ESAB Raises FY23 Outlook: Revenue $2.43B Vs. $2.58B Estimate, Core Sales Growth 6% - 7.5% From 4% - 6% Prior. EPS $4.10 - $4.30 (From $3.85 - $4.05 Prior) Vs. $4.08 Estimate
Portfolio Pulse from Benzinga Newsdesk
ESAB has raised its full year 2023 outlook, expecting total core sales growth of 6.0% to 7.5%, up from the previous guidance of 4.0% to 6.0%. The company also anticipates core adjusted EBITDA of $450 to $465 million and core adjusted EPS of $4.10 to $4.30, higher than the previous estimates.
August 01, 2023 | 10:43 am
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POSITIVE IMPACT
ESAB's raised FY23 outlook indicates a positive growth trajectory, which could potentially lead to an increase in the company's stock price in the short term.
ESAB's raised outlook for FY23, including higher sales growth and adjusted EBITDA and EPS, indicates a positive financial performance. This could make the company's stock more attractive to investors, potentially leading to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100