NYSE$ESAB
ESAB Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
ESAB achieved record sales and margin performance, driven by organic growth and effective cost management.
ESAB Corporation reported record third-quarter results, with a 10% increase in sales and a 7% core organic growth. The company's operating income was $101 million, and the core adjusted EBITDA rose by 23% to $118 million. Based on the strong year-to-date performance, ESAB has raised its full-year 2023 outlook.
- Record third quarter sales and margin performance achieved.
- Sales increased by 10%, with core organic growth of 7%.
- Operating income reported at $101 million, and core adjusted EBITDA increased by 23% year-over-year.
- Full-year 2023 outlook was raised due to strong year-to-date results and continued momentum.
Headline financials
Revenue & EPS history
ESAB · Revenue · Quarterly
$681M
Forward guidance
ESAB raised its full year 2023 outlook and expects total core sales growth of 6.5% to 7.5%, core organic sales growth of 5.0% to 6.0%, core adjusted EBITDA of $465 to $475 million, and core adjusted EPS of $4.30 to $4.40.
Tailwinds
- Total core sales growth expected between 6.5% and 7.5%.
- Core organic sales growth projected to be 5.0% to 6.0%.
- Core adjusted EBITDA anticipated to be in the range of $465 to $475 million.
- Core adjusted EPS expected to be between $4.30 and $4.40.
- Raised from prior guidance
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 Q3 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% |
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