Esab: Q4 Financial Highlights

Esab Corp. Announces Fourth-Quarter Financial Results

Esab Corp., headquartered in North Bethesda, Maryland, revealed a net profit of $37.7 million for the fourth quarter.

The company reported earnings of $0.61 per share. After adjusting for special items, earnings reached $1.35 per share.

These adjusted earnings surpassed analysts’ expectations, as the consensus from five Zacks Investment Research analysts had predicted $1.34 per share.

During the quarter, Esab generated $721 million in revenue. Adjusted revenue stood at $687.6 million, slightly below the $687.7 million anticipated by three analysts surveyed by Zacks.

For the full year, Esab posted a profit of $226.8 million, or $3.67 per share, with total revenue amounting to $2.7 billion.

Looking ahead, the company forecasts its annual earnings per share to fall between $5.70 and $5.90.

Financial data for this article was sourced from Zacks Investment Research and compiled by Automated Insights.