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Esab: Q3 Earnings Snapshot
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NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Esab Corp. (ESAB) on Wednesday reported third-quarter earnings of $38.9 million.

The North Bethesda, Maryland-based company said it had profit of 58 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.30 per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

The maker of welding and cutting equipment posted revenue of $824.5 million in the period. Its adjusted revenue was $786.8 million, exceeding Street forecasts. Four analysts surveyed by Zacks expected $780.7 million.

Esab expects full-year earnings in the range of $5.40 to $5.50 per share, with revenue expected to be $2.7 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESAB at https://www.zacks.com/ap/ESAB

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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