ESAB Corp
ESAB: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$22.00 | Lnwbfzq | Ldptwlmln |
ESAB Earnings: Full-Year Guidance Raised on Improved Margins
Narrow-moat-rated ESAB posted solid first-quarter results, featuring a 9% year-over-year increase in adjusted EBITDA. Management raised its guidance for full-year 2024 and now expects adjusted EPS of $4.75 to $4.95 (up from $4.65 to $4.85), which reflects higher margins as well as a lower interest expense. We've raised our fair value estimate to $93 from $90 due to our slightly more optimistic operating margin assumptions and time value of money.