NYSE$ESAB
ESAB Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
ESAB Corporation's Q1 2023 financial performance was marked by sales growth and increased profitability.
ESAB Corporation reported a 6% increase in sales, driven by a 7% core organic growth in Q1 2023. The company's net income was $33 million, with core adjusted EBITDA rising by 12% to $113 million. ESAB raised its full-year 2023 outlook, expecting continued growth and profitability.
- Sales increased by 6% with a core organic growth of 7%.
- Net income from continuing operations attributable to ESAB was $33 million.
- Core adjusted EBITDA increased by 12% to $113 million, with margins expanding by 80 basis points to 17.4%.
- Full year 2023 outlook was raised due to strong Q1 performance and resilient end markets.
Headline financials
Revenue & EPS history
ESAB · Revenue · Quarterly
$684M
Forward guidance
ESAB raised its full year 2023 outlook and expects core organic sales growth of 3.5% to 5.5%, total core sales growth of 4.0% to 6.0%, core adjusted EBITDA of $430 to $450 million, and core adjusted EPS of $3.85 to $4.05.
Tailwinds
- Core organic sales growth expected between 3.5% and 5.5%.
- Total core sales growth projected to be between 4.0% and 6.0%.
- Core adjusted EBITDA anticipated in the range of $430 to $450 million.
- Core adjusted EPS expected to be between $3.85 and $4.05.
- Previous guidance was raised.
Headwinds
- Macroeconomic conditions
- Supply chain disruptions
- War in Ukraine
- Geopolitical tensions
- Fluctuations in foreign exchange rates
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2023
+1.6%
Avg return
Earnings day
+4.0%
Avg return
5 days after
+3.6%
Avg return
30 days after
52%
11 / 21 earnings
Positive
+14.2%
Q3 2023
Best reaction
-5.7%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | -7.3% | -13.4% | |
| Q4 2025 | -1.5% | -4.5% | -27.9% | |
| Q3 2025 | -5.7% | -5.0% | -7.3% | |
| Q1 2025 | -1.6% | +1.8% | +2.4% | |
| Q4 2024 | -4.0% | -1.3% | -4.9% | |
| Q3 2024 | +12.6% | +10.8% | +15.1% | |
| Q2 2024 | -5.5% | -5.3% | +6.9% | |
| Q1 2024 | -2.2% | +1.6% | -2.9% | |
| Q4 2023 | +2.0% | +2.0% | +13.9% | |
| Q3 2023 | +14.2% | +18.5% | +24.9% | |
| Q2 2023 | +4.4% | +3.6% | +5.1% | |
| Q1 2023 | +3.3% | +4.5% | +4.5% | |
| Q4 2022 | +3.1% | +0.4% | -6.4% | |
| Q3 2022 | +9.1% | +11.9% | +31.8% | |
| Q3 2021 | +9.1% | +11.9% | +31.8% | |
| Q2 2022 | +0.2% | +2.5% | -9.0% | |
| Q2 2021 | +0.2% | +2.5% | -9.0% | |
| Q1 2022 | -1.5% | +8.9% | +5.0% | |
| Q4 2021 | -1.5% | +8.9% | +5.0% | |
| Q4 2020 | -1.5% | +8.9% | +5.0% | |
| Q1 2021 | -1.5% | +8.9% | +5.0% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro