ESAB (ESAB) Q2 2026 Earnings
Core adjusted EPS excludes restructuring charges of $18.3 million, acquisition-amortization and related charges of $41.3 million, performance option awards compensation of $0.7 million, discrete tax adjustments of $3.8 million, MCPS dividends of $1.4 million, and removes Russia impact of $(0.02) per share
How Did ESAB Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: −0.34%.
Did ESAB Beat Earnings? Q2 2026 Results
No. ESAB reported Q2 2026 earnings of $1.33 a share on Aug 6, 2026, missing the $1.37 consensus estimate by 2.9%. Revenue was $807.6M.
ESAB Corporation delivered a mixed second quarter for fiscal 2026, posting adjusted core EPS of $1.33 and missing the $1.37 consensus estimate by 2.92%, even as revenue climbed 12.9% year-over-year to $807.63 million. The headline EPS shortfall was largely a product of the company's own making: the accelerated close of the Eddyfi Technologies acquisition, which came in one month ahead of schedule, dragged on per-share results through $41.30 million in acquisition-related charges and sharply higher interest expense of $30.62 million tied to $1.00 billion in senior notes and $175.00 million in mandatory convertible preferred stock raised to fund the deal. Organic momentum was real but modest, with core organic sales growing 2.5% and the Americas segment contributing 4.9% organic growth. Despite the EPS miss, ESAB raised its full-year core sales growth outlook to 11.0%-14.0% from 6.0%-9.0% and lifted its core adjusted EBITDA guidance to $615.00 million-$625.00 million, while trimming full-year core adjusted EPS guidance to $5.40-$5.50, reflecting the financing dilution investors had broadly anticipated.
- Core organic sales growth of 2.5% driven by both Americas (4.9%) and EMEA & APAC (0.9%)
- Acquisition contributions of 7.8% to total sales growth, primarily from Eddyfi Technologies
- Particular strength in North America and Asia markets
- Resilient European performance offsetting challenging Middle East environment
- Foreign currency translation contributed 2.6% to total sales 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.”
ESAB CEO, on the earnings call
What Is ESAB's Outlook?
ESAB updated its full-year 2026 outlook, raising total core sales growth to 11.0%-14.0% (from 6.0%-9.0%), with core organic sales growth unchanged at 2.0%-4.0%, M&A contribution revised upward to approximately 9.0% (from 4.0%), and FX impact unchanged at 0.0%-1.0%. Core adjusted EBITDA guidance raised to $615 million-$625 million (from $575 million-$595 million). Core adjusted EPS outlook adjusted to $5.40-$5.50 (from $5.70-$5.90), reflecting acquisition financing dilution. 2025 core net sales base of $2,700.4 million, 2025 core adjusted EBITDA of $540.0 million, and 2025 core adjusted EPS of $5.27.
ESAB YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $807.6M | $715.6M | +12.9% |
| Gross Profit | $307.2M | $266.1M | +15.5% |
| Operating Income | $78.7M | $109.1M | −27.8% |
| Net Income | $32.4M | $66.9M | −51.6% |
ESAB Revenue by Segment
ESAB Revenue by Geography
When Does ESAB Report Next?
Figures from SEC filings and company reports. Not investment advice.