ESAB Corporation (NYSE: ESAB) shares soared 6.89% in pre-market trading on Thursday following the release of its impressive first-quarter results and positive full-year outlook. The welding and cutting equipment manufacturer demonstrated strong performance across key metrics, surpassing analyst expectations.
The company reported Q1 sales of $678 million, significantly beating the IBES estimate of $647.5 million. This robust sales figure represents a solid performance in a challenging economic environment. Additionally, ESAB's core adjusted EBITDA for the quarter came in at $128 million, further underlining the company's operational efficiency and profitability.
Looking ahead, ESAB provided an optimistic outlook for the full year, projecting core organic growth of 0-2% and core sales growth of 1.5%. This positive guidance suggests that the company expects to maintain its momentum throughout 2025, despite potential economic headwinds. The combination of strong current performance and a favorable outlook has likely fueled investor enthusiasm, driving the stock's pre-market surge.
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