NYSE$ESAB
ESAB Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
ESAB achieved record sales and margin performance, with sales and core organic growth up 4%, and operating income and core adjusted EBITDA significantly increased.
ESAB Corporation reported record fourth quarter sales of $689 million, a 4% increase year-over-year. Net income from continuing operations was $58 million, or $0.96 diluted earnings per share, while core adjusted EBITDA rose 18% to $126 million with margins expanding to 19.4%.
- Record fourth quarter sales and margin performance achieved.
- Sales and core organic growth increased by 4%.
- Reported operating income reached $104 million.
- Core adjusted EBITDA increased by 18% to $126 million.
Headline financials
Revenue & EPS history
ESAB · Revenue · Quarterly
$689M
Forward guidance
ESAB expects core organic growth of 2.5% to 4.5% and total core sales growth of 1.5% to 3.5% in 2024, with core adjusted EBITDA of $495 to $515 million and core adjusted EPS of $4.65 to $4.85.
Tailwinds
- Expected core organic growth of 2.5% to 4.5%.
- Anticipated total core sales growth of 1.5% to 3.5%.
- Core adjusted EBITDA projected between $495 to $515 million.
- Core adjusted EPS expected to be $4.65 to $4.85.
- Cash conversion greater than 95%.
Headwinds
- Currency headwinds expected to be approximately (1.0%).
- Impact of supply chain disruptions.
- Impact on creditworthiness and financial viability of customers.
- Impact of the war in Ukraine and escalating geopolitical tensions.
- Other impacts on the Company’s business and ability to execute business continuity plans.
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 Q4 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
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