Esab: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 06:44 AM ET
Last Updated - Aug 02, 2024, 06:44 AM EDT
NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Esab Corp. (ESAB) on Friday reported second-quarter earnings of $82.9 million.
On a per-share basis, the North Bethesda, Maryland-based company said it had profit of $1.35. Earnings, adjusted for one-time gains and costs, were $1.32 per share.
The results surpassed 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 $707.1 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $697.5 million.
