Quarterly ResultMay 7, 2026, 06:37 AM
ESAB Q1 Sales Up 10% to $746M; Core Adj. EPS $1.31; Reiterates 2026 Outlook
AI Summary
ESAB Corporation reported record first quarter 2026 sales of $746 million, a 10% increase, though core organic sales decreased by 1%. Core adjusted diluted earnings per share rose 5% year-over-year to $1.31, and core adjusted EBITDA increased 6% to $136 million. The company highlighted strong performance from recent acquisitions EWM and Aktiv, confirmed the Eddyfi acquisition is on track to close mid-year, and reiterated its full-year 2026 financial outlook. Brent Jones was also welcomed as the new CFO.
Key Highlights
- Record total sales increased 10% to $746 million.
- Core organic sales decreased 1% year-over-year.
- Core adjusted diluted EPS increased 5% to $1.31.
- Core adjusted EBITDA rose 6% to $136 million.
- EWM and Aktiv acquisitions are outperforming with double-digit growth.
- Eddyfi acquisition expected to close mid-year 2026.
- Reiterated full-year 2026 core adjusted EBITDA outlook of $575M-$595M.
- Reiterated full-year 2026 core adjusted EPS outlook of $5.70-$5.90.