AcquisitionsAug 6, 2026, 06:37 AM
ESAB Acquires Eddyfi for $1.5B; Q2 Net Sales Up 12.9%
AI Summary
ESAB Corp completed the acquisition of Eddyfi Holding Inc., a global leader in advanced inspection and monitoring technologies, for approximately $1.5 billion on June 1, 2026. This acquisition was financed through cash on hand, $1.0 billion in new senior notes, and proceeds from preferred and common stock issuances. For the second quarter ended July 3, 2026, ESAB reported net sales of $807.6 million, a 12.9% increase year-over-year, but net income attributable to ESAB Corporation decreased to $32.4 million from $66.9 million in the prior year, partly due to higher restructuring charges and acquisition-related costs.
Key Highlights
- Acquired Eddyfi Holding Inc. for approximately $1.5 billion on June 1, 2026.
- Issued $1.0 billion in 5.625% senior notes due 2031 to finance the acquisition.
- Q2 2026 Net Sales increased 12.9% to $807.6 million from $715.6 million YoY.
- Q2 2026 Net Income attributable to ESAB Corp decreased to $32.4 million from $66.9 million YoY.
- Q2 2026 Diluted EPS was $0.50, down from $1.09 in the prior year.
- Restructuring and other charges significantly increased to $18.3 million from $1.4 million YoY.
- Total debt rose to $2.42 billion as of July 3, 2026, from $1.24 billion at year-end 2025.
- Eddyfi contributed $21.4 million to Net sales for the three months ended July 3, 2026.
Price Impact
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