ESAB Corporation (NYSE:ESAB) Q1 2024 Earnings Conference Call May 1, 2024 8:00 AM ET

Company Participants

Mark Barbalato - Vice President, Investor Relations
Shyam Kambeyanda - President & Chief Executive Officer
Kevin Johnson - Chief Financial Officer

Conference Call Participants

Mig Dobre - Baird
Nathan Jones - Stifel
Tami Zakaria - JPMorgan

Operator

Thank you for standing by and welcome to the ESAB Corporation's First Quarter 2024 Earnings 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. [Operator Instructions] Mark Barbalato, Vice President of Investor Relations, you may begin your conference.

Mark Barbalato

Thanks, operator. Welcome to ESAB's first quarter 2024 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 in 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 and good morning, everyone. Thank you all for joining us today. We continue to make excellent progress towards our long-term goal of becoming a premier industrial compounder that is less cyclical as higher margins and deliver stronger cash flow.

As you're aware, we exited 2023 with good momentum and have maintained it for the start of 2024. Throughout the quarter our teams have continued to focus on their growth and margin expansion plans using EBX, and I'm very proud of the results we have achieved that has allowed us to raise our full year adjusted EBITDA and EPS guidance.

Before diving into the numbers, allow me to share a story, illustrating how we're actively shaping a better world and how the passion and commitment of our team is making a profound impact within ESAB and the communities we're part of. We've always believed in training the next generation of welders. In March, ESAB as part of our future fabricators program participated in the agricultural mechanics competition in Houston Texas, where over 1500 high school students from over 250 school districts took part. Many students were fabricating solutions for their farm while others were creating equipment to benefit their communities. This program aligns perfectly with our vision statement Shaping The World We Imagine. Such events provide a fantastic opportunity to engage kids in engineering and problem-solving fostering their creativity.