ESAB Corp

ESAB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$66.00	Dbbnvj	Nnfmwryvg

ESAB Earnings: Automation Business Delivers Strong Revenue Growth

Krzysztof Smalec

Aug 1, 2023

We’ve raised our fair value estimate for narrow-moat-rated ESAB to $74 from $70 after the company reported strong second-quarter results and raised its full-year outlook for the second time this year. The fair value estimate adjustment is driven by our higher near-term revenue growth and operating margin projections, as well as time value of money.

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