ESAB Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.10-30

ESAB (NYSE:ESAB) Third Quarter 2024 ResultsKey Financial Results Revenue: US$673.3m (down 1.1% from 3Q 2023). Net income: US$69.5m (up 18% from 3Q 2023). Profit margin: 10% (up from 8.6% in 3Q 2023). ...

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Net income: US$69.5m (up 18% from 3Q 2023). Profit margin: 10% (up from 8.6% in 3Q 2023). ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/capital-goods/nyse-esab/esab/news/esab-third-quarter-2024-earnings-beats-expectations\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ESAB","symbol_name":"ESAB Corporation","start_time":0,"source_url":"https://simplywall.st/stocks/us/capital-goods/nyse-esab/esab/news/esab-third-quarter-2024-earnings-beats-expectations","article_id":"2479756876","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/3072000-choice1-main-header/1585186775716"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479756876","pubTimestamp":1730292834,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"ESAB ( NYSE:ESAB ) Third Quarter 2024 Results Key Financial Results Revenue: US$673.3m (down 1.1% from 3Q 2023). Net...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ESAB":"ESAB Corporation"},"translate_title":"ESAB 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ESAB":1},"content_text":"ESAB (NYSE:ESAB) Third Quarter 2024 ResultsKey Financial Results Revenue: US$673.3m (down 1.1% from 3Q 2023). Net income: US$69.5m (up 18% from 3Q 2023). Profit margin: 10% (up from 8.6% in 3Q 2023). The increase in margin was driven by lower expenses. EPS: US$1.14 (up from US$0.98 in 3Q 2023).  NYSE:ESAB Earnings and Revenue Growth October 30th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period ESAB Revenues and Earnings Beat Expectations  Revenue exceeded analyst estimates by 2.4%.  Earnings per share (EPS) also surpassed analyst estimates by 2.4%.      Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Machinery industry in the US.    Performance of the American Machinery industry.  The company's shares are up 13% from a week ago.   Risk Analysis We should say that we've discovered 1 warning sign for ESAB that you should be aware of before investing here. Valuation is complex, but we're here to simplify it.Discover if ESAB might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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