BUZZ-ESAB falls on lower-than-expected sales growth, profit forecast

Welding equipment seller ESAB Corp's ESAB.N shares down 3.5% at $120.6

Company forecasts annual adjusted EPS in range of $5.10 to $5.25, below analysts' expectations of $5.38

Expects annual core net sales to remain flat to down 2%, compared with expectations of decline of 0.56%

Forecasts annual core adjusted EBITDA in a range of $515 million to $530 million, below expectations of $545.4 million

Stock rose 38% in 2024