ESAB Corp (ESAB) is the subject of an amended ownership report by T. Rowe Price Investment Management, Inc., which lists 3,876,100 common shares, or 6.2%, as beneficially owned as of September 30, 2026. The reporting person expressly denied being the beneficial owner. It reported sole voting power over 3,864,479 shares and sole dispositive power over 3,876,100 shares, with no shared voting or dispositive power. The amendment was signed by Ellen York, Vice President.
ESAB Corp director Sebastien Martin reported converting 198 restricted stock units into 198 shares of common stock on October 1, 2026. After the transaction, he held 397 restricted stock units and 198 common shares directly. The restricted stock units vest in three equal annual installments beginning October 1, 2026.
ESAB Corp granted Executive Chair of the Board Mitchell P. Rales 892 deferred stock units on September 30, 2026. The report lists 17,324 shares in Rales’s direct position after the grant. As of September 30, 2026, it also lists 3,537,797 shares through a family partnership, with Rales disclaiming beneficial ownership except to the extent of his pecuniary interest, and 155,735 shares held by the Mitchell P. Rales Family Trust, of which he is a trustee.
ESAB Corp director Robert S. Lutz acquired 494 deferred stock units on September 30, 2026, in lieu of his cash retainer for Board service. Each unit represents a contingent right to one ESAB common share. The units vested immediately and will be settled in common stock after the director's separation from the Company.
ESAB Corp director Didier P. Teirlinck acquired 200 deferred stock units on September 30, 2026, in lieu of his cash retainer for Board service. The units vested immediately; each represents a contingent right to receive one ESAB common share and will be settled in common stock after his separation from the company. He held 200 deferred stock units following the acquisition.
T. Rowe Price Associates, Inc. reported beneficial ownership of 8,126,915 shares of ESAB CORP common stock, representing 13.3% of the class. It reports sole voting power over 7,967,956 shares and sole dispositive power over 8,126,915 shares, with no shared voting or dispositive power. T. Rowe Price Associates states that this filing should not be construed as an admission that it is the beneficial owner of these securities.
ESAB Corp director Rhonda L. Jordan reported an option exercise and related share sale. On 2026-08-07 she exercised 1,000 stock options at $33.33 per share, acquiring 1,000 common shares, and sold 1,000 common shares at $95.00 per share. Following the option exercise, she held 3,733 options directly. The filing also reports indirect holdings of common stock by family trusts and a spouse, with beneficial ownership disclaimed except to the extent of her pecuniary interest.
ESAB Corporation filed Amendment No. 1 to a prior report related to its June 1, 2026 acquisition of Eddyfi Holding Inc. The amendment supplies Eddyfi’s audited consolidated IFRS financial statements as of and for the year ended December 31, 2025, unaudited interim statements as of March 31, 2026, an auditor consent, and unaudited pro forma condensed combined financial information for ESAB and Eddyfi. The pro forma data are described as illustrative only and not a projection of future results.
For 2025, Eddyfi reported revenues of 238,833 (thousands of US dollars), gross profit of 134,416, profit from operating activities of 39,400, net finance costs of 48,477, a loss before income taxes of 9,077 and a net loss from continuing operations of 6,804. A June 4, 2025 sale of its NDT Global inspection services business, classified as discontinued operations, generated total consideration of 1,163,780, a gain on sale of 734,194 and net income from discontinued operations of 743,305, leading to net income of 736,501.
At December 31, 2025, Eddyfi showed total assets of 735,681, including goodwill of 346,345 and intangible assets of 189,675, against total liabilities of 471,783, with long-term debt of 308,749 and finance lease liabilities of 37,287, and shareholders’ equity of 263,898. KPMG issued a qualified opinion on Eddyfi’s 2025 statements solely because they omit comparative figures, a departure from IAS 1; otherwise they are stated to present fairly in all material respects under IFRS.
ESAB Corporation reported higher net sales but lower profitability for the quarter ended July 3, 2026. Net sales rose to $807.6 million from $715.6 million a year earlier, while net income attributable to common stockholders fell to $31.0 million from $66.9 million, with diluted EPS declining to $0.50 from $1.09. The decline reflects higher selling, general and administrative expense, significantly increased restructuring charges, and acquisition-related amortization and transaction costs.
On June 1, 2026 ESAB completed the approximately $1.5 billion acquisition of Eddyfi Holding Inc., adding $21.4 million of net sales in the quarter. The deal was financed with cash, a new $1.0 billion 5.625% senior notes issuance, additional revolver borrowings, and private placements of $175.0 million of 6.50% mandatory convertible preferred stock and $143 million of common stock. Total debt increased to $2.42 billion from $1.24 billion, while operating cash flow for the first half was $80.3 million. ESAB also highlights exposures including Russia, which represented about 5% of net sales and holds roughly $50 million of cash, and long‑term asbestos-related liabilities of $298.9 million offset by substantial insurance assets.