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.
IPO Year: 2022
Exchange: NYSE
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | $138.00 → $130.00 | Buy → Hold | Stifel |
| 11/13/2024 | $102.00 → $122.00 | In-line → Underperform | Evercore ISI |
| 6/20/2024 | $115.00 | Outperform | Oppenheimer |
| 3/18/2024 | $111.00 → $125.00 | Neutral → Overweight | JP Morgan |
| 9/27/2023 | $78.00 | Neutral | UBS |
| 9/18/2023 | $61.00 → $89.00 | Neutral → Buy | BofA Securities |
| 7/18/2023 | $70.00 → $74.00 | Overweight → Neutral | JP Morgan |
| 7/14/2023 | $75.00 | In-line | Evercore ISI |
| 5/16/2023 | $76.00 | Buy | CL King |
| 3/20/2023 | $63.00 | Neutral | BofA Securities |
Stifel analyst Nathan Jones maintains ESAB (NYSE:ESAB) with a Buy and lowers the price target from $130 to $120.
Oppenheimer analyst Bryan Blair initiates coverage on ESAB (NYSE:ESAB) with a Outperform rating and announces Price Target of $115.
ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, announced today that it has entered into an agreement to acquire Linde Industries Private Limited (LIPL). LIPL is a market leader in welding consumables and equipment in Bangladesh. "LIPL is our third acquisition this year as we accelerate our compounding journey," said Shyam P. Kambeyanda, President and CEO, ESAB Corporation. "Bangladesh is a fast growing and attractive market and the LIPL acquisition further strengthens our ability to serve our end markets and customers in the region. Our team is excited about the significant growth opportunities in South Asia to sell our award-winning equipme
ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, announced today that its Board of Directors has declared an increased quarterly cash dividend of $0.08 per share of the Company's common stock. The dividend represents a 33% increase in the Company's quarterly cash dividend, from $0.06 per share to $0.08 per share, or to $0.32 per share on an annualized basis. The dividend is payable on July 12, 2024 to stockholders of record as of June 28, 2024.
ESAB (NYSE:ESAB) reported quarterly earnings of $1.20 per share which beat the analyst consensus estimate of $1.10 by 9.09 percent. This is a 9.09 percent increase over earnings of $1.10 per share from the same period last year. The company reported quarterly sales of $689.744 million which beat the analyst consensus estimate of $664.869 million by 3.74 percent. This is a 0.84 percent increase over sales of $684.000 million the same period last year.
6 analysts have shared their evaluations of ESAB (NYSE:ESAB) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 3 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 3 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for ESAB, revealing an average target of $108.17, a high estimate of $125.00, and a low estimate of $93.00. Witnes
JP Morgan analyst Tami Zakaria upgrades ESAB (NYSE:ESAB) from Neutral to Overweight and raises the price target from $111 to $125.
Evercore ISI Group analyst David Raso maintains ESAB (NYSE:ESAB) with a In-Line and raises the price target from $93 to $100.
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Positive core organic growth New equipment gaining traction EBX driving record margin Raised mid-point of 2024 outlook ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, today announced financial results for the third quarter of 2024. ESAB reported third quarter sales of $673 million, a decrease of 1% on a reported basis or an increase of 1% on a core organic growth basis before acquisitions and currency translation, as compared to the prior year. ESAB also reported third quarter net income from continuing operations attributable to ESAB of $69 million or $1.13 diluted earnings per share and core adjusted net income of $77 million or $
ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, announced today that it will issue a press release providing financial results for the third quarter of 2024 on the morning of Tuesday, October 29, 2024. The Company will hold a conference call to discuss these results beginning at 8:00 a.m. Eastern on that day, which will be open to the public by calling +1-888-550-5302 (U.S. callers) and +1-646-960-0685 (International callers) and referencing the conference ID number 4669992 and through webcast via ESAB's website www.ESABcorporation.com under the "Investors" section. ESAB's financial results press release and supplemental information referenc
ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, announced today that its Board of Directors has declared a quarterly cash dividend of $0.08 per share of the Company's common stock. The dividend is payable on October 11, 2024 to shareholders of record as of September 27, 2024. About ESAB Corporation Founded in 1904, ESAB Corporation is a focused premier industrial compounder. The Company's rich history of innovative products, workflow solutions and its business system ESAB Business Excellence (EBX), enables the Company's purpose of Shaping the world we imagine TM. ESAB Corporation is based in North Bethesda, Maryland and employs approximatel
Positive core organic growth EBX driving record margin and free cash flow Completed the acquisition of the welding business of Linde Bangladesh ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, today announced financial results for the second quarter of 2024. ESAB reported second quarter sales of $707 million, a decrease of 2% on a reported basis or an increase of 1% on core organic growth before acquisitions and currency translation, as compared to the prior year. ESAB also reported second quarter net income from continuing operations attributable to ESAB of $84 million or $1.37 diluted earnings per share and core adjusted net in
ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, announced today that it will issue a press release providing financial results for the second quarter of 2024 on the morning of Friday, August 2, 2024. The Company will hold a conference call to discuss these results beginning at 8:00 a.m. Eastern on that day, which will be open to the public by calling +1-888-550-5302 (U.S. callers) and +1-646-960-0685 (International callers) and referencing the conference ID number 4669992 and through webcast via ESAB's website www.ESABcorporation.com under the "Investors" section. ESAB's financial results press release and supplemental information reference
ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, announced today that its Board of Directors has declared an increased quarterly cash dividend of $0.08 per share of the Company's common stock. The dividend represents a 33% increase in the Company's quarterly cash dividend, from $0.06 per share to $0.08 per share, or to $0.32 per share on an annualized basis. The dividend is payable on July 12, 2024 to stockholders of record as of June 28, 2024. "We are proud to announce a double-digit increase in our dividend for our second straight year as a public company," stated Shyam P. Kambeyanda, President and CEO of ESAB Corporation. "The dividend re
Record first quarter sales and margin performance EBX expected to drive improved full year margins Strengthened balance sheet with successful bond offering Completed acquisition of Sager S. A. and announced agreement to acquire SUMIG Ltda ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, today announced financial results for the first quarter of 2024. ESAB reported first quarter sales of $690 million, an increase of 1% on a reported basis or 2% higher core organic growth before acquisitions and currency translation impacts, as compared to the prior year. ESAB also reported first quarter net income from continuing operations at
ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, announced today that it will issue a press release providing financial results for the first quarter of 2024 on the morning of Wednesday, May 1, 2024. The Company will hold a conference call to discuss these results beginning at 8:00 a.m. Eastern on that day, which will be open to the public by calling +1-888-550-5302 (U.S. callers) and +1-646-960-0685 (International callers) and referencing the conference ID number 4669992 and through webcast via ESAB's website www.ESABcorporation.com under the "Investors" section. ESAB's financial results press release and supplemental information referenced
Record fourth quarter sales and margin performance Sales and core organic growth up 4% Reported operating income of $104 million and core adjusted EBITDA of $126 million, up 18% versus prior year Initiated full year 2024 outlook ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, today announced record financial results for the fourth quarter of 2023. ESAB reported fourth quarter sales of $689 million, an increase of 4% on an as reported basis or 4% higher core organic growth before acquisitions and currency translation impacts, as compared to the prior year. ESAB also reported fourth quarter net income from continuing operations a
ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, announced today that its Board of Directors has declared a quarterly cash dividend of $0.06 per share of the Company's common stock. The dividend is payable on April 12, 2024 to shareholders of record as of March 29, 2024. About ESAB Corporation Founded in 1904, ESAB Corporation (NYSE:ESAB) is a focused premier industrial compounder. The Company's rich history of innovative products, workflow solutions and business system, ESAB Business Excellence, enables its purpose of Shaping the World We ImagineTM. ESAB Corporation is based in North Bethesda, Maryland and employs approximately 9,000 asso
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Mass legal action claims South Carolina importer covered up deadly effects of asbestos, caused widespread fatal health consequences across the US More than 150 plaintiffs have filed suit against Cape, PLC, its subsidiaries and global affiliates including Anglo American (OTCQX: NGLOY), De Beer Group PLC (OTCQX: AAUKF), and ESAB Corp. (NYSE: ESAB), which imported and distributed carcinogenic asbestos in the United States for decades. "Cape and its related entities, by its own admission, sold more than 95% of the type of asbestos commonly used in industry and on U.S. Navy ships for decades. That asbestos is responsible for untold death and despair among the workers of South Carolina and th
Positive core organic growth New equipment gaining traction EBX driving record margin Raised mid-point of 2024 outlook ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, today announced financial results for the third quarter of 2024. ESAB reported third quarter sales of $673 million, a decrease of 1% on a reported basis or an increase of 1% on a core organic growth basis before acquisitions and currency translation, as compared to the prior year. ESAB also reported third quarter net income from continuing operations attributable to ESAB of $69 million or $1.13 diluted earnings per share and core adjusted net income of $77 million or $
A South Carolina court has set a trial date of Feb. 3, 2025, to determine whether Anglo-American, PLC (OTCQX:NGLOY), ESAB Corp. (NYSE:ESAB) and billionaire businessman Mohed Altrad, among others, can be held responsible for billions of dollars of liabilities stemming from asbestos that Cape Asbestos sent to companies in the United States and South Carolina for decades. A court-appointed receiver in June 2023 filed suit against numerous entities including Anglo American and ESAB for various causes of action, including unjust enrichment and that the defendants were responsible for the actions of Cape. The receiver was appointed after Cape failed to answer the underlying lawsuit brought by th
ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, announced today that it will issue a press release providing financial results for the third quarter of 2024 on the morning of Tuesday, October 29, 2024. The Company will hold a conference call to discuss these results beginning at 8:00 a.m. Eastern on that day, which will be open to the public by calling +1-888-550-5302 (U.S. callers) and +1-646-960-0685 (International callers) and referencing the conference ID number 4669992 and through webcast via ESAB's website www.ESABcorporation.com under the "Investors" section. ESAB's financial results press release and supplemental information referenc
ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, announced today that its Board of Directors has declared a quarterly cash dividend of $0.08 per share of the Company's common stock. The dividend is payable on October 11, 2024 to shareholders of record as of September 27, 2024. About ESAB Corporation Founded in 1904, ESAB Corporation is a focused premier industrial compounder. The Company's rich history of innovative products, workflow solutions and its business system ESAB Business Excellence (EBX), enables the Company's purpose of Shaping the world we imagine TM. ESAB Corporation is based in North Bethesda, Maryland and employs approximatel
To enable the industry to track gas process parameters, analyze gas consumption and identify gas leaks and over-consumption, InduSuiteTM, ESAB's platform of software applications for welding, cutting and robotics, has introduced FloCloud, a gas monitoring software solution. FloCloud combines GCE's® trusted brand of gas control products with InduSuite's proven WeldCloud software application platform to build a gas manifold with Mesh WiFi enabled pressure and flow sensors that communicate data to the FloCloud online application. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240815098966/en/FloCloud's dashboard provides complete g
Positive core organic growth EBX driving record margin and free cash flow Completed the acquisition of the welding business of Linde Bangladesh ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, today announced financial results for the second quarter of 2024. ESAB reported second quarter sales of $707 million, a decrease of 2% on a reported basis or an increase of 1% on core organic growth before acquisitions and currency translation, as compared to the prior year. ESAB also reported second quarter net income from continuing operations attributable to ESAB of $84 million or $1.37 diluted earnings per share and core adjusted net in
ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, announced today that it will issue a press release providing financial results for the second quarter of 2024 on the morning of Friday, August 2, 2024. The Company will hold a conference call to discuss these results beginning at 8:00 a.m. Eastern on that day, which will be open to the public by calling +1-888-550-5302 (U.S. callers) and +1-646-960-0685 (International callers) and referencing the conference ID number 4669992 and through webcast via ESAB's website www.ESABcorporation.com under the "Investors" section. ESAB's financial results press release and supplemental information reference
ESAB Corporation, a focused premier industrial compounder, today announced that it has entered into a distribution agreement with INFRA Group to expand the availability of ESAB's differentiated solutions by offering its welding and gas control equipment to customers in Mexico. Founded in 1919, INFRA Group is a leading Mexican provider for industrial and medical gases, welding machines and a diverse range of welding products. "We are thrilled to enter this agreement with an established distributor like INFRA which provides us an opportunity to further accelerate growth in our Americas business," said Olivier Biebuyck, President, Fabrication Technology, ESAB Corporation. "Working with INFRA
ESAB Corporation ("ESAB" or the "Company") (NYSE:ESAB), a focused premier industrial compounder, announced today that it has entered into an agreement to acquire Linde Industries Private Limited (LIPL). LIPL is a market leader in welding consumables and equipment in Bangladesh. "LIPL is our third acquisition this year as we accelerate our compounding journey," said Shyam P. Kambeyanda, President and CEO, ESAB Corporation. "Bangladesh is a fast growing and attractive market and the LIPL acquisition further strengthens our ability to serve our end markets and customers in the region. Our team is excited about the significant growth opportunities in South Asia to sell our award-winning equip
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Stifel downgraded ESAB Corp. from Buy to Hold and set a new price target of $130.00 from $138.00 previously
Evercore ISI downgraded ESAB Corp. from In-line to Underperform and set a new price target of $122.00 from $102.00 previously
Oppenheimer initiated coverage of ESAB Corp. with a rating of Outperform and set a new price target of $115.00
JP Morgan upgraded ESAB Corp. from Neutral to Overweight and set a new price target of $125.00 from $111.00 previously
UBS initiated coverage of ESAB Corp. with a rating of Neutral and set a new price target of $78.00
BofA Securities upgraded ESAB Corp. from Neutral to Buy and set a new price target of $89.00 from $61.00 previously
JP Morgan downgraded ESAB Corp. from Overweight to Neutral and set a new price target of $74.00 from $70.00 previously
Evercore ISI initiated coverage of ESAB Corp. with a rating of In-line and set a new price target of $75.00
CL King initiated coverage of ESAB Corp. with a rating of Buy and set a new price target of $76.00
BofA Securities initiated coverage of ESAB Corp. with a rating of Neutral and set a new price target of $63.00