NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Esab Corp. (ESAB) on Wednesday reported first-quarter earnings of $60 million.
The North Bethesda, Maryland-based company said it had profit of 98 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.20 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The maker of welding and cutting equipment posted revenue of $689.7 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $667.2 million.
Esab expects full-year earnings in the range of $4.75 to $4.95 per share.
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