrate resilience, and the ongoing success of our ESAB Business Excellence system (EBX) is facilitating growth, margin expansion and robust cash flow generation. Based on our year-to-date results and continued momentum entering the fourth quarter, ESAB has raised and narrowed its FY23 guidance.”