ESAB Q2 2024 Adj. EPS $1.41 Beats $1.27 Estimate, Sales $707.053M Beat $694.192M Estimate
Portfolio Pulse from Benzinga Newsdesk
ESAB (NYSE:ESAB) reported Q2 2024 adjusted EPS of $1.41, beating the $1.27 estimate. Sales were $707.053M, surpassing the $694.192M estimate. EPS increased by 10.16% YoY, while sales decreased by 1.86% YoY.
August 02, 2024 | 10:33 am
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ESAB reported Q2 2024 adjusted EPS of $1.41, beating the $1.27 estimate by 11.02%. Sales were $707.053M, surpassing the $694.192M estimate. EPS increased by 10.16% YoY, while sales decreased by 1.86% YoY.
ESAB's Q2 2024 earnings beat analyst estimates significantly, which is likely to positively impact the stock price in the short term. The increase in EPS by 10.16% YoY is a strong indicator of improved profitability, despite a slight decrease in sales.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100