Filing Flows › Esab (ESAB) › Q1 2025
Esab (ESAB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Esab (ESAB) reported revenue of $678M for the first quarter 2025 (Q1 2025), -2% from a year earlier and +1% from the quarter before. Operating margin was 16.2%, net earnings $67.4M (9.9% of revenue).
Esab, Q1 2025: revenue $678M (-2% year over year), operating margin 16.2%, net earnings $67.4M, operating cash flow $35.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $678M | +1% | -2% |
| Gross profit | $255M | -1% | +0.1% |
| Operating profit | $110M | -1% | -0.7% |
| Net earnings | $67.4M | +25% | +12% |
| Operating cash flow | $35.4M | -72% | -20% |
| Free cash flow | $28.1M | -72% | -24% |
What changed
Revenue was $678.1M in Q1 2025, down 2% year over year and up 1% from the previous quarter. Consumables was the largest line at 66% of revenue. Consumables lost $29.2M year over year (down 6%), 252% of the total change.
Gross margin was 37.6%, up 0.7 points from a year earlier. Operating profit was $109.8M, a 16.2% margin (up 0.2 points year over year). Operating expenses grew 1% against a revenue fall of 2%. Net earnings were $67.4M, up 12% year over year. The effective tax rate was 22.7%.
Operating cash flow was $35.4M (down 20% year over year), 51% of net income including minority interests. Non-cash charges added back $17.5M of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items used $57.3M. Capital expenditures of $7.3M left free cash flow of $28.1M.
Questions
What was Esab's revenue in the first quarter 2025?
Esab (ESAB) reported revenue of $678M for the first quarter 2025 (Q1 2025), -2% from a year earlier and +1% from the quarter before.
Was Esab profitable in the first quarter 2025?
Operating profit was $110M (16.2% of revenue) and net earnings $67.4M.
Source: Esab 10-Q on SEC EDGAR.