ESAB Corporation Board Declares Increased Dividend

Rhea-AI Summary

ESAB announced a 33% increase in its quarterly cash dividend, from $0.06 to $0.08 per share, payable on July 12, 2024. The Company's President and CEO, Shyam P. Kambeyanda, highlighted the successful execution of strategic goals and strong cash flow generation. ESAB , founded in 1904, is a premier industrial compounder based in North Bethesda, Maryland.

Positive

• 33% increase in quarterly cash dividend

• Successful execution of strategic goals

• Strong cash flow generation

• Company's rich history of innovative products

• Global presence in approximately 150 countries

Negative

• None.

NORTH BETHESDA, Md.--(BUSINESS WIRE)-- ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today that its Board of Directors has declared an increased quarterly cash dividend of $0.08 per share of the Company’s common stock. The dividend represents a 33% increase in the Company’s quarterly cash dividend, from $0.06 per share to $0.08 per share, or to $0.32 per share on an annualized basis. The dividend is payable on July 12, 2024 to stockholders of record as of June 28, 2024.

“We are proud to announce a double-digit increase in our dividend for our second straight year as a public company,” stated Shyam P. Kambeyanda, President and CEO of ESAB Corporation. “The dividend reflects our ability to successfully execute our strategic goals, generate strong cash flow quarter-over-quarter and deliver value to our stockholders.”

About ESAB Corporation

Founded in 1904, ESAB Corporation (NYSE: ESAB) is a focused premier industrial compounder. The Company’s rich history of innovative products, workflow solutions and business system ESAB Business Excellence, enables the Company’s purpose of Shaping the World We Imagine^TM. ESAB Corporation is based in North Bethesda, Maryland and employs approximately 9,000 associates and serves customers in approximately 150 countries. To learn more, visit www.ESABcorporation.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240509082264/en/

Investor Relations Contact:

Mark Barbalato

Vice President, Investor Relations

E-mail: investorrelations@esab.com

Phone: 1-301-323-9098

Media Contact:

Tilea Coleman

Vice President, Corporate Communications

E-mail: mediarelations@esab.com

Phone: 1-301-323-9092

Source: ESAB Corporation

FAQ

What is the increased quarterly cash dividend for ESAB ?

ESAB declared an increased quarterly cash dividend of $0.08 per share.

When is the dividend payable for ESAB shareholders?

The dividend is payable on July 12, 2024.

Who is the President and CEO of ESAB ?

Shyam P. Kambeyanda is the President and CEO of ESAB

Where is ESAB headquartered?

ESAB is based in North Bethesda, Maryland.

When was ESAB founded?

ESAB was founded in 1904.

How many countries does ESAB serve?

ESAB serves customers in approximately 150 countries.