NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Esab Corp. (ESAB) on Tuesday reported third-quarter net income of $68.2 million.
The North Bethesda, Maryland-based company said it had net income of $1.11 per share. Earnings, adjusted for one-time gains and costs, came to $1.25 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The maker of welding and cutting equipment posted revenue of $673.3 million in the period. Its adjusted revenue was $635.6 million, which also topped Street forecasts. Four analysts surveyed by Zacks expected $629.5 million.
Esab expects full-year earnings in the range of $4.80 to $4.95 per share.
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