ESABQ2Earnings: Surpassing Expectations and Raising Outlook
Strong Financial Performance
ESAB Corporation (ESAB) reported impressive second-quarter earnings that exceeded analyst expectations. The company reported earnings per share (EPS) of 141, beating the consensus estimate of 127. ESAB also delivered earnings and revenue surprises of 39.4% and 13.8%, respectively, for the quarter.
Revenue Growth and Outlook
ESAB achieved positive organic revenue growth of 1% in the second quarter. The company raised its full-year 2023 outlook and now expects total core sales growth of 6.0% to 7.5%, with core organic sales growth of 4.0% to 5.0%.
Conference Call Details
ESAB Corporation will host a conference call to discuss its Q2 2023 earnings results on August 2, 2023, at 8:00 AM EST. Investors and analysts can participate in the call by dialing (800) 263-5692.
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