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Esab: Q4 Earnings Snapshot
Esab: Q4 Earnings
About this update from Esab Corporation
NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Esab Corp. (ESAB) on Friday reported fourth-quarter profit of $37.7 million . On a per-share basis, the North Bethesda, Maryland -based company said it had net income of 61 cents . Earnings, adjusted for one-time gains and costs, came to $1.35 per share. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share. The maker of welding and cutting equipment posted revenue of $721 million in the period. Its adjusted revenue was $687.6 million , falling short of Street forecasts. Three analysts surveyed by Zacks expected $687.7 million . For the year, the company reported profit of $226.8 million , or $3.67 per share. Revenue was reported as $2.7 billion . Esab expects full-year earnings in the range of $5.70 to $5.90 per share. _____ This story was generated by Automated Insights ( http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESAB at https://www.zacks.com/ap/ESAB For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News