Esab: Q3 Earnings Snapshot

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.

_____

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