ESAB Corp

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.

ESAB Corporation announced record second quarter 2026 results, with total sales increasing 12.9% to $808 million and core organic sales up 2.5%. Core adjusted EBITDA grew 8.0% to $150 million, though core adjusted diluted EPS decreased 1% year-over-year to $1.33. The company also successfully closed its acquisition of Eddyfi ahead of schedule and updated its full-year 2026 outlook, raising total core sales growth and core adjusted EBITDA forecasts, but adjusting its core adjusted EPS outlook downwards.

ESAB Corporation announced the appointment of Mitchell P. Rales as Executive Chair of the Board, effective June 10, 2026. Concurrently, the company granted performance-based stock option awards to Mr. Rales, CEO Shyam P. Kambeyanda, and other senior management. These awards are designed to retain key leadership and incentivize them to drive ESAB's business transformation and achieve long-term stockholder value over the next six years, building on their proven partnership and recent strategic moves like the Eddyfi acquisition.

ESAB Corporation announced the completion of its acquisition of Eddyfi Holding Inc. for $1.45 billion in cash, subject to customary adjustments. The acquisition was financed using existing cash, proceeds from a recent senior notes offering, and private placements of Series A Mandatory Convertible Preferred Stock and Common Stock. The company also detailed the terms of its Series A Mandatory Convertible Preferred Stock, which will mandatorily convert into common stock in approximately three years. ESAB expects the addition of Eddyfi to accelerate its growth and enhance its workflow solutions.

ESAB Corporation announced an agreement to acquire Eddyfi Technologies for approximately $1.45 billion, expected to close in mid-2026. This acquisition will be funded through a combination of cash, debt, and approximately $318 million in equity, including the issuance of $175 million in mandatory convertible preferred stock and $143 million in common stock. For the first quarter of 2026, ESAB reported a 10% increase in net sales to $745.6 million, but net income attributable to the company decreased by 29% to $47.6 million, with diluted EPS from continuing operations falling to $0.82.

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.