Brendan Caldwell, president and CEO of Caldwell Investment Management, discusses his top picks: Entegris, ESAB Corp., and Vulcan Materials.
Lastly, leverage reduction and synergies from a recent acquisition should support further multiple re-rating.ESAB is a global fabrication technology company that focuses on developing, manufacturing and supplying consumable products and equipment for use in cutting, joining and automated welding.It also offers software and digital solutions that help increase productivity, remotely monitor welding operations and digitize documentation.
A welder shortage should drive healthy adoption of automated welding solutions as companies build new manufacturing facilities in the U.S.