ESAB Stock - ESAB Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.74B | $2.77B | $2.59B | $2.43B | $1.95B |
| Gross Profit | $1.04B | $1.02B | $885.53M | $837.98M | $682.47M |
| Gross Margin | 37.9% | 36.6% | 34.1% | 34.5% | 35.0% |
| Operating Income | $447.45M | $404.17M | $329.06M | $306.21M | $202.13M |
| Net Income | $264.84M | $205.28M | $223.75M | $235.11M | $157.41M |
| Net Margin | 9.7% | 7.4% | 8.6% | 9.7% | 8.1% |
| EPS | $4.36 | $3.38 | $3.73 | $3.92 | $2.62 |
ESAB Corporation formulates, develops, manufactures, and supplies consumable products and equipment for use in cutting, joining, and automated welding, as well as gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables, including electrodes, nozzles, shields, and tips. The company's fabrication technology equipment ranges from portable welding machines to large customized automated cutting and welding systems. It also offers a range of digital software and solutions to help its customers increase their productivity, remotely monitor their welding operations, and digitize their documentation. The company sells its products under the ESAB brand to various end markets, including general industry, construction, infrastructure, transportation, energy, renewable energy, and medical and life sciences. It offers its products through independent distributors and direct salespeople. ESAB Corporation was incorporated in 2021 and is based in Wilmington, Delaware.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 5th 2025 | Roth Capital | Initiation | Buy | $150 |
| August 22nd 2025 | Loop Capital | Upgrade | Buy | $140 |
| August 7th 2025 | Stifel | Upgrade | Buy | $141 |
| April 1st 2025 | UBS | Upgrade | Buy | $147← $123 |
| February 24th 2025 | Evercore ISI | Upgrade | In-line | $120← $122 |
| December 12th 2024 | Jefferies | Initiation | Buy | $160 |
| November 18th 2024 | Stifel | Downgrade | Hold | $130← $138 |
| November 13th 2024 | Evercore ISI | Downgrade | Underperform | $122← $102 |
| June 20th 2024 | Oppenheimer | Initiation | Outperform | $115 |
| March 18th 2024 | JP Morgan | Upgrade | Overweight | $125← $111 |
| September 27th 2023 | UBS | Initiation | Neutral | $78 |
| September 18th 2023 | BofA Securities | Upgrade | Buy | $89← $61 |
| July 18th 2023 | JP Morgan | Downgrade | Neutral | $74← $70 |
| July 14th 2023 | Evercore ISI | Initiation | In-line | $75 |
| May 16th 2023 | CL King | Initiation | Buy | $76 |
Earnings History & Surprises
ESABEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 19, 2026 | $1.34 | — | — | — |
Q4 2025 | Oct 29, 2025 | $1.27 | $1.32 | +3.9% | ✓ BEAT |
Q3 2025 | Aug 6, 2025 | $1.34 | $1.36 | +1.5% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $1.18 | $1.25 | +5.9% | ✓ BEAT |
Q1 2025 | Feb 20, 2025 | $1.15 | $1.28 | +11.3% | ✓ BEAT |
Q4 2024 | Oct 29, 2024 | $1.12 | $1.25 | +11.6% | ✓ BEAT |
Q3 2024 | Aug 2, 2024 | $1.27 | $1.32 | +3.9% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $1.10 | $1.20 | +9.1% | ✓ BEAT |
Q1 2024 | Feb 29, 2024 | $1.03 | $1.13 | +9.7% | ✓ BEAT |
Q4 2023 | Nov 1, 2023 | $0.95 | $1.08 | +13.7% | ✓ BEAT |
Q3 2023 | Aug 1, 2023 | $1.02 | $1.21 | +18.6% | ✓ BEAT |
Q2 2023 | May 2, 2023 | $0.93 | $1.04 | +11.8% | ✓ BEAT |
Q1 2023 | Mar 7, 2023 | $0.90 | $1.05 | +16.7% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $0.85 | $0.92 | +8.2% | ✓ BEAT |
Q3 2022 | Aug 9, 2022 | $1.01 | $1.08 | +6.9% | ✓ BEAT |
Q2 2022 | May 10, 2022 | — | $1.17 | — | — |
Q1 2022 | Mar 29, 2022 | — | $1.01 | — | — |
Q4 2021 | Dec 31, 2021 | — | $0.66 | — | — |
Q2 2021 | Jun 30, 2021 | — | $1.29 | — | — |
Latest News
Shares of machinery companies are trading higher after the Fed cut rates by 25 basis points.
📈 PositiveJP Morgan Maintains Overweight on ESAB, Raises Price Target to $140
📈 PositiveESAB Raises FY2025 Adj EPS Guidance from $5.15-$5.30 to $5.20-$5.30 vs $5.26 Est; Sees Core Net Sales Growth Range Of 4.5%-5.5% (Prior 1.5%-3.5%)
📈 PositiveESAB Q3 Adj. EPS $1.32 Beats $1.27 Estimate, Sales $727.845M Beat $678.281M Estimate
📈 PositiveUBS Maintains Buy on ESAB, Raises Price Target to $149
📈 PositiveRoth Capital Initiates Coverage On ESAB with Buy Rating, Announces Price Target of $150
📈 PositiveLoop Capital Upgrades ESAB to Buy, Raises Price Target to $140
📈 PositiveFrequently Asked Questions about ESAB
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