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.
ESAB Corporation (NYSE: ESAB) has announced an underwritten offering of 6,003,431 shares of its common stock, all owned by its former parent company, Enovis Corporation. ESAB will not sell any shares or receive proceeds from this offering. Enovis plans to exchange the shares for its indebtedness owned by Goldman Sachs & Co. LLC. Goldman Sachs and Evercore ISI are the joint lead book-runners for this offering. The registration statement related to this offering has been filed with the SEC but is not yet effective, meaning shares cannot be sold until it is.
ESAB announces the launch of its inaugural SparkWeek, a virtual event scheduled from
Each day will feature a specific theme, including portable welding, software and automation, cutting, PPE, and an industry-changing product announcement. Viewers can engage with ESAB product managers in real-time during these premieres. This initiative highlights ESAB's commitment to innovation in the fabrication technology sector.
ESAB Corporation has announced a strategic partnership with Northern Tool + Equipment, expanding its retail presence in the U.S. This collaboration will allow welders and fabricators of all experience levels to access ESAB's premium products, including the ESAB Sentinel welding helmet and Rebel™ welding machines. Products will be available in over 125 Northern Tool locations and online. The partnership aims to enhance product availability and meet the growing demand for high-quality welding equipment across America.
ESAB Corporation (NYSE: ESAB) reported strong Q3 2022 results with sales of $620 million, up 2%, and core organic growth of 10%. The net income from continuing operations was $53 million ($0.88 diluted EPS), while core adjusted diluted EPS reached $0.92. The company completed the acquisition of Ohio Medical for $127 million, enhancing its gas control business with over $400 million in sales. ESAB expects core organic growth of 11-14% and revised its core adjusted EPS guidance to $4.00-$4.10 for 2022. The company continues to focus on innovation, including the launch of the Renegade VOLT™ welder.
ESAB Corporation (NYSE: ESAB) has acquired Ohio Medical, a leader in oxygen regulators and central gas systems, for $127 million. This acquisition is expected to enhance ESAB's market presence in North America, increase revenues to over $400 million, and be accretive to adjusted EPS in the first year. Ohio Medical generated over $45 million in sales with gross margins exceeding 40% in the past year. The deal is financed using cash on hand, maintaining a net leverage ratio below 3x at year-end 2022. Details will be shared during the earnings call on November 3, 2022.
ESAB Corporation announced it will release its financial results for the third quarter of 2022 on November 3, 2022, at 8:00 a.m. Eastern. A conference call will follow, accessible to the public via phone or through a webcast on the company’s website. ESAB is a leader in fabrication and specialty gas control technology, providing advanced equipment and digital solutions. The financial results release and additional materials will be available on ESAB’s Investors section prior to the call.
ESAB Corporation (NYSE: ESAB) announced a quarterly cash dividend of $0.05 per share, payable on October 14, 2022, to shareholders of record as of September 30, 2022. This dividend reflects the company's commitment to returning value to its shareholders.
ESAB Corporation reported second quarter 2022 results, achieving record sales of $661.2 million, a 5% increase, supported by 9% organic growth. Adjusted EBITDA rose 6% to $110.5 million, with margins expanding slightly. The company reaffirmed its full-year guidance, anticipating $2.45-$2.50 billion in sales and adjusted EPS of $3.85-$4.05. A successful extension of a $600 million term loan was completed, enhancing financial flexibility. ESAB aims to leverage new product innovation, including a new partnership with Hexagon, to drive future growth.
ESAB Corporation (NYSE: ESAB) has announced that it will release its second quarter 2022 financial results on August 9, 2022, with a conference call starting at 8:00 a.m. Eastern. Investors can access the call by dialing +1-888-550-5302 (U.S.) or +1-646-960-0685 (International) and using conference ID 4669992. The results and any supplemental information will be available on the Company’s website prior to the call, along with a replay link.
ESAB is a leader in fabrication and specialty gas control technology.
ESAB Corporation (NYSE: ESAB) announced that President & CEO Shyam P. Kambeyanda and CFO Kevin Johnson will present at the UBS Global Industrials and Transportation Conference on June 7, 2022, at 8:50 a.m. EDT in New York City. The event will be live-streamed on ESAB's website, where replays will also be available afterward. As a leader in fabrication and specialty gas control technology, ESAB provides advanced equipment and digital solutions that impact various industries. Investors can find more information on the company's website.
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