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ESAB Corporation - ESAB STOCK NEWS

Welcome to our dedicated page for ESAB Corporation news (Ticker: ESAB), a resource for investors and traders seeking the latest updates and insights on ESAB Corporation stock.

ESAB Corporation (symbol: ESAB) is a prominent manufacturer specializing in equipment and consumables for welding, cutting, and joining applications. The company was spun off from Colfax in 2022, establishing itself as an independent entity. ESAB is recognized as one of the top three players in the welding industry, alongside Lincoln Electric and ITW's Miller brand.

In 2023, ESAB generated an impressive $2.8 billion in revenue, reflecting its strong market position and broad customer base. The company's product lineup includes welding machines, cutting systems, and welding consumables, catering to a variety of industries such as automotive, construction, and shipbuilding.

Recent Achievements and Projects:

  • Innovation in Cutting Technology: ESAB continues to innovate with its latest advancements in cutting technology, offering more precise, efficient, and cost-effective solutions for its customers.
  • Global Partnerships: The company has established key partnerships to expand its reach and enhance its product offerings, ensuring that it remains at the forefront of the welding industry.
  • Sustainability Initiatives: ESAB is committed to sustainability, implementing eco-friendly practices and developing products that reduce environmental impact.

ESAB's financial health is robust, with continuous investments in research and development to maintain its competitive edge. The company is known for its customer-centric approach, providing exceptional after-sales service and technical support.

For investors and stakeholders, ESAB represents a reliable and innovative player in the welding industry, consistently delivering value through its high-quality products and strategic market positioning.

News
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ESAB Corporation (ESAB) declares a quarterly cash dividend of $0.06 per share of common stock, payable on January 12, 2024, to shareholders of record as of December 29, 2023.
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ESAB Corporation (NYSE: ESAB) announced record financial results for Q3 2023. Sales increased by 10% to $681 million, with core organic growth of 7%. Operating income reached $101 million, and core adjusted EBITDA rose by 23% to $118 million. ESAB raised its full-year 2023 outlook, expecting total core sales growth of 6.5% to 7.5% and core adjusted EPS of $4.30 to $4.40.
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ESAB Corporation to host 2023 Investor Day on December 5, 2023
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ESAB Corporation will release its financial results for Q3 2023 on November 1, 2023. A conference call will be held to discuss the results, open to the public. A replay of the call will be available on the company's website.
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ESAB Corporation declares quarterly cash dividend of $0.06 per share
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ESAB Corporation will participate in the virtual 21st CL King Annual Best Ideas Conference 2023 on September 18, 2023. The presentation will be held at 8:45 a.m. EST. The live audio webcast and a replay of the event will be available on the company's website.
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ESAB Corporation (NYSE: ESAB) announced record financial results for Q2 2023, with sales up 9% and core organic growth of 6%. Reported net income was $67 million, and core adjusted EBITDA was $127 million, up 20% from the prior year. The company raised its full year 2023 outlook, expecting total core sales growth of 6.0% to 7.5% and core adjusted EPS of $4.10 to $4.30.
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ESAB Corporation and GRI Renewable Industries have entered a partnership to collaborate on green projects and support their commitment to sustainable businesses. The partnership will focus on initiatives such as the transition to green energy and reducing environmental footprints.
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ESAB Corporation to present at the 2023 Stifel Cross Sector Insight Conference
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FAQ

What is the current stock price of ESAB Corporation (ESAB)?

The current stock price of ESAB Corporation (ESAB) is $120.67 as of December 20, 2024.

What is the market cap of ESAB Corporation (ESAB)?

The market cap of ESAB Corporation (ESAB) is approximately 7.4B.

What does ESAB Corporation specialize in?

ESAB Corporation specializes in manufacturing equipment and consumables for welding, cutting, and joining applications.

When was ESAB spun off from Colfax?

ESAB was spun off from Colfax in 2022.

Who are ESAB's main competitors?

ESAB's main competitors include Lincoln Electric and ITW's Miller brand.

How much revenue did ESAB generate in 2023?

ESAB generated approximately $2.8 billion in revenue in 2023.

What industries does ESAB serve?

ESAB serves various industries, including automotive, construction, and shipbuilding.

What are some recent achievements of ESAB?

Recent achievements include innovation in cutting technology, global partnerships, and sustainability initiatives.

How does ESAB approach sustainability?

ESAB is committed to sustainability by implementing eco-friendly practices and developing products that reduce environmental impact.

What is ESAB known for in terms of customer service?

ESAB is known for its exceptional after-sales service and technical support.

What kind of products does ESAB offer?

ESAB offers welding machines, cutting systems, and welding consumables.

Why is ESAB significant to investors?

ESAB is significant to investors due to its strong market position, innovative products, and consistent revenue generation.

ESAB Corporation

NYSE:ESAB

ESAB Rankings

ESAB Stock Data

7.36B
56.60M
6.37%
94.89%
1.04%
Metal Fabrication
General Industrial Machinery & Equipment, Nec
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United States of America
NORTH BETHESDA