Q1 26 EPS
$1.31
MISS 1.90%
Est. $1.34
Q1 26 Revenue
$745.6M
BEAT +5.99%
Est. $703.4M
vs S&P Since Q1 26
-15.2%
TRAILING MARKET
ESAB -12.1% vs S&P +3.1%
Market Reaction
Did ESAB Beat Earnings? Q1 2026 Results
ESAB Corp delivered a mixed first quarter for 2026, posting record sales of $745.60 million that topped the $703.45 million consensus by 5.99% and grew 9.9% year-over-year, while adjusted EPS of $1.31 came in just shy of the $1.34 estimate, missing b… Read more ESAB Corp delivered a mixed first quarter for 2026, posting record sales of $745.60 million that topped the $703.45 million consensus by 5.99% and grew 9.9% year-over-year, while adjusted EPS of $1.31 came in just shy of the $1.34 estimate, missing by 1.90%. The revenue strength was largely acquisition-driven, with recently added businesses EWM and Aktiv contributing meaningfully alongside a 5.5% currency tailwind, even as core organic sales slipped 1% on the period. On the bottom line, GAAP net income from continuing operations fell to $50.20 million, pressured by sharply higher acquisition-related costs of $27.60 million and rising interest expense of $25.58 million tied in part to the $1.00 billion Senior Notes raised to pre-fund the pending $1.45 billion Eddyfi Technologies acquisition. Core adjusted EBITDA rose 6% to $135.90 million, though margin compressed 80 basis points to 19.0%. Management reaffirmed full-year 2026 guidance for core adjusted EPS of $5.70 to $5.90 and core adjusted EBITDA of $575 million to $595 million, excluding Eddyfi, which is expected to close mid-year.
Key Takeaways
- • Acquisitions (EWM and Aktiv) contributing 6.3% to total sales growth and growing double-digits
- • Favorable foreign currency translation contributing 5.5% to total sales growth
- • U.S. business accelerating behind new product launches
- • Pricing and operational actions to offset input cost pressures from Middle East conflict
- • Core organic sales declined 1% due to softness in Europe and Asia
ESAB Forward Guidance & Outlook
ESAB reiterated its full-year 2026 outlook: total core sales growth of 6.0% to 9.0% (core organic sales growth of 2.0% to 4.0%, M&A contribution of ~4.0%, FX impact of 0.0% to 1.0%), core adjusted EBITDA of $575 million to $595 million, and core adjusted EPS of $5.70 to $5.90. This guidance excludes any impact from the pending Eddyfi acquisition or its related financing. 2025 core net sales were $2,700.4 million, 2025 core adjusted EBITDA was $540.0 million, and 2025 core adjusted EPS was $5.27.
ESAB YoY Financials
Q1 2026 vs Q1 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 strong first quarter, a powerful demonstration of the resilience of our business model and the strength of our unmatched global footprint. The Americas remained solid, with the U.S. accelerating behind our new and innovative product launches, while Europe and Asia performed in line with expectations. The Middle East saw limited disruption following the start of the conflict, and most importantly, our teams are safe and continuing to serve customers with the agility that defines ESAB. Where the conflict has pressured global supply chains and input costs, we have moved decisively to implement pricing and operational actions that we expect to fully offset the impact.”
— Shyam P. Kambeyanda, Q1 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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| 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% |