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ESAB Corporation
ESAB · NYSEIndustrials
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Inputsmaterials, equipment & da…Operatorsthe companies at the cent…Products &serviceswhat they make & runDistribution &logisticshow it gets thereCustomers &end marketswho paysFESteel & wire rodALYMetal powders & ferroalloysCUCopper & coatingsPCBElectronics & power componentsPWREnergy & freightESABESABLECOLincoln ElectricITWITW (Miller / Hobart)EUKemppi, Fronius & VoestalpineWIRWelding consumablesEQPWelding & cutting equipmentGASGas control equipmentBOTRobotics & digitalDISDistributors & channelDIRDirect & OEM salesCONConstruction & infrastructureFABGeneral fabrication & industrySHPShipbuilding & transportationENGEnergy & pipelinesMEDMedical & life sciences
Company details
Market cap
$8.0B
P/E ratio
26×
Div yield
0.3%
EPS (core adj.)
$5.25
Profit margin
11%
Rev. growth
+4%
Revenue
$2.8B
Free cash flow
$350M
In plain English
ESAB is a 120-year-old world leader in welding and cutting — it turns steel wire, alloys and metal powders into the electrodes, wires and fluxes that join metal, plus the machines, robots and gas-control gear that go with them. About two-thirds of sales are recurring consumables burned up on the job, which is why a spun-off industrial with ~$2.8B revenue compounds like a razor-and-blades business.
In simple terms
What ESAB Corporation really sells
ESAB is a 120-year-old world leader in welding and cutting — it turns steel wire, alloys and metal powders into the electrodes, wires and fluxes that join metal, plus the machines, robots and gas-control gear that go with them. About two-thirds of sales are recurring consumables burned up on the job, which is why a spun-off industrial with ~$2.8B revenue compounds like a razor-and-blades business.
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Risk read
Moderate
SteadierMore speculative
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