Esab (ESAB) FY2024 results: revenue $2.7 billion, down 1.2% on the year
Esab Corp. (ESAB) reported revenue of $2.7 billion for fiscal 2024, the year ended 31 December 2024, down 1.2% on the year before. Net income was $265 million, up 29.0%, and diluted earnings per share $4.31. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$2.7 billion
-1.2% on the year
FY2020FY2024
Operating margin
16.3%
14.6% a year earlier
FY2020FY2024
Net income
$265 million
+29.0% on the year
FY2020FY2024
Diluted EPS
$4.31
+28.3% on the year
FY2020FY2024
this yearthe year beforeHover a bar for its figure.
$ 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
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
355
330
214
+7.5%
Capital expenditure
51.8
48.2
40.2
+7.5%
Free cash flow
304
282
174
+7.5%
Free cash flow margin
11.1%
10.2%
6.7%
Cash from investing
-206
-62.2
-184
Cash from financing
31.7
-220
7.6
Depreciation and amortisation
66.8
75.0
66.0
-11.0%
Share-based compensation
19.8
16.1
13.0
+22.7%
Dividends paid
17.0
13.3
6.1
+27.4%
Dividend per share
$0.30
$0.23
$0.15
+30.4%
Diluted shares, weighted
61m
61m
60m
+0.7%
Shares outstanding at period end
61m
60m
60m
+0.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,769
1,607
1,350
+10.1%
Non-controlling interest
39.2
40.3
38.3
-2.5%
Debt
1,076
1,018
1,219
+5.7%
Operating lease liabilities
66.0
76.6
76.2
-13.8%
Other liabilities
1,084
1,086
1,071
-0.2%
Total liabilities and equity
4,034
3,829
3,754
+5.4%
Fixed assets
298
294
284
+1.4%
Goodwill
1,652
1,588
1,530
+4.0%
Intangible assets
488
500
517
-2.3%
Cash and equivalents
249
102
72.0
+144.5%
Receivables
370
385
374
-3.9%
Inventory
404
393
417
+2.8%
Other assets
572
566
560
+1.0%
Total assets
4,034
3,829
3,754
+5.4%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.