Sign In
Free Newsletter
North Bethesda-based Esab reports Q3 earnings
NORTH BETHESDA — Esab Corp. (ESAB) on Wednesday reported third-quarter net income of $54.8 million.
The North Bethesda-based company said it had net income of 90 cents per share. Earnings, adjusted for one-time gains and costs, were $1.32 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The maker of welding and cutting equipment posted revenue of $727.8 million in the period. Its adjusted revenue was $687.4 million, also topping Wall Street forecasts. Four analysts surveyed by Zacks expected $660.6 million.
Esab expects full-year earnings in the range of $5.20 to $5.30 per share.
This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on UONEK.
