ESAB Expects 2024 Adjusted EPS Of $4.80 to $4.95 Compared To Prior Guidance Of $4.75$4.95 And Consensus Of $4.85, With Adjusted EBITDA Of $500M-$515M Versus Prior Guidance Of $495M-$515M
Portfolio Pulse from Benzinga Newsdesk
ESAB has updated its 2024 financial guidance, expecting adjusted EPS of $4.80 to $4.95, slightly higher than the previous guidance of $4.75 to $4.95 and in line with the consensus of $4.85. The company also anticipates adjusted EBITDA of $500M-$515M, up from the prior guidance of $495M-$515M.
October 29, 2024 | 10:37 am
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ESAB has slightly raised its 2024 adjusted EPS guidance to $4.80-$4.95, compared to the previous $4.75-$4.95 and consensus of $4.85. Adjusted EBITDA is also expected to be higher at $500M-$515M.
The slight increase in EPS guidance above the previous range and consensus suggests a positive outlook for ESAB, likely boosting investor confidence and potentially leading to a short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100