Q2 26 EPS Adjusted
$1.33
MISS 2.92%
Est. $1.37
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
Q2 26 Revenue
$807.6M
Market Reaction
Did ESAB Beat Earnings? Q2 2026 Results
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 l… Read more 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.
Key Takeaways
- • 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 Forward Guidance & 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
Q2 2026 vs Q2 2025, source: SEC Filings
ESAB Revenue by Segment
With YoY comparisons, source: SEC Filings
ESAB Revenue by Geography
With YoY comparisons, source: SEC Filings
“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.”
— Shyam P. Kambeyanda, Q2 2026 Earnings Press Release
ESAB Earnings Trends
ESAB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ESAB EPS Trend
Earnings per share: estimate vs actual
ESAB Revenue Trend
Quarterly revenue: estimate vs actual
ESAB Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS 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 | $1.37 | $1.33 | -2.92% | $807.6M | — |
| Q1 26 MISS | $1.34 | $1.31 | -1.90% | $745.6M | +5.99% |
| Q4 25 BEAT FY | $1.34 | $1.35 | +0.66% | $721.0M | +4.82% |
| FY Full Year | — | $5.27 | — | $2.84B | — |
| Q3 25 BEAT | $1.27 | $1.32 | +3.71% | $727.8M | +9.44% |
| Q2 25 BEAT | $1.35 | $1.36 | +1.03% | $715.6M | +5.99% |
| Q1 25 BEAT | $1.21 | $1.25 | +3.65% | $678.1M | +6.99% |