ESAB's Core Adjusted EPS Outlook Of $4.75 - $4.95 Remains The Same, Est $4.93
Portfolio Pulse from Benzinga Newsdesk
ESAB has maintained its core adjusted EPS outlook of $4.75 - $4.95, with an estimate of $4.93. However, the company has revised its core adjusted EBITDA range to $495 - $515 million, down from the previous guidance of $500 - $520 million.
August 02, 2024 | 10:36 am
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ESAB has kept its core adjusted EPS outlook steady at $4.75 - $4.95, but has lowered its core adjusted EBITDA range to $495 - $515 million from the previous $500 - $520 million.
While the EPS outlook remains unchanged, the downward revision of the EBITDA range could indicate potential challenges in operational efficiency or cost management. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100