NYSE$ESAB

ESAB Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

ESAB Corporation reported strong second quarter results with increased sales and record adjusted EBITDA, while reaffirming full year 2022 guidance.

ESAB Corporation announced record second quarter sales of $661.2 million, a 5% increase, including 9% organic growth. Adjusted EBITDA rose 6% to $110.5 million, and the company reaffirmed its full year 2022 guidance.

  • Reported $0.94 diluted EPS from continuing operations and $1.14 of adjusted diluted EPS.
  • Sales increased 5%, including organic growth of 9%, reaching a record $661 million.
  • Achieved record adjusted EBITDA of $111 million, up 6% versus prior year.
  • Successfully extended $600 million term loan and fixed the interest rate.

Headline financials

Total Revenue

$661M

Previous: $630M+5.0%
EPS (adj)

$1.14

Previous: $1.29-11.6%
Total Core Sales Growth

9.0%

No prior period
Capital Expenditures

-$13.7M

Previous: $6.15M-322.8%
Free Cash Flow

$41.6M

Previous: $53.6M-22.5%
Net Income

$55.2M

Previous: $77.4M-28.6%
Operating Income

$85.9M

Previous: $82.2M+4.5%
Gross Profit

$227M

Previous: $218M+4.2%
Cash & Equivalents

$53.5M

Previous: $44.5M+20.1%
Total Assets

$3.67B

No prior period
Stock-Based Comp

$3.63M

Previous: $1.66M+118.1%

Revenue & EPS history

ESAB · Revenue · Quarterly

$661M

Q2 2022+5%vs Q2 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

ESAB continues to expect $2.45-$2.50 billion of sales with total reported sales growth of 2%-4%, full year adjusted EBITDA of $400-$420 million, adjusted EPS of $3.85-$4.05 and free cash flow of greater than $210 million.

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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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%

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