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Esab (ESAB) FY2020 results: revenue $2.0 billion

Esab Corp. (ESAB) reported revenue of $2.0 billion for fiscal 2020, the year ended 31 December 2020. Net income was $157 million, and diluted earnings per share $2.62. The figures are the company's own, from the 10-K it filed with the SEC on 7 March 2023.

Revenue
$2.0 billion
FY2020FY2020
Operating margin
10.4%
FY2020FY2020
Net income
$157 million
FY2020FY2020
Diluted EPS
$2.62
FY2020FY2020

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2020Last 8 years
Revenue1,950
Cost of revenue1,268
Gross profit682
Gross margin35.0%
Research and development34.8
Selling, general and administrative459
Operating income202
Operating margin10.4%
Pre-tax income206
Income tax46.0
Effective tax rate22.3%
Net income157
Net margin8.1%
Diluted EPS$2.62
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2020Last 8 years
Operating cash flow309
Capital expenditure40.1
Free cash flow269
Free cash flow margin13.8%
Cash from investing-34.6
Cash from financing-326
Depreciation and amortisation76.6
Share-based compensation6.4
Dividends paid0.0
Diluted shares, weighted60m

Balance sheet

$ millionFY2020Last 8 years
Shareholders' equity2,545
Goodwill1,553
Cash and equivalents49.2

10-K for the year ended 31 December 2020, filed 7 March 2023: the filing.