ESAB Corporation reported fourth quarter 2024 sales of $671 million, a 3% decrease on a reported basis but flat on a core organic growth basis compared to the prior year. The company's net income from continuing operations was $72 million, with diluted earnings per share of $1.18. Core adjusted net income reached $79 million, resulting in $1.28 core adjusted diluted earnings per share.
Operational performance remained strong, with core adjusted EBITDA rising 2% to $129 million, and the core adjusted EBITDA margin expanding by 90 basis points to 20.3%. This margin expansion reflects the company's focus on efficiency and strategic product mix.
In the fourth quarter of 2024, ESAB completed the acquisition of SUMIG, a South American light automation and equipment business. This acquisition is expected to enhance ESAB's global portfolio and expand its presence in the South American market. Additionally, ESAB entered into an agreement in the first quarter of 2025 to acquire Bavaria Schweisstechnik GmbH, a European business aimed at strengthening its consumables portfolio.
For the full year 2025, ESAB initiated guidance, expecting core organic growth of 0.0% to 2.0% and total core sales growth of (2.0)% to 0.0%. The company projects core adjusted EBITDA to be between $515 million and $530 million, with core adjusted EPS in the range of $5.10 to $5.25.
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