ESAB Corporation (NYSE:ESAB) Q1 2023 Earnings Conference Call May 2, 2023 8:00 AM ET

Company Participants

Mark Barbalato - Vice President of Investor Relations

Shyam Kambeyanda - President & Chief Executive Officer

Kevin Johnson - Chief Financial Officer

Conference Call Participants

Tami Zakaria - JPMorgan

Nathan Jones - Stifel

Mig Dobre - Baird

Chris Dankert - Loop Capital

Operator

Good morning, and welcome to the ESAB First Quarter 2023 Earnings Conference. All line have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

Mr. Mark Barbalato, Vice President of Investor Relations at ESAB. You may begin your conference.

Mark Barbalato

Thanks, operator. Welcome to ESAB's first quarter 2023 earnings call. This morning, I'm joined by our President and CEO, Shyam Kambeyanda; and CFO, Kevin Johnson.

Please keep in mind that some of the statements we are making are forward-looking and are subject to risks, including those set forth in our SEC filings and today's earnings release. Actual results may differ and we do not assume any obligation or intend to update these forward-looking statements, except as required by law.

With respect to any non-GAAP financial measures mentioned during the call today, the accompanying reconciliation information related to those measures can be found in our earnings press release and today's slide presentation.

With that, I'd like to turn the call over to our President and CEO, Shyam Kambeyanda.

Shyam Kambeyanda

Thank you, Mark. Good morning, everyone. Thank you all for joining us today. The ESAB team has been busy. More importantly, we have been impactful and have made meaningful progress towards accomplishing our strategic goals. I'm very proud of our team's effort and focus.

Our EBX business system continues to drive innovation, margin expansion and higher cash flow. I've actually been out visiting several of our sites and recently had a chance to visit Gothenburg, Sweden and Chennai, India to meet with our engineering teams. I was delighted to see our truly global innovation process at work and the new products we expect to launch in the coming quarters.

In Q1, we published our first sustainability report where we highlighted our activities and governance practices. I am pleased with our design efforts to make our products more sustainable and with continued positive community involvement of our associates globally. I'm looking forward to sharing more about our ESG initiatives during our Investor Day.