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Recent Updates — ESAB

August 6, 2026View Source ↗

ESAB Corporation filed an amendment to its Current Report on Form 8-K to include audited consolidated financial statements and related auditor consent for Eddyfi Holding Inc. as of and for the year ended December 31, 2025, along with unaudited interim condensed consolidated financial statements for the period ended March 31, 2026. The filing also includes pro forma financial information required by Item 9.01 in connection with ESAB's acquisition of Eddyfi, which was completed on June 1, 2026. KPMG issued a qualified opinion on Eddyfi’s 2025 audited statements due to the omission of comparative figures, a departure from IFRS standards. The unaudited pro forma information is presented for informational purposes only and does not project future results. ESAB Corporation operates in the industrial technology sector, providing welding and cutting equipment and services.

August 6, 2026View Source ↗

ESAB Corporation reported record second quarter 2026 sales of $808 million, a 12.9% increase on a reported basis and 2.5% core organic growth compared to the prior year. Net income from continuing operations attributable to ESAB was $35 million ($0.54 diluted EPS), while core adjusted net income was $83 million ($1.33 diluted EPS). Core adjusted EBITDA rose 8.0% to $150 million with a margin of 19.5%. The company closed its acquisition of Eddyfi one month ahead of schedule and raised its full-year 2026 outlook, projecting core sales growth of 11.0% to 14.0% and core adjusted EBITDA of $615 million to $625 million. ESAB Corporation is a focused industrial compounder providing welding, cutting, and allied products and services.

June 12, 2026View Source ↗

On June 10, 2026, ESAB Corporation appointed Mitchell P. Rales as Executive Chair of the Board and Rhonda Jordan as Lead Independent Director. The company granted performance-based stock option awards to Mr. Rales (1,200,000 shares), CEO Shyam P. Kambeyanda (580,552 shares), and other senior management. These options have an exercise price of $82.92 and a seven-year term. Vesting is tied to three stock price hurdles: $140, $170, and $200, each representing one-third of the award, with service requirements spanning four to six years. The grants are intended to retain key leadership following the acquisition of Eddyfi. ESAB operates in the industrial sector, providing welding and cutting equipment and consumables.

June 2, 2026View Source ↗

ESAB Corporation completed the acquisition of Eddyfi Holding Inc. for $1.45 billion in cash. Concurrently, the company completed private placements of 175,000 shares of 6.50% Series A Mandatory Convertible Preferred Stock for approximately $175.0 million and 1,254,255 shares of common stock for approximately $143.0 million.