ESAB Corp

ESAB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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ESAB Earnings: Strong Results Fueled by New Product Launches and Demand in India and the Middle East

Krzysztof Smalec

Oct 29, 2024

Narrow-moat-rated ESAB posted strong third-quarter results, delivering a 6% year-over-year increase in adjusted EBITDA, fueled by strong equipment sales as well as growth in India and the Middle East. We’ve raised our fair value estimate to $106 from $96, driven by our more optimistic revenue growth and operating margin assumptions as well as time value of money since our last update.

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ESAB Corp

ESAB Earnings: Strong Results Fueled by New Product Launches and Demand in India and the Middle East

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