ESAB Now Expects FY24 Total Core Sales Growth Of (2.5)% To (0.5)% Vs Prior Outlook For Growth Of 1.5% To 3.5%
Portfolio Pulse from Benzinga Newsdesk
ESAB has revised its FY24 total core sales growth outlook to a range of -2.5% to -0.5%, down from the previous forecast of 1.5% to 3.5%. The company now expects flat core organic sales growth, M&A of 1.0%, and FX impact of -2.5%, compared to the prior guidance of 2.5% to 4.5% core organic sales growth, M&A of 0.5%, and FX impact of -1.5%.
August 02, 2024 | 10:35 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
ESAB has revised its FY24 total core sales growth outlook to a range of -2.5% to -0.5%, down from the previous forecast of 1.5% to 3.5%. The company now expects flat core organic sales growth, M&A of 1.0%, and FX impact of -2.5%, compared to the prior guidance of 2.5% to 4.5% core organic sales growth, M&A of 0.5%, and FX impact of -1.5%.
The downward revision in ESAB's FY24 total core sales growth outlook indicates potential challenges in achieving previous growth targets. This negative adjustment is likely to impact investor sentiment and could lead to a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100