NYSE$ESAB
ESAB Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
ESAB demonstrated resilience through positive core organic growth, traction in new equipment, and record margin driven by EBX.
ESAB Corporation reported a slight decrease in third quarter sales, but achieved a 1% increase on a core organic growth basis. The company reported net income of $69 million, or $1.13 diluted earnings per share, and core adjusted net income of $77 million, or $1.25 diluted earnings per share. Core adjusted EBITDA rose 6% with margin expansion. The company has updated its full year 2024 outlook with an increased core adjusted EBITDA and EPS.
- Positive core organic growth
- New equipment gaining traction
- EBX driving record margin
- Raised mid-point of 2024 outlook
Headline financials
Revenue & EPS history
ESAB · Revenue · Quarterly
$673M
Forward guidance
ESAB updated its estimated core adjusted EBITDA for the full year 2024 to $500 to $515 million, and core adjusted EPS to $4.80 to $4.95.
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 2024
+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
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