ESAB reported second quarter revenue of $807.6 million, beating analyst estimates of $787.2 million and growing 12.9% year over year, while adjusted EPS of $1.33 missed expectations of $1.37. Adjusted EBITDA came in at $151.4 million versus estimates of $150.2 million, and full-year adjusted EPS guidance of $5.45 at the midpoint fell 4.4% short of analyst forecasts. CEO Shyam Kambeyanda highlighted double-digit growth in equipment and automation, especially in North America and Asia, and cited the Eddyfi acquisition as expanding inspection and monitoring capabilities. Management expects sequential organic growth improvement in the back half of the year and targeted $20 million in synergies from Eddyfi.
ESAB CorpEPS miss and lower full-year guidance
Acquisition mentioned as expanding capabilities and synergies
