NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Esab Corp. (ESAB) on Wednesday reported third-quarter net income of $54.8 million.
The North Bethesda, Maryland-based company said it had net income of 90 cents per share. Earnings, adjusted for one-time gains and costs, were $1.32 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The maker of welding and cutting equipment posted revenue of $727.8 million in the period. Its adjusted revenue was $687.4 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $660.6 million.
Esab expects full-year earnings in the range of $5.20 to $5.30 per share.
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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
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