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In a recent transaction filing, Olivier Biebuyck, President of Fab Tech at ESAB Corp (NYSE:ESAB), disclosed the sale of 1,417 shares of the company’s common stock, amounting to approximately $185,839. The shares were sold at an average price of $131.15 per share, close to the company’s 52-week high of $135.97. This transaction was conducted under a pre-established Rule 10b5-1 trading plan. According to InvestingPro analysis, ESAB, with a market capitalization of $7.85 billion, is currently trading above its Fair Value.
In addition to the sale, Biebuyck reported multiple acquisitions and disposals of shares through various transactions on May 12, 2025. These included the acquisition of 7,743 shares through option exercises and the withholding of shares to cover tax liabilities associated with the vesting of restricted stock units. The total value of shares acquired through option exercises was approximately $207,146, with prices ranging from $0 to $46.94 per share. Additionally, shares were withheld to satisfy tax liabilities, totaling $1,184,327, with prices ranging from $128.66 to $131.67 per share. InvestingPro data shows ESAB maintains strong financial health with a "GOOD" overall score and operates with a moderate level of debt.
After these transactions, Biebuyck’s direct ownership in ESAB Corp stands at 14,989 shares. The company trades at a P/E ratio of 25.68, which InvestingPro analysis indicates is high relative to near-term earnings growth. Discover more insights about ESAB and access the comprehensive Pro Research Report, available exclusively with an InvestingPro subscription.
In other recent news, ESAB Corp reported its financial results for the first quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $1.25, exceeding the forecasted $1.20, and reported a revenue of $678.14 million, which was significantly higher than the anticipated $632.75 million. This performance was bolstered by strategic acquisitions and favorable foreign exchange movements. ESAB also achieved a record first-quarter adjusted EBITDA margin of 19.8%. The company has raised its full-year adjusted EBITDA guidance to between $520 million and $530 million. Additionally, ESAB has completed the acquisition of Bavaria, which is expected to be EPS neutral in the first year but is anticipated to contribute to margin expansion in the future. Looking ahead, the company plans to close two more acquisitions in its Gas Control segment in the second quarter. These recent developments reflect ESAB’s strategic focus on growth and operational efficiency.
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