Company Reports

ESAB's second-quarter organic sales rose roughly 2.5% year over year, supported by 0.5% volume growth and 2% price increases. Core adjusted EBITDA margin contracted 90 basis points year over year on higher oil prices amid Middle East tensions and dilution from the EWM acquisition.

ESAB is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. The company is one of the top three players in the welding solutions space, alongside Lincoln Electric and ITW’s Miller brand.

ESAB increased first-quarter total sales by 10% and adjusted EBITDA by 6% from the prior-year period. Adjusted EBITDA margin compressed by 80 basis points year over year to 19%.

ESAB is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. The company is one of the top three players in the welding solutions space, alongside Lincoln Electric and ITW’s Miller brand.

ESAB is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. The company is one of the top three players in the welding solutions space, alongside Lincoln Electric and ITW’s Miller brand.

ESAB announced that it has agreed to acquire Eddyfi Technologies, a provider of advanced inspection and monitoring technologies, for $1.45 billion. Management expects the deal to close in mid-2026.

ESAB is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. The company is one of the top three players in the welding solutions space, alongside Lincoln Electric and ITW’s Miller brand.

ESAB's third-quarter organic sales increased by roughly 2% from the prior-year period. Management raised the bottom end of its full-year adjusted earnings per share guidance by a nickel to $5.20-$5.30.

ESAB is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. The company is one of the top three players in the welding solutions space, alongside Lincoln Electric and ITW’s Miller brand.

ESAB is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. The company is one of the top three players in the welding solutions space, alongside Lincoln Electric and ITW’s Miller brand.

ESAB grew its second-quarter adjusted EBITDA by 3% year over year to $138 million. Management raised its full-year adjusted EBITDA guidance range by $5 million on both ends to $525 million-$535 million.

Despite a challenging macroeconomic environment, narrow-moat-rated ESAB increased its first-quarter adjusted EPS by 4% year over year to $1.25. We’ve raised our fair value estimate to $122 from $120, as our slightly more optimistic midcycle operating margin assumptions and time value of money were partially offset by our more conservative near-term volume growth projections.

ESAB is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. The company is one of the top three players in the welding solutions space, alongside Lincoln Electric and ITW’s Miller brand.

ESAB is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. The company is one of the top three players in the welding solutions space, alongside Lincoln Electric and ITW’s Miller brand.

Narrow-moat-rated ESAB ended 2024 in strong fashion, as its full-year core adjusted earnings per share of $5.06 beat our estimate by $0.12. After rolling our model forward one year, we’ve increased our fair value estimate to $120 per share from $106, which reflects our slightly more optimistic midcycle operating margin assumptions and time value of money.

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.

ESAB is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. The company is one of the top three players in the welding solutions space, alongside Lincoln Electric and ITW’s Miller brand.

ESAB is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. The company is one of the top three players in the welding solutions space, alongside Lincoln Electric and ITW’s Miller brand.

Following narrow-moat-rated ESAB's second-quarter earnings release, we've raised our fair value estimate to $96 per share from $93, driven by our slightly more optimistic operating margin assumptions and time value of money, partially offset by reduced near-term revenue growth expectations.

Narrow-moat-rated ESAB posted solid first-quarter results, featuring a 9% year-over-year increase in adjusted EBITDA. Management raised its guidance for full-year 2024 and now expects adjusted EPS of $4.75 to $4.95 (up from $4.65 to $4.85), which reflects higher margins as well as a lower interest expense. We've raised our fair value estimate to $93 from $90 due to our slightly more optimistic operating margin assumptions and time value of money.