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Shares of ESAB Corporation (NYSE:ESAB – Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $67.21 and last traded at $67.4350, with a volume of 1241021 shares changing hands. The stock had previously closed at $70.69.

Wall Street Analyst Weigh In ESAB has been the topic of several recent research reports. Oppenheimer lowered their price objective on ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. DA Davidson initiated coverage on shares of ESAB in a research note on Monday, June 15th. They issued a “buy” rating and a $130.00 price target on the stock. Roth Capital increased their target price on ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Stifel Nicolaus dropped their price objective on shares of ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Finally, Weiss Ratings downgraded ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, ESAB currently has a consensus rating of “Moderate Buy” and an average target price of $138.14.

Check Out Our Latest Report on ESAB

ESAB Stock Down 4.6% The firm’s fifty day simple moving average is $83.08 and its two-hundred day simple moving average is $93.34. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.38 and a beta of 1.17. ESAB (NYSE:ESAB – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). The firm had revenue of $807.63 million for the quarter, compared to analyst estimates of $755.64 million. ESAB had a return on equity of 14.48% and a net margin of 5.75%.The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 EPS. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Sell-side analysts anticipate that ESAB Corporation will post 5.46 EPS for the current year.

ESAB Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, October 2nd. ESAB’s dividend payout ratio is presently 17.20%.

Insider Transactions at ESAB In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of ESAB stock in a transaction on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the sale, the director owned 1,000 shares in the company, valued at $95,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ESAB Large investors have recently modified their holdings of the business. Tidal Investments LLC acquired a new stake in shares of ESAB during the 2nd quarter worth about $2,195,000. Nykredit A S acquired a new position in ESAB in the second quarter valued at about $197,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in ESAB in the second quarter valued at about $365,000. California State Teachers Retirement System boosted its stake in ESAB by 9,178.5% during the second quarter. California State Teachers Retirement System now owns 6,249,789 shares of the company’s stock worth $616,417,000 after buying an additional 6,182,431 shares during the period. Finally, HB Wealth Management LLC boosted its stake in ESAB by 29.4% during the second quarter. HB Wealth Management LLC now owns 3,207 shares of the company’s stock worth $316,000 after buying an additional 728 shares during the period. Institutional investors and hedge funds own 91.13% of the company’s stock.

About ESAB (Get Free Report)

ESAB Corporation (NYSE: ESAB) is a global provider of welding and cutting technologies. The company develops and manufactures welding equipment, welding consumables, cutting systems, automation solutions and related accessories used in industrial, commercial and maintenance applications.

Its product portfolio includes arc-welding equipment, electrodes and welding wires, gas and plasma cutting systems, robotic and automated welding solutions, and digital tools designed to improve fabrication processes.

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NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today that its Board of Directors has declared a quarterly cash dividend of $0.12 per share of the Company’s common stock. The dividend is payable on October 16, 2026 to shareholders of record as of October 2, 2026.

About ESAB Corporation

Founded in 1904, ESAB Corporation (NYSE: ESAB) is a focused industrial compounder. The Company’s rich history of innovative products, workflow solutions and its business system ESAB Business Excellence (“EBXai”), enables the Company’s purpose of Shaping the world we imagineTM. ESAB Corporation is based in North Bethesda, Maryland and employs approximately 11,300 associates and serves customers in approximately 150 countries. To learn more, visit www.ESABcorporation.com.

On August 27, 2026, ESAB Corp ESAB shares fell 3.9% to $78.99, reaching a 52-week range of $77.34 to $137.42. The recent decline reflects a broader trend, with the stock down 29.1% year-to-date and 32.5% over the past year.

GF Value™ verdict: Current price is $78.99, which is 32.2% below the GF Value™ estimate of $116.53.GF Score™: 77/100 (Above Average), indicating strong performance relative to industry peers.Notable signal: Insiders sold $8.9M worth of shares over the past 12 months with no buying activity.Is ESAB Overvalued or Undervalued?ESAB Corp's current share price of $78.99 is significantly below the GF Value™ estimate of $116.53, indicating a 32.2% undervaluation. This substantial margin of safety presents a potential opportunity for value-seeking investors. GF Value™ is derived from various factors, including historical trading multiples, past business growth, and projected future performance, and suggests that the market may not fully recognize ESAB's intrinsic worth.

However, investors must tread carefully as the stock is labeled a possible value trap according to the GF Valuation gauge. This warning indicates that while the stock appears undervalued on the surface, there could be underlying issues that may hinder its recovery, thus requiring a thorough examination of the company's fundamentals before making any decisions.

How Does ESAB's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)28.3x25.8xForward P/E14.5xN/ACurrently, ESAB's P/E (TTM) of 28.3x is above its 5-year median P/E of 25.8x, suggesting that the stock is trading at a higher valuation compared to its historical levels. While the forward P/E of 14.5x indicates a potential for better earnings in the future, this analysis aligns with the GF Value™ verdict, indicating that the current valuation may not fully reflect the company's growth potential.

What Does ESAB's GF Score™ Tell Us?The GF Score™ evaluates a company's overall financial health and growth potential, combining various metrics to provide an aggregated score that reflects its performance. ESAB's GF Score™ of 77/100 indicates that it is performing above average when compared to its peers, with a strong emphasis on growth potential and profitability.

MetricRatingGF Score™77Financial Strength5/10Profitability7/10Growth8/10Valuation4/10Momentum4/10ESAB's strongest areas are its growth (8/10) and profitability (7/10) rankings, indicating solid operational performance and the potential for future expansion. However, its weakest aspects are its financial strength (5/10) and valuation (4/10) rankings, suggesting that while the company shows promise, it may face challenges in its financial stability and perceived market valuation.

What Are Gurus and Insiders Doing with ESAB?Currently, 7 gurus hold positions in ESAB, with 7 of them adding to their stakes recently while only 1 trimmed their position. This indicates a generally positive sentiment among institutional investors regarding the company's long-term prospects. However, it is essential to note that insiders have sold $8.9M worth of shares over the past 12 months without any buying activity, which may reflect a lack of confidence in the company's immediate outlook.

This pattern of insider selling could be a red flag for potential investors, as it may suggest that those closest to the company do not see favorable short-term prospects. The mixed signals from guru and insider activity highlight the importance of conducting thorough due diligence before making any investment decisions.

What This Means for InvestorsBased on the GF Value™ assessment, ESAB Corp appears undervalued at its current price of $78.99, which is significantly below the estimated fair value of $116.53. However, the presence of a potential value trap warning and recent insider selling necessitates a cautious approach. Investors should weigh the opportunities against the risks associated with the company's financial health and market perception. For further insights on ESAB Corp, visit the ESAB Corp ESAB stock page.

Frequently Asked QuestionsWhat is ESAB's GF Score™?

ESAB's GF Score™ is 77/100, indicating the company is performing above average relative to its peers in terms of financial health and growth potential.

Is ESAB overvalued or undervalued?

According to the GF Value™, ESAB is undervalued with a current price of $78.99, which is 32.2% below the fair value estimate of $116.53.

What is ESAB's P/E ratio?

ESAB has a P/E (TTM) of 28.3x, which is above its 5-year median of 25.8x, suggesting that the stock is currently trading at a higher valuation compared to its historical levels.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

On August 21, 2026, ESAB Corp (ESAB) shares rose 3.6% to $81.40, showing some recovery amidst a challenging year where the stock has declined by 27% year-to-dat

ESAB Corporation (ESAB) Q2 2026 Earnings Call Transcript

NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, today announced financial results for the second quarter of 2026.

ESAB reported record second quarter sales of $808 million, an increase of 12.9% on a reported basis or an increase of 2.5% on a core organic growth basis before acquisitions and currency translation, as compared to the prior year quarter. ESAB also reported second quarter net income from continuing operations attributable to ESAB of $35 million or $0.54 diluted earnings per share and core adjusted net income of $83 million or $1.33 diluted earnings per share, down 1% on a year-over-year basis. Core adjusted EBITDA of $150 million rose 8.0% and core adjusted EBITDA margin decreased by 90 basis points on a year-over-year basis to 19.5%, reflecting transitory price/cost neutrality, and targeted commercial investments for equipment growth.

"ESAB delivered a record second quarter, with a solid return to organic growth in both regions, underscoring the strength of our platform even in a challenging macro environment. These results reflect the strength of our teams and the value of our unrivaled workflow solution that addresses our customers' most complex issues. Despite a challenging environment in the Middle East, our performance exceeded expectations, with particular strength in North America and Asia and a resilient Europe. We expect to mitigate the transitory cost inflation related to logistics and commodity price increases over the next few quarters," said Shyam P. Kambeyanda, ESAB President and CEO.

"We are also pleased to have closed our acquisition of Eddyfi one month ahead of schedule," Kambeyanda added. "This is a defining step in our strategy to extend our workflow solutions into compelling new adjacencies that shape ESAB into a higher-growth, higher-margin enterprise. Our performance this quarter reaffirms my full confidence in achieving our long-term financial targets as we continue to focus on organic growth, margin expansion, and deleveraging the business to create sustainable, long-term shareholder value."

Updating Full Year 2026 Outlook

ESAB has updated its full-year 2026 outlook, which now projects total core sales growth of 11.0% to 14.0%, an increase from the previous guidance of 6.0% to 9.0%. Within this growth, core organic sales remains 2.0% to 4.0%, while the contribution from M&A has been revised upward to approximately 9.0% from 4.0%, and the anticipated FX impact has remained the same with the prior range of 0.0% to 1.0%. Consequently, the company has raised its core adjusted EBITDA forecast to a range of $615 million to $625 million, up from the previous $575 million to $595 million, while the outlook for core adjusted EPS has been adjusted to a range of $5.40 to $5.50.

About ESAB Corporation

Founded in 1904, ESAB Corporation is a focused industrial compounder. The Company’s rich history of innovative products, workflow solutions and its business system ESAB Business Excellence (“EBXai”), enables the Company’s purpose of Shaping the world we imagineTM. ESAB Corporation is based in North Bethesda, Maryland and employs approximately 11,300 associates and serves customers in approximately 150 countries. To learn more, visit www.ESABcorporation.com.

Conference Call and Webcast

The Company will hold a conference call to discuss its second quarter 2026 results beginning at 8:00 a.m. Eastern on Thursday, August 6, 2026, which will be open to the public by calling +1-833-461-5787 (U.S. callers) and +1-585-542-9983 (International callers) and referencing the conference ID number 503859747 and through webcast via ESAB’s website www.ESABcorporation.com under the “Investors” section. Access to a supplemental slide presentation can also be found on ESAB's website under the same heading. Both the audio of this call and the slide presentation will be archived on the website later today and will be available until the next quarterly call. The Company’s quarterly report on Form 10-Q for the fiscal quarter ended July 3, 2026, filed August 6, 2026, is also available on ESAB’s website under the “Investors” section.

Non-GAAP Financial Measures and Other Adjustments

ESAB has provided in this press release financial information that has not been prepared in accordance with accounting principles generally accepted in the United States (“non-GAAP”). ESAB presents some of these non-GAAP financial measures including and excluding Russia due to economic and political volatility caused by the war in Ukraine, which results in enhanced investor interest in this information. Core non-GAAP financial measures exclude Russia for the three and six months ended July 3, 2026 and July 4, 2025. These non-GAAP financial measures may include one or more of the following: adjusted net income from continuing operations, Core adjusted net income from continuing operations, adjusted EBITDA (earnings before interest, taxes, Restructuring and other related charges, acquisition transaction, due diligence and integration expenses, amortization of intangibles and fair value step up on acquired inventories, depreciation and other amortization and compensation expense related to the Performance Option Awards), Core adjusted EBITDA, organic sales, Core organic sales, adjusted free cash flow and ratios based on the foregoing measures. ESAB also provides adjusted EBITDA and adjusted EBITDA margin on a segment basis, as well as Core adjusted EBITDA and Core adjusted EBITDA margin on a segment basis.

Adjusted net income from continuing operations represents Net income from continuing operations attributable to ESAB Corporation, excluding Restructuring and other related charges, acquisition transaction, due diligence and integration expenses, amortization of intangibles and fair value step up on acquired inventories and compensation expense related to the Performance Option Awards. Adjusted net income, includes the tax effect of non-GAAP adjusting items at applicable tax rates and excludes the impact of discrete tax charges or gains in each period. ESAB also presents adjusted net income margin from continuing operations, which is subject to the same adjustments as adjusted net income from continuing operations. Adjusted net income per diluted share from continuing operations is a calculation of adjusted net income from continuing operations over the weighted-average diluted shares outstanding. ESAB also presents Core adjusted net income from continuing operations and Core adjusted net income per share - diluted from continuing operations, which are subject to the same adjustments as Adjusted net income from continuing operations and Adjusted net income per diluted share from continuing operations, further removing the impact of Russia for the three and six months ended July 3, 2026 and July 4, 2025. We present the earnings per share-related non-GAAP measures on a basis that assumes the MCPS had already been converted as of the beginning of the applicable period (and accordingly also exclude the dividends accrued on the MCPS during such period, since such dividends would no longer be paid once the MCPS convert). We believe this presentation provides useful information to investors by helping them understand what the net impact will be on ESAB’s earnings per share - related measures once the MCPS convert into ESAB’s common stock.

Adjusted EBITDA excludes from Net income from continuing operations the effect of Income tax expense, Interest expense and other, net, Restructuring and other related charges, acquisition transaction, due diligence and integration expenses, amortization of intangibles and fair value step up on acquired inventories, depreciation and other amortization and compensation expense related to the Performance Option Awards. ESAB presents adjusted EBITDA margin, which is subject to the same adjustments as adjusted EBITDA. Further, ESAB presents these non-GAAP performance measures on a segment basis, which excludes the impact of Restructuring and other related charges, acquisition transaction, due diligence and integration expenses, amortization of intangibles and fair value step up on acquired inventories, depreciation and other amortization and compensation expense related to the Performance Option Awards from operating income. ESAB also presents Core adjusted EBITDA and Core adjusted EBITDA margin, which are subject to the same adjustments as Adjusted EBITDA and Adjusted EBITDA margin, respectively, further removing the impact of Russia for the three and six months ended July 3, 2026 and July 4, 2025.

ESAB presents organic sales, which excludes the impact of acquisitions and foreign exchange rate fluctuations and presents core organic sales, which further excludes the impact of the Russia business for the three and six months ended July 3, 2026 and July 4, 2025.

Adjusted free cash flow represents cash flows from operating activities excluding cash outflows related to discontinued operations and acquisition-related payments less purchases of property, plant and equipment.

These non-GAAP financial measures assist ESAB management in comparing its operating performance over time because certain items may obscure underlying business trends and make comparisons of long-term performance difficult, as they are of a nature and/or size that occur with inconsistent frequency or relate to unusual events or discrete restructuring plans and other initiatives that are fundamentally different from the ongoing productivity and core business of the Company.

ESAB management also believes that presenting these measures allows investors to view its performance using the same measures that the Company uses in evaluating its financial and business performance and trends.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information calculated in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures. A reconciliation of non-GAAP financial measures presented above to GAAP results has been provided in the financial tables included in this press release.

Forward-Looking Statements

This press release includes forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning the Company’s plans, goals, objectives, outlook, expectations, and intentions, and other statements that are not historical or current fact. Forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including general risks and uncertainties such as market conditions, economic conditions, geopolitical events, changes in laws, regulations or accounting rules, fluctuations in interest rates, terrorism, wars or conflicts, major health concerns, natural disasters or other disruptions of expected business conditions. Factors that could cause the Company’s results to differ materially from current expectations include, but are not limited to, risks related to the impact of the war in Ukraine and the conflict in the Middle East and the resulting escalating geopolitical tensions; impact of supply chain disruptions; the impact of creditworthiness and financial viability of customers; impact of inflationary pressures, tariffs and trade policies, foreign exchange fluctuations and commodity prices; other impacts on the Company’s business and ability to execute business continuity plans; and the other factors detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (“SEC”) on February 20, 2026, and the Form 10-Q for the quarterly period ended April 3, 2026 filed with the SEC on May 7, 2026, as well as other risks discussed in the Company’s filings with the SEC. In addition, these statements are based on assumptions that are subject to change. This press release speaks only as of the date hereof. The Company disclaims any duty to update the information herein.

  ESAB CORPORATION

CONSOLIDATED AND CONDENSED STATEMENTS OF OPERATIONS

Dollars in thousands, except per share data

(Unaudited)

Three Months Ended

Six Months Ended

July 3, 2026

July 4, 2025

July 3, 2026

July 4, 2025

Net sales

$

807,627

$

715,586

$

1,553,224

$

1,393,724

Cost of sales

500,416

449,539

970,901

872,475

Gross profit

307,211

266,047

582,323

521,249

Selling, general and administrative expense

210,169

155,563

384,641

296,421

Restructuring and other related charges

18,317

1,390

28,478

5,889

Operating income

78,725

109,094

169,204

218,939

Interest expense and other, net

30,623

20,999

56,200

37,781

Income from continuing operations before income taxes

48,102

88,095

113,004

181,158

Income tax expense

11,701

18,283

24,812

38,782

Net income from continuing operations

36,401

69,812

88,192

142,376

Loss from discontinued operations, net of taxes

(2,413

)

(1,708

)

(4,967

)

(4,440

)

Net income

33,988

68,104

83,225

137,936

Income attributable to noncontrolling interest, net of taxes

(1,634

)

(1,221

)

(3,227

)

(3,690

)

Net income attributable to ESAB Corporation

32,354

66,883

79,998

134,246

Mandatory convertible preferred stock dividends

(1,390

)

—

(1,390

)

—

Net income attributable to common stockholders

$

30,964

$

66,883

$

78,608

$

134,246

Earnings (loss) per share – basic

Income from continuing operations

$

0.54

$

1.13

$

1.36

$

2.28

Loss on discontinued operations

(0.04

)

(0.03

)

(0.08

)

(0.07

)

Net income per share – basic

$

0.50

$

1.10

$

1.28

$

2.21

Earnings (loss) per share – diluted

Income from continuing operations

$

0.54

$

1.12

$

1.35

$

2.26

Loss on discontinued operations

(0.04

)

(0.03

)

(0.08

)

(0.07

)

Net income per share – diluted

$

0.50

$

1.09

$

1.27

$

2.19

ESAB CORPORATION

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

Dollars in millions, except per share data

(Unaudited)

Three Months Ended(1)

Six Months Ended(1)

July 3, 2026

July 4, 2025

July 3, 2026

July 4, 2025

Adjusted Net Income

Net income from continuing operations (GAAP)

$

36.4

$

69.8

$

88.2

$

142.4

Income attributable to noncontrolling interest, net of taxes

(1.6

)

(1.2

)

(3.2

)

(3.7

)

MCPS dividends

(1.4

)

—

(1.4

)

—

Net income from continuing operations attributable to ESAB Corporation (GAAP)

33.4

68.6

83.6

138.7

Restructuring and other related charges – pretax(2)

18.3

1.4

28.5

5.9

Acquisition-amortization and other related charges – pretax(3)

41.3

21.6

68.9

31.2

Performance option awards compensation expense(4)

0.7

—

0.7

—

Tax effect on above items(5)

(14.8

)

(5.3

)

(23.7

)

(8.8

)

Discrete tax adjustments(6)

3.8

—

3.8

—

MCPS dividends assuming "if-converted" method(7)

1.4

—

1.4

—

Adjusted net income from continuing operations (non-GAAP)

84.1

86.3

163.1

166.9

Adjusted net income from continuing operations attributable to Russia (non-GAAP)(8)

(1.3

)

(2.3

)

0.2

(6.0

)

Core adjusted net income from continuing operations (non-GAAP)

$

82.8

$

84.0

$

163.2

$

160.9

Adjusted net income margin from continuing operations

10.4

%

12.0

%

10.5

%

12.0

%

Adjusted Net Income Per Share

Net income per share – diluted from continuing operations (GAAP)

$

0.54

$

1.12

$

1.35

$

2.26

Restructuring and other related charges – pretax(2)

0.29

0.02

0.46

0.10

Acquisition-amortization and other related charges – pretax(3)

0.66

0.35

1.12

0.51

Performance option awards compensation expense(4)

0.01

—

0.01

—

Tax effect on above items(5)

(0.24

)

(0.09

)

(0.38

)

(0.14

)

Discrete tax adjustments(6)

0.06

—

0.06

—

MCPS dividends assuming "if-converted" method(7)

0.02

—

0.02

—

Adjusted net income per share – diluted from continuing operations (non-GAAP)

1.35

1.40

2.64

2.72

Adjusted net income per share – diluted from continuing operations attributable to Russia (non-GAAP)(8)

(0.02

)

(0.04

)

—

(0.10

)

Core adjusted net income per share – diluted from continuing operations (non-GAAP)

$

1.33

$

1.36

$

2.64

$

2.62

__________

(1)

Numbers may not sum due to rounding.

(2)

Includes severance and other termination benefits, including outplacement services as well as the cost of relocating associates, relocating equipment, lease termination expenses, impairment of long-lived assets, costs associated with disposing of discontinued products and other costs in connection with the closure and optimization of facilities and product lines.

(3)

Includes transaction, diligence and integration expenses totaling $24.8 million and $35.1 million for the three and six months ended July 3, 2026, respectively, and $12.8 million and $14.2 million for the three and six months ended July 4, 2025, respectively. Additionally, it includes amortization of intangibles and fair value step up on acquired inventories totaling $16.5 million and $29.0 million for the three and six months ended July 3, 2026, respectively, and $8.8 million and $17.0 million for the three and six months ended July 4, 2025, respectively. Additionally, includes $4.8 million of bridge loan commitment fees related to the Eddyfi Technologies acquisition for the six months ended July 3, 2026.

(4)

Represents the impact of the Performance Option Awards granted in June and July 2026. These awards were non-cash, one-time, non-recurring grants with a different structure and size than the Company’s annual equity compensation program.

(5)

This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. ESAB estimates the tax effect of each adjustment by applying ESAB’s overall estimated effective tax rate to the pretax amount, unless the nature of the item and/or tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment. The MCPS dividends are not tax deductible and therefore the tax effect of the adjustments reflected in the table above does not include any tax impact of the MCPS dividends.

(6)

For 2026, discrete adjustments relate to tax effects from the Eddyfi transaction.

(7)

In June 2026, the Company issued $175.0 million in aggregate liquidation preference of the MCPS. Dividends on the MCPS are payable on a cumulative basis at an annual rate of 6.50% on the liquidation preference of $1,000 per share. Unless earlier converted, each share of MCPS will automatically convert on approximately June 2029 into between 7.1806 and 8.2576 shares of ESAB's common stock, subject to further anti-dilution adjustments. The number of shares of ESAB's common stock issuable on conversion of the MCPS will be determined based on the volume weighted average price ("VWAP") per share of the Company's common stock over the 20 consecutive trading day period commencing on, and including, the 21st scheduled trading day immediately preceding the final dividend payment date. For the purposes of calculating adjusted net income per share, the Company has excluded the paid and anticipated MCPS cash dividends and assumed the 'if-converted' method of share dilution (the incremental shares of common stock deemed outstanding applying the 'if-converted' method of calculating share dilution are referred to as the 'Converted Shares'). Under this method, approximately 0.5 million and 0.3 million Converted Shares were included in weighted average diluted shares outstanding for the three and six months ended July 3, 2026, respectively. We believe this presentation provides useful information to investors by helping them understand what the net impact will be on ESAB’s earnings per share - related measures once the MCPS convert into ESAB’s common stock.

(8)

Numbers calculated following the same definition as Adjusted net income from continuing operations for total Company.

ESAB CORPORATION

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

Dollars in millions

(Unaudited)

Three Months Ended July 3, 2026(1)

Six Months Ended July 3, 2026(1)

Americas

EMEA &
APAC

Total

Americas

EMEA &
APAC

Total

Net income from continuing operations (GAAP)

$

36.4

$

88.2

Income tax expense

11.7

24.8

Interest expense and other, net

30.6

56.2

Operating income (GAAP)

$

22.5

$

56.2

$

78.7

$

57.7

$

111.5

$

169.2

Adjusted to add

Restructuring and other related charges(2)

18.3

—

18.3

27.3

1.2

28.5

Acquisition-amortization and other related charges(3)

18.2

23.1

41.3

25.9

38.3

64.1

Depreciation and other amortization

4.7

7.6

12.3

9.0

16.5

25.5

Performance option awards compensation expense(4)

0.3

0.4

0.7

0.3

0.4

0.7

Adjusted EBITDA (non-GAAP)

64.0

87.3

151.4

120.0

167.9

287.9

Adjusted EBITDA attributable to Russia (non-GAAP)(5)

—

1.8

1.8

—

2.5

2.5

Core adjusted EBITDA (non-GAAP)

$

64.0

$

85.5

$

149.6

$

120.0

$

165.4

$

285.5

Adjusted EBITDA margin (non-GAAP)

20.3

%

17.8

%

18.7

%

19.9

%

17.7

%

18.5

%

Core adjusted EBITDA margin (non-GAAP)(6)

20.3

%

19.0

%

19.5

%

19.9

%

18.8

%

19.3

%

__________

(1)

Numbers may not sum due to rounding.

(2)

Includes severance and other termination benefits, including outplacement services as well as the cost of relocating associates, relocating equipment, lease termination expenses, impairment of long-lived assets, costs associated with disposing of discontinued products and other costs in connection with the closure and optimization of facilities and product lines.

(3)

Includes transaction, diligence and integration expenses totaling $24.8 million and $35.1 million for the three and six months ended July 3, 2026, respectively, and amortization of intangibles and fair value step up on acquired inventories totaling $16.5 million and $29.0 million for the three and six months ended July 3, 2026, respectively.

(4)

Represents the impact of the Performance Option Awards granted in June and July 2026. These awards were non-cash, one-time, non-recurring grants with a different structure and size than the Company’s annual equity compensation program.

(5)

Numbers calculated following the same definition as Adjusted EBITDA for total Company.

(6)

Net sales were $41.4 million and $72.5 million relating to Russia for the three and six months ended July 3, 2026, respectively.

ESAB CORPORATION

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

Dollars in millions

(Unaudited)

Three Months Ended July 4, 2025(1)

Six Months Ended July 4, 2025(1)

Americas

EMEA &
APAC

Total

Americas

EMEA &
APAC

Total

Net income from continuing operations (GAAP)

$

69.8

$

142.4

Income tax expense

18.3

38.8

Interest expense and other, net

21.0

37.8

Operating income (GAAP)

$

42.4

$

66.7

$

109.1

$

85.7

$

133.3

$

218.9

Adjusted to add

Restructuring and other related charges(2)

0.5

0.9

1.4

2.2

3.7

5.9

Acquisition-amortization and other related charges(3)

10.0

11.5

21.6

15.7

15.5

31.2

Depreciation and other amortization

3.8

7.6

11.4

7.7

13.6

21.4

Adjusted EBITDA (non-GAAP)

56.8

86.7

143.5

111.3

166.1

277.4

Adjusted EBITDA attributable to Russia (non-GAAP)(4)

—

5.0

5.0

—

11.0

11.0

Core adjusted EBITDA (non-GAAP)

$

56.8

$

81.7

$

138.5

$

111.3

$

155.1

$

266.4

Adjusted EBITDA margin (non-GAAP)

20.1

%

20.0

%

20.1

%

19.8

%

20.0

%

19.9

%

Core adjusted EBITDA margin (non-GAAP)(5)

20.1

%

20.6

%

20.4

%

19.8

%

20.4

%

20.1

%

(1)

Numbers may not sum due to rounding.

(2)

Includes severance and other termination benefits, including outplacement services as well as the cost of relocating associates, relocating equipment, lease termination expenses, impairment of long-lived assets and other costs in connection with the closure and optimization of facilities and product lines.

(3)

Includes transaction, diligence and integration expenses totaling $12.8 million and $14.2 million for the three and six months ended July 4, 2025, respectively, and amortization of intangibles and fair value step up on acquired inventories totaling $8.8 million and $17.0 million for the three and six months ended July 4, 2025, respectively.

(4)

Numbers calculated following the same definition as Adjusted EBITDA for total Company.

(5)

Net sales were $37.1 million and $68.4 million relating to Russia for the three and six months ended July 4, 2025, respectively.

ESAB CORPORATION

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

Change in Net Sales

Dollars in millions

(Unaudited)

Net Sales(1)

Americas

EMEA & APAC

Total

$

Change %

$

Change %

$

Change %

For the three months ended July 4, 2025

$

282.7

$

432.9

$

715.6

Components of Change:

Existing businesses (organic sales)(2)

13.9

4.9

%

4.0

0.9

%

17.9

2.5

%

Acquisitions(3)

9.6

3.4

%

46.0

10.6

%

55.5

7.8

%

Foreign currency translation(4)

9.7

3.4

%

8.9

2.1

%

18.6

2.6

%

Total Net sales growth

33.2

11.7

%

58.9

13.6

%

92.0

12.9

%

For the three months ended July 3, 2026

$

315.9

$

491.7

$

807.6

(1)

Numbers may not sum due to rounding

(2)

Excludes the impact of acquisitions and foreign exchange rate fluctuations, thus providing a measure of change due to organic growth factors such as price, product mix and volume.

(3)

Represents the incremental sales in comparison to the portion of the prior period during which we did not own the business.

(4)

Represents the difference between prior year sales valued at the actual prior year foreign exchange rates and prior year sales valued at current year foreign exchange rates.

Core Sales(1)(5)

Americas

EMEA & APAC

Total

$

Change %

$

Change %

$

Change %

For the three months ended July 4, 2025

$

282.7

$

395.7

$

678.5

Components of Change:

Existing businesses (core organic sales)(2)

13.9

4.9

%

2.8

0.7

%

16.8

2.5

%

Acquisitions(3)

9.6

3.4

%

46.0

11.6

%

55.5

8.2

%

Foreign currency translation(4)

9.7

3.4

%

5.9

1.5

%

15.5

2.3

%

Total Core sales growth

33.2

11.7

%

54.6

13.8

%

87.8

12.9

%

For the three months ended July 3, 2026

$

315.9

$

450.4

$

766.3

(1)

Numbers may not sum due to rounding.

(2)

Excludes the impact of acquisitions and foreign exchange rate fluctuations, thus providing a measure of change due to organic growth factors such as price, product mix and volume.

(3)

Represents the incremental sales in comparison to the portion of the prior period during which we did not own the business.

(4)

Represents the difference between prior year sales valued at the actual prior year foreign exchange rates and prior year sales valued at current year foreign exchange rates.

(5)

Represents sales excluding Russia for the three months ended July 3, 2026 and July 4, 2025.

ESAB CORPORATION

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

Change in Net Sales Dollars in millions (Unaudited)

Net Sales(1)

Americas

EMEA & APAC

Total

$

Change %

$

Change %

$

Change %

For the six months ended July 4, 2025

$

563.4

$

830.3

$

1,393.7

Components of Change:

Existing businesses (organic sales)(2)

11.8

2.1

%

(6.5

)

(0.8

)%

5.3

0.4

%

Acquisitions(3)

9.6

1.7

%

88.8

10.7

%

98.3

7.1

%

Foreign currency translation(4)

19.5

3.5

%

36.4

4.4

%

55.9

4.0

%

Total Net sales growth

40.9

7.3

%

118.6

14.3

%

159.5

11.4

%

For the six months ended July 3, 2026

$

604.2

$

949.0

$

1,553.2

(1)

Numbers may not sum due to rounding.

(2)

Excludes the impact of acquisitions and foreign exchange rate fluctuations, thus providing a measure of change due to organic growth factors such as price, product mix and volume.

(3)

Represents the incremental sales in comparison to the portion of the prior period during which we did not own the business.

(4)

Represents the difference between prior year sales valued at the actual prior year foreign exchange rates and prior year sales valued at current year foreign exchange rates.

Core Sales(1)(5)

Americas

EMEA & APAC

Total

$

Change %

$

Change %

$

Change %

For the six months ended July 4, 2025

$

563.4

$

761.9

$

1,325.3

Components of Change:

Existing businesses (core organic sales)(2)

11.8

2.1

%

(2.5

)

(0.3

)%

9.3

0.7

%

Acquisitions(3)

9.6

1.7

%

88.8

11.7

%

98.3

7.4

%

Foreign currency translation(4)

19.5

3.5

%

28.3

3.7

%

47.8

3.6

%

Total Core sales growth

40.9

7.3

%

114.6

15.0

%

155.4

11.7

%

For the six months ended July 3, 2026

$

604.2

$

876.5

$

1,480.8

(1)

Numbers may not sum due to rounding.

(2)

Excludes the impact of acquisitions and foreign exchange rate fluctuations, thus providing a measure of change due to organic growth factors such as price, product mix and volume.

(3)

Represents the incremental sales in comparison to the portion of the prior period during which we did not own the business.

(4)

Represents the difference between prior year sales valued at the actual prior year foreign exchange rates and prior year sales valued at current year foreign exchange rates.

(5)

Represents sales excluding Russia for the six months ended July 3, 2026 and July 4, 2025.

ESAB CORPORATION

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

Adjusted Free Cash Flow

Dollars in millions

(Unaudited)

Three Months Ended

Six Months Ended

July 3, 2026

July 4, 2025

July 3, 2026

July 4, 2025

Net cash provided by operating activities (GAAP)

$

33.4

$

46.6

$

80.3

$

82.0

Purchases of property, plant and equipment (GAAP)

(17.7

)

(9.2

)

(31.4

)

(16.5

)

Payments related to discontinued operations

7.5

4.9

11.8

7.2

Acquisition-related payments(1)

18.2

4.0

20.2

4.0

Adjusted free cash flow (non-GAAP)(2)

$

41.4

$

46.4

$

80.9

$

76.8

ESAB CORPORATION

2026 Outlook

Dollars in millions, except per share amounts

(Unaudited)

ESAB 2026 Outlook

Previous Guidance(1)

New Guidance

2025 Core net sales

$

2,700.4

$

2,700.4

Organic growth

2.0% - 4.0%

2.0% - 4.0%

Acquisitions

~4.0%

~9.0%

Currency

0.0% - 1.0%

0.0% - 1.0%

2026 Core net sales growth range

6.0% - 9.0%

11.0% - 14.0%

2025 Core adjusted EBITDA

$

540.0

$

540.0

2026 Core adjusted EBITDA range

$575 - $595

$615 - $625

2025 Core adjusted EPS

$

5.27

$

5.27

2026 Core adjusted EPS range

$5.70 - $5.90

$5.40 - $5.50

ESAB CORPORATION

CONSOLIDATED AND CONDENSED BALANCE SHEETS

Dollars in thousands, except share and per share amounts

(Unaudited)

July 3, 2026

December 31, 2025

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

217,491

$

185,863

Trade receivables, less allowance for credit losses of $22,538 and $21,765

554,147

451,298

Inventories, net

581,541

481,765

Prepaid expenses

84,482

66,103

Other current assets

90,802

76,876

Total current assets

1,528,463

1,261,905

Property, plant and equipment, net

389,848

381,876

Goodwill

2,746,209

1,949,702

Intangible assets, net

1,372,088

673,006

Lease assets - right of use

143,382

113,310

Other assets

382,621

386,295

Total assets

$

6,562,611

$

4,766,094

LIABILITIES AND EQUITY

CURRENT LIABILITIES:

Current portion of debt

$

5,940

$

2,412

Accounts payable

407,428

360,391

Accrued liabilities

365,639

301,986

Total current liabilities

779,007

664,789

Long-term debt

2,391,350

1,232,540

Other liabilities

808,037

657,236

Total liabilities

3,978,394

2,554,565

Equity:

Preferred stock, $0.001 par value, 20,000,000 shares authorized:

6.50% Series A Mandatory Convertible Preferred Stock , 175,000 shares issued and outstanding at July 3, 2026; no shares issued or outstanding at December 31, 2025

171,097

—

Common stock - $0.001 par value - 600,000,000 shares authorized, 62,167,669 and 60,721,079 shares outstanding as of July 3, 2026 and December 31, 2025, respectively

62

61

Additional paid-in capital

2,049,885

1,904,889

Retained earnings

865,809

800,806

Accumulated other comprehensive loss

(548,172

)

(539,716

)

Total ESAB Corporation equity

2,538,681

2,166,040

Noncontrolling interest

45,536

45,489

Total equity

2,584,217

2,211,529

Total liabilities and equity

$

6,562,611

$

4,766,094

ESAB CORPORATION

CONSOLIDATED AND CONDENSED STATEMENTS OF CASH FLOWS

Dollars in thousands

(Unaudited)

Six Months Ended

July 3, 2026

July 4, 2025

Cash flows from operating activities:

Net income

$

83,225

$

137,936

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation, amortization and other impairment charges

51,736

36,846

Net gain on sale of property, plant and equipment

(60

)

(5,703

)

Stock-based compensation expense

10,382

9,900

Deferred income tax benefit

(15,183

)

(6,761

)

Amortization of debt issuance costs

7,304

1,255

Changes in operating assets and liabilities:

Trade receivables, net

(39,541

)

(49,161

)

Inventories, net

(51,522

)

(37,407

)

Accounts payable

36,345

23,183

Other operating assets and liabilities

(2,348

)

(28,051

)

Net cash provided by operating activities

80,338

82,037

Cash flows from investing activities:

Purchases of property, plant and equipment

(31,448

)

(16,474

)

Proceeds from sale of property, plant and equipment

359

4,732

Acquisitions, net of cash received

(1,469,372

)

(86,252

)

Other investing

—

(500

)

Net cash used in investing activities

(1,500,461

)

(98,494

)

Cash flows from financing activities:

Proceeds from issuance of Preferred Stock, net

171,097

—

Proceeds from issuance of Common Stock, net

139,796

—

Proceeds from borrowings on Senior Notes

1,000,000

—

Repayments of borrowings on Term Loans

—

(5,000

)

Proceeds from borrowings on revolving credit facilities and other

904,267

8,674

Repayments of borrowings on revolving credit facilities and other

(730,816

)

—

Payment of debt issuance costs

(17,813

)

—

Payment of dividends

(12,201

)

(9,729

)

Distributions to noncontrolling interest holders

(1,117

)

(1,174

)

Other financing

(5,198

)

(12,418

)

Net cash provided by (used in) financing activities

1,448,015

(19,647

)

Effect of foreign exchange rates on Cash and cash equivalents

3,736

44,969

Increase in Cash and cash equivalents

31,628

8,865

Cash and cash equivalents, beginning of period

185,863

249,358

Cash and cash equivalents, end of period

$

217,491

$

258,223

Posted by Defense World Staff on Jul 23rd, 2026

Allspring Global Investments Holdings LLC acquired a new position in shares of ESAB Corporation (NYSE:ESAB – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 95,107 shares of the company’s stock, valued at approximately $9,606,000. Allspring Global Investments Holdings LLC owned approximately 0.16% of ESAB at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ESAB. Los Angeles Capital Management LLC purchased a new position in shares of ESAB during the fourth quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. raised its holdings in ESAB by 109.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock valued at $40,000 after acquiring an additional 174 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of ESAB by 259.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock worth $43,000 after purchasing an additional 275 shares during the period. Global Retirement Partners LLC lifted its stake in shares of ESAB by 3,023.1% during the 4th quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock worth $45,000 after purchasing an additional 393 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of ESAB by 185.3% during the fourth quarter. UMB Bank n.a. now owns 642 shares of the company’s stock worth $72,000 after purchasing an additional 417 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

Wall Street Analysts Forecast Growth A number of research analysts have recently commented on the stock. Oppenheimer dropped their price objective on shares of ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday. Jefferies Financial Group restated a “buy” rating and issued a $130.00 target price (down from $150.00) on shares of ESAB in a report on Tuesday, March 31st. Stifel Nicolaus dropped their price target on shares of ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. cut their price target on shares of ESAB from $148.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Finally, Roth Capital lifted their price target on shares of ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, ESAB has an average rating of “Moderate Buy” and an average price target of $138.38.

Get Our Latest Stock Analysis on ESAB

ESAB Trading Down 2.5% NYSE ESAB opened at $83.83 on Thursday. ESAB Corporation has a one year low of $82.18 and a one year high of $137.42. The company’s 50 day moving average price is $92.26 and its 200 day moving average price is $104.61. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.26 and a current ratio of 2.97. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.60 and a beta of 1.17.

ESAB (NYSE:ESAB – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.01). ESAB had a return on equity of 15.04% and a net margin of 7.11%.The business had revenue of $745.60 million for the quarter, compared to analysts’ expectations of $706.74 million. During the same period last year, the company posted $1.25 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, sell-side analysts predict that ESAB Corporation will post 5.72 EPS for the current year.

ESAB Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 3rd were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, July 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from ESAB’s previous quarterly dividend of $0.10. ESAB’s payout ratio is 14.20%.

ESAB Profile (Free Report)

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.

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Esab (ESAB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Dimensional Fund Advisors LP raised its holdings in shares of ESAB Corporation (NYSE: ESAB) by 0.9% during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,145,744 shares of the company's stock after purchasing an additional 10,765 shares during the period.

NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today the pricing of its previously announced offering of $1,000.0 million aggregate principal amount of 5.625% Senior Notes due 2031 (the “Notes”). ESAB intends to use the net proceeds from the sale of the Notes to pay a portion of the purchase price of all of the issued and outstanding shares of Eddyfi Holding Inc., a corporation incorporated under the laws of the Province of Québec (“Eddyfi”), and certain related entities (such transaction, the “Acquisition”). The Notes will be guaranteed (the “Guarantees”) by certain of ESAB’s current and future domestic restricted subsidiaries. The offering is expected to close on March 26, 2026, subject to customary closing conditions.

The Notes and the related Guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. As a result, the Notes and the related Guarantees may not be offered or sold within the United States to or for the account or benefit of any U.S. person unless the offer or sale would qualify for a registration exemption under the Securities Act and applicable state securities laws. Accordingly, the Notes and the related Guarantees are being offered only to a limited number of U.S. investors that ESAB reasonably believes to be “qualified institutional buyers” in accordance with Rule 144A under the Securities Act, and to certain persons outside the United States in accordance with Regulation S under the Securities Act.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of the Notes or the related Guarantees in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release contains information about the pending offering of the Notes, and there can be no assurance that the offering will be completed.

About ESAB

Founded in 1904, ESAB is a focused premier industrial compounder. The Company’s rich history of innovative products, workflow solutions and business system ESAB Business Excellence, enables its purpose of Shaping the world we imagineTM. ESAB is based in North Bethesda, Maryland and employs approximately 10,300 associates and serves customers in approximately 150 countries.

Cautionary Note Concerning Forward Looking Statements

This press release includes forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning the completion of the offering of the Notes, the use of the net proceeds therefrom, the Acquisition of Eddyfi, future results and leverage after the Acquisition and funding of the Acquisition, the Company’s plans, goals, objectives, outlook, expectations, and intentions, and other statements that are not historical or current fact. Forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including general risks and uncertainties such as market conditions, economic conditions, geopolitical events, changes in laws, regulations or accounting rules, fluctuations in interest rates, terrorism, wars or conflicts, major health concerns, natural disasters or other disruptions of expected business conditions. Factors that could cause the Company’s results to differ materially from current expectations include, but are not limited to, risks related to the war in Ukraine and the conflict in the Middle East and the resulting escalating geopolitical tensions; impact of supply chain disruptions; the impact of creditworthiness and financial viability of customers; impact of inflationary pressures, tariffs and trade policies, foreign exchange fluctuations and commodity prices; other impacts on the Company’s business and ability to execute business continuity plans; and the other factors detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (“SEC”) on February 20, 2026, as well as other risks discussed in the Company’s filings with the SEC. In addition, these statements are based on assumptions that are subject to change. This press release speaks only as of the date hereof. The Company disclaims any duty to update the information herein.

Private equity (PE) firms have deployed trillions of dollars buying public companies, taking them private, restructuring operations, and selling at a profit.

Posted by Defense World Staff on Apr 7th, 2026

SG Americas Securities LLC decreased its holdings in ESAB Corporation (NYSE:ESAB – Free Report) by 47.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,893 shares of the company’s stock after selling 12,750 shares during the period. SG Americas Securities LLC’s holdings in ESAB were worth $1,552,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Durable Capital Partners LP increased its holdings in shares of ESAB by 40.5% during the third quarter. Durable Capital Partners LP now owns 1,945,854 shares of the company’s stock worth $217,430,000 after buying an additional 560,678 shares in the last quarter. Dimensional Fund Advisors LP grew its position in ESAB by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,145,744 shares of the company’s stock worth $128,014,000 after acquiring an additional 10,765 shares during the last quarter. DAVENPORT & Co LLC grew its position in ESAB by 10.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 1,011,536 shares of the company’s stock worth $113,029,000 after acquiring an additional 95,294 shares during the last quarter. Cooke & Bieler LP increased its holdings in ESAB by 64.3% in the 3rd quarter. Cooke & Bieler LP now owns 996,533 shares of the company’s stock worth $111,353,000 after purchasing an additional 390,104 shares in the last quarter. Finally, Royce & Associates LP raised its position in ESAB by 27.6% in the third quarter. Royce & Associates LP now owns 785,506 shares of the company’s stock valued at $87,772,000 after purchasing an additional 169,958 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

Analyst Ratings Changes Several equities analysts have recently issued reports on ESAB shares. Wall Street Zen downgraded shares of ESAB from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings cut shares of ESAB from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Oppenheimer increased their price objective on ESAB from $142.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their target price on ESAB from $130.00 to $153.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, Roth Mkm reiterated a “buy” rating and issued a $146.00 price target (down from $150.00) on shares of ESAB in a research report on Tuesday, February 3rd. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.56.

Check Out Our Latest Stock Report on ESAB

ESAB Price Performance Shares of NYSE ESAB opened at $96.10 on Tuesday. The firm has a market capitalization of $5.85 billion, a P/E ratio of 25.97, a P/E/G ratio of 1.82 and a beta of 1.36. The firm’s 50-day moving average price is $113.96 and its 200-day moving average price is $114.53. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.56. ESAB Corporation has a 1-year low of $89.41 and a 1-year high of $137.42.

ESAB (NYSE:ESAB – Get Free Report) last posted its quarterly earnings results on Friday, February 20th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.01. The business had revenue of $687.00 million during the quarter, compared to the consensus estimate of $687.80 million. ESAB had a net margin of 7.98% and a return on equity of 15.38%. ESAB’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 EPS. Equities research analysts anticipate that ESAB Corporation will post 5.16 earnings per share for the current fiscal year.

ESAB Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 2nd will be paid a $0.10 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $0.40 annualized dividend and a yield of 0.4%. ESAB’s dividend payout ratio (DPR) is 10.81%.

Insider Buying and Selling In other news, CEO Shyam Kambeyanda sold 59,404 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $123.79, for a total value of $7,353,621.16. Following the completion of the transaction, the chief executive officer directly owned 99,864 shares of the company’s stock, valued at $12,362,164.56. This represents a 37.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 7.30% of the company’s stock.

ESAB Profile (Free Report)

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.

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NORTH BETHESDA, Md.--(BUSINESS WIRE)---- $ESAB #ESAB--ESAB Corporation Schedules First Quarter 2026 Earnings Release and Conference Call.

Esab (ESAB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Esab (ESAB - Free Report) came out with quarterly earnings of $1.31 per share, missing the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -0.61%. A quarter ago, it was expected that this maker of welding and cutting equipment would post earnings of $1.34 per share when it actually produced earnings of $1.35, delivering a surprise of +0.75%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Esab, which belongs to the Zacks Metal Products - Procurement and Fabrication industry, posted revenues of $714.5 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.86%. This compares to year-ago revenues of $646.9 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Esab shares have lost about 9.1% since the beginning of the year versus the S&P 500's gain of 7.6%.

What's Next for Esab?While Esab has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Esab was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.51 on $741.15 million in revenues for the coming quarter and $5.82 on $2.93 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Metal Products - Procurement and Fabrication is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Research Solutions Inc. (RSSS - Free Report) , another stock in the broader Zacks Industrial Products sector, has yet to report results for the quarter ended March 2026.

This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +33.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Research Solutions Inc.'s revenues are expected to be $12.48 million, down 1.4% from the year-ago quarter.

NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today that its Board of Directors has declared an increased quarterly cash dividend of $0.12 per share of the Company’s common stock. The dividend is payable on July 17, 2026 to shareholders of record as of July 3, 2026.

“We are pleased to announce an increase in our quarterly dividend from $0.10 to $0.12 per share, reflecting our continued confidence in ESAB’s strong cash generation and balanced capital allocation strategy,” said Shyam P. Kambeyanda, President and Chief Executive Officer of ESAB Corporation. “This increase underscores our ongoing commitment to returning value to our stockholders while continuing to invest for long-term growth.”

About ESAB Corporation

Founded in 1904, ESAB Corporation (NYSE: ESAB) is a focused premier industrial compounder. The Company’s rich history of innovative products, workflow solutions and business system, EBXai, enables its purpose of Shaping the world we imagineTM. ESAB Corporation is based in North Bethesda, Maryland and employs approximately 10,300 associates and serves customers in approximately 150 countries. To learn more, visit www.ESABcorporation.com.

COLUMBIA, S.C.--(BUSINESS WIRE)--The South Carolina Supreme Court has issued a major decision in Tibbs v. Asbestos Corp. Limited, allowing continuation of claims seeking to hold Cape Intermediate Holdings Limited liable for sales of raw asbestos. This holding clears the way for the continuation of a trial whereby the court-appointed receiver is seeking to hold ESAB Corp. (NYSE: ESAB) responsible for asbestos liabilities through veil-piercing theories tied to Cape Intermediate Holdings. “Cape As.