ESAB Corp

ESAB Corporation posted a solid second-quarter beat on both the top and bottom lines, with adjusted EPS of $1.36 edging past the $1.35 consensus estimate by 1.03% and revenue of $715.59 million clearing expectations by 5.99% while rising 1.2% year over year. The standout driver behind the quarter was a record core adjusted EBITDA margin of 20.4%, expanding 30 basis points versus the prior year, a testament to the company's EBX operating system holding firm even as the Americas segment absorbed an 8.7% sales decline tied to tariff-related demand pressure. That weakness was offset by EMEA and APAC, where sales climbed 9.0% to $432.90 million on a combination of organic growth, acquisition contributions, and favorable currency tailwinds. Active on the M&A front, ESAB completed two acquisitions during the quarter and signed an agreement to acquire Germany's EWM GmbH, reinforcing its compounder strategy. Management lifted full-year 2025 core adjusted EPS guidance to $5.15 to $5.30 and raised core adjusted EBITDA guidance to $525 to $535 million, citing improved foreign exchange assumptions and higher acquisition contributions.