Esab Falls On Lower: than-expected sales growth, profit forecast

ESAB

20/02/2025 17:08

** Welding equipment seller ESAB Corp's  ESAB.N  shares down
3.5% at $120.6 
    ** Company forecasts annual adjusted EPS in range of $5.10
to $5.25, below analysts' expectations of $5.38
    ** Expects annual core net sales to remain flat to down 2%,
compared with expectations of decline of 0.56%
    ** Forecasts annual core adjusted EBITDA in a range of $515
million to $530 million, below expectations of $545.4 million
    ** Stock rose 38% in 2024

 (Reporting by Aamir Sohail in Bengaluru)
 ((Aamir.Sohail@thomsonreuters.com;))