NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Esab Corp. (ESAB) on Wednesday reported second-quarter net income of $66.9 million.
On a per-share basis, the North Bethesda, Maryland-based company said it had profit of $1.09. Earnings, adjusted for one-time gains and costs, were $1.36 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The maker of welding and cutting equipment posted revenue of $715.6 million in the period. Its adjusted revenue was $678.5 million, which also beat Street forecasts. Four analysts surveyed by Zacks expected $669.3 million.
Esab expects full-year earnings in the range of $5.15 to $5.30 per share.
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