ESAB Corporation (NYSE:ESAB) Q3 2023 Earnings Conference Call November 1, 2023 8:00 AM ET

Company Participants

Shyam Kambeyanda - President, Chief Executive Officer

Kevin Johnson - Chief Financial Officer

Mark Barbalato - Vice President, Investor Relations

Conference Call Participants

Tami Zakaria - JP Morgan

Nathan Jones - Stifel

Mig Dobre - Baird

Chris Dankert - Loop Capital

Sherif El-Sabbahy - Bank of America

Rob Jamieson - UBS

Operator

Good morning and welcome to the ESAB third quarter 2023 earnings release and conference call.

All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again press star, one.

Thank you. Mark Barbalato, Vice President of Investor Relations, you may begin your conference.

Mark Barbalato

Thanks Operator. Welcome to ESAB’s third 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. ESAB achieved record results for the third quarter. Our team delivered strong year-over-year organic growth, margin expansion, and free cash flow.

Before getting into the slides, let me make a few comments. First, let me appreciate and thank our dedicated associates for their commitment and hard work. Their efforts are driving us closer to our long term goals. Second, our markets continue to be resilient, benefiting from favorable macro trends. The third quarter also underscored the strength of our global franchise. Our European team in particular excelled in the quarter, identifying opportunities to sell our new products and gain market share.