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ESAB Corporation (NYSE: ESAB) is a globally recognized manufacturer specializing in welding, cutting, and joining solutions. The company offers a comprehensive range of products, including welding equipment, cutting systems, and consumables, which are essential for metal fabrication and repair processes across diverse industries such as construction, energy, transportation, and manufacturing. With a history rooted in innovation, ESAB has established itself as a trusted name in the welding space, delivering solutions that combine advanced technology, reliability, and efficiency.
Core Business Areas
At the heart of ESAB's operations is its dual-focus business model, which includes the production of capital equipment and consumables. The capital equipment segment encompasses welding machines, automated cutting systems, and other tools that enable high-precision metalworking. The consumables segment, which includes electrodes, wires, and fluxes, provides a recurring revenue stream as these materials are essential for ongoing welding and cutting operations. This balanced approach not only diversifies ESAB's revenue sources but also strengthens its customer relationships by offering end-to-end solutions.
Industry Position and Competitive Landscape
ESAB is a prominent player in the welding and cutting industry, competing alongside key rivals such as Lincoln Electric and ITW's Miller brand. Together, these companies dominate the global market, which is driven by demand for durable, high-performance equipment and consumables. ESAB differentiates itself through its commitment to innovation, offering products that integrate cutting-edge technologies such as automation, robotics, and IoT-enabled systems. This focus on technological advancement positions ESAB as a forward-thinking leader in a mature yet evolving industry.
Market Reach and Customer Base
With a global footprint, ESAB serves a diverse customer base ranging from small-scale contractors to large industrial enterprises. Its products are utilized in critical applications such as infrastructure development, shipbuilding, automotive manufacturing, and renewable energy projects. The company's extensive distribution network ensures that its solutions are accessible to customers worldwide, further solidifying its market presence.
Challenges and Opportunities
Operating in a competitive and resource-intensive market, ESAB faces challenges such as fluctuating raw material costs, the need for continuous innovation, and the pressure to adhere to stringent industry standards. However, these challenges also present opportunities for growth. By investing in research and development, ESAB can continue to enhance its product offerings and maintain its competitive edge. Additionally, the rising demand for automated and sustainable welding solutions aligns with ESAB's expertise in advanced technologies, positioning the company to capitalize on emerging market trends.
Significance in the Industry
ESAB's contributions to the welding and cutting industry extend beyond its product portfolio. The company plays a pivotal role in advancing industry standards, fostering innovation, and supporting the global manufacturing ecosystem. Its commitment to quality, reliability, and customer satisfaction underscores its reputation as a trusted partner for industrial applications worldwide.
ESAB (NYSE: ESAB), a focused premier industrial compounder founded in 1904, has announced its Board of Directors' declaration of a quarterly cash dividend of $0.08 per share of common stock. The dividend will be paid on April 17, 2025, to shareholders of record as of April 4, 2025.
The company, headquartered in North Bethesda, Maryland, employs approximately 9,300 associates and serves customers in about 150 countries. ESAB's operations are supported by their innovative products, workflow solutions, and business system ESAB Business Excellence.
ESAB reported Q4 2024 sales of $671 million, showing flat core organic growth but a 3% decrease on a reported basis compared to the previous year. The company achieved net income from continuing operations of $72 million, or $1.18 diluted earnings per share, with core adjusted net income of $79 million ($1.28 per share).
Core adjusted EBITDA reached $129 million, rising 2% with margins expanding 90 basis points to 20.3%. The company completed the acquisition of SUMIG in Q4 2024 and announced an agreement to acquire Bavaria Schweisstechnik GmbH. For 2025, ESAB projects core organic growth of 0.0% to 2.0% and total core sales growth of -2.0% to 0.0%, factoring in -3.5% currency headwinds and 1.5% M&A growth. The company expects core adjusted EBITDA of $515-530 million and core adjusted EPS of $5.10-5.25 for 2025.
ESAB (NYSE: ESAB) has announced it will release its fourth quarter 2024 financial results on Thursday, February 20, 2025, followed by a conference call at 8:00 a.m. Eastern. The conference call will be accessible to U.S. callers at +1-888-550-5302 and international callers at +1-646-960-0685 using conference ID 4669992.
The financial results and any supplemental information will be available on ESAB's website under the 'Investors' section. A replay of the call will also be made available on the website. Founded in 1904, ESAB is a premier industrial compounder employing approximately 9,000 associates and serving customers in about 150 countries from its North Bethesda, Maryland base.
ESAB (NYSE: ESAB) announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share of common stock. The dividend will be paid on January 17, 2025, to shareholders of record as of December 31, 2024. ESAB, founded in 1904, is a premier industrial compounder employing approximately 9,000 associates and serving customers in about 150 countries from its North Bethesda, Maryland headquarters.
Over 150 plaintiffs have filed a lawsuit against Cape PLC, its subsidiaries and affiliates including Anglo American, De Beer Group, and ESAB Corp for importing and distributing carcinogenic asbestos in the United States. The lawsuit alleges that Cape, which sold more than 95% of asbestos used in industry and U.S. Navy ships, concealed known health risks and created complex corporate structures to avoid liability. The case includes plaintiffs suffering from mesothelioma and lung cancer, as well as families of deceased victims. A South Carolina court has appointed a receiver after the companies and insurers failed to respond to previous lawsuits.
ESAB reported Q3 2024 sales of $673 million, showing a 1% decrease on a reported basis but a 1% increase in core organic growth. The company achieved net income of $69 million ($1.13 per share) and core adjusted net income of $77 million ($1.25 per share). Core adjusted EBITDA reached $125 million, up 6% with margin expanding 130 basis points to 19.6%. ESAB updated its 2024 outlook, now expecting full-year core organic sales growth of 0.0% to 1.0%, with core adjusted EBITDA projected at $500-515 million and core adjusted EPS of $4.80-4.95.
A South Carolina court has set a trial date of Feb. 3, 2025, to determine if Anglo-American, PLC (OTCQX: NGLOY), ESAB Corp. (NYSE: ESAB), and billionaire Mohed Altrad are responsible for billions in asbestos liabilities. The case stems from Cape Asbestos' distribution of asbestos to U.S. companies. A court-appointed receiver filed suit in June 2023 against these entities for unjust enrichment and responsibility for Cape's actions. ESAB is alleged to be the ultimate parent company of entities controlling Cape, while Anglo American owns 85% of De Beers. Mohed Altrad, convicted of bribery in France, is identified as Cape's current majority shareholder through Altrad Group. The case highlights decades of alleged avoidance of harm caused by Cape's asbestos, which is known to cause fatal cancers.
ESAB (NYSE: ESAB) has announced its schedule for the third quarter 2024 earnings release and conference call. The company will issue a press release with financial results on the morning of Tuesday, October 29, 2024. A conference call to discuss these results will be held at 8:00 a.m. Eastern on the same day.
The call will be accessible to the public via phone and webcast through ESAB's website. U.S. callers can dial +1-888-550-5302, while international callers should use +1-646-960-0685, referencing the conference ID number 4669992. The financial results press release and any supplemental information will be available on ESAB's website prior to the call. A replay link will also be provided on the website later that day.
ESAB (NYSE: ESAB), a premier industrial compounder, has announced a quarterly cash dividend of $0.08 per share of common stock. The dividend is payable on October 11, 2024 to shareholders of record as of September 27, 2024. Founded in 1904, ESAB employs approximately 9,000 associates and serves customers in about 150 countries. The company's focus is on innovative products, workflow solutions, and its business system ESAB Business Excellence (EBX), aligning with its purpose of 'Shaping the world we imagine'.
ESAB's InduSuite platform has launched FloCloud, a cloud-based gas monitoring software solution. FloCloud combines GCE's gas control products with InduSuite's WeldCloud software to create a gas manifold with Mesh WiFi-enabled sensors that communicate data to an online application. The software features an analytics dashboard that tracks gas consumption, sends notifications for pressure drops or flow issues, and provides cost analysis for job estimating.
Early adopters have reported significant benefits, including:
- A petrochemical industry customer saved over €1 million on gas spend and 240,000 liters in welding gas use
- Another customer eliminated €6,000 daily losses from production line shutdowns due to gas cylinder swaps
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