ESAB Q1 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

ESAB Corporation kicked off 2025 with a strong first quarter, beating analyst expectations on both the top and bottom lines while posting what management called record margin performance. The industrial welding and gas equipment maker reported core a… Read more ESAB Corporation kicked off 2025 with a strong first quarter, beating analyst expectations on both the top and bottom lines while posting what management called record margin performance. The industrial welding and gas equipment maker reported core adjusted EPS of $1.25, clearing the $1.21 consensus estimate by 3.65%, as net sales of $678.14 million topped expectations by 6.99%, even as revenue slipped 1.7% year over year amid a challenging macro environment. The standout driver was ESAB's Business Excellence operating system, which powered a 100 basis point expansion in core adjusted EBITDA margin to a record 19.8%, with EBITDA rising 4% to $127.90 million. Core organic sales were essentially flat excluding Russia, acquisitions, and currency, with mid-single-digit growth in welding and gas equipment providing a bright spot. Looking ahead, management raised its full-year 2025 core adjusted EBITDA guidance to $520 million to $530 million and lifted total core sales growth guidance to (1.0)% to 1.5%, partly reflecting the recently completed Bavaria Schweisstechnik acquisition, while maintaining core adjusted EPS guidance at $5.10 to $5.25.