Esab: Q3 Earnings Snapshot

NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Esab Corp. (ESAB) on Wednesday reported third-quarter profit of $57.6 million.

The North Bethesda, Maryland-based company said it had net income of 94 cents per share. Earnings, adjusted for one-time gains and costs, were $1.08 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The maker of welding and cutting equipment posted revenue of $681 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $630.9 million.

Esab expects full-year earnings in the range of $4.30 to $4.40 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