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Stock impact report

ESAB Corporation Announces First Quarter 2022 Results

ESAB Corporation (ESAB) 
Company Research Source: Business Wire
Reported $0.96 EPS from continuing operations and achieved $1.17 of adjusted EPSGrew sales 14%, including organic growth of 18%, to a record $648 millionAchieved adjusted EBITDA of $109 million, up 16% versus prior yearFirst quarter results in-line with expectations and reaffirmed 2022 full year guidanceSuccessfully completed separation from Enovis Corporation on April 4, 2022 NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a world leader in fabrication and specialty gas control technology, announced today its financial results for the first quarter of 2022. ESAB operated as part of Enovis Corporation (formerly Colfax Corporation) for the entire first quarter of 2022, and the historical financial measures presented in this release were derived from Enovis’ accounting records and are presented on a carve-out basis.The Company reported record sales of $647.9 million, an increase of 14% on a reported basis, or 18% organically before curre Show less Read more
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