ESAB Corporation reported a record second quarter for 2026, with total sales of $808 million, up 12.9% and core organic sales up 2.5% versus a year earlier. Net income from continuing operations attributable to ESAB was $35 million, or $0.54 diluted EPS, while core adjusted net income was $83 million, or $1.33 per diluted share, down 1% year over year. Core adjusted EBITDA rose 8.0% to $150 million, with a margin of 19.5%.
The company closed its Eddyfi acquisition one month ahead of schedule and significantly increased leverage, with long-term debt of $2,391,350 thousand at July 3, 2026. Management raised its 2026 core net sales growth outlook to 11.0%–14.0% (from 6.0%–9.0%) and its core adjusted EBITDA range to $615–$625 million, but lowered core adjusted EPS guidance to $5.40–$5.50 from $5.70–$5.90 as it integrates Eddyfi and continues to focus on organic growth, margins and deleveraging.
Vanguard Capital Management LLC, together with certain affiliates, reports beneficial ownership of Esab Corp common stock on a Schedule 13G. Vanguard lists 3,051,585 shares as beneficially owned, representing 5.01% of the class. It holds sole voting power over 442,088 shares and sole dispositive power over all 3,051,585 shares, with no shared voting or dispositive power.
The filing explains that this position includes securities held by Vanguard funds and managed accounts over which Vanguard Capital Management LLC or specified affiliates exercise voting and/or dispositive power, and excludes positions held by other disaggregated Vanguard affiliates. Vanguard and related investment vehicles have the right to receive dividends and sale proceeds, and no other single person has an interest in more than 5% of the class through these holdings.
Bhagwakar Ranjana N reported acquisition or exercise transactions in this Form 4 filing.
ESAB Corp reported that EVP, Business Operations Ranjana N. Bhagwakar received a grant of 15,777 restricted stock units on July 15, 2026. Each unit represents a contingent right to one ESAB common share and vests in three equal annual installments, leaving 15,777 units directly held.
ESAB Corp EVP of Business Operations Ranjana N. Bhagwakar received new equity awards as part of compensation. On July 1, 2026, she was granted a performance stock option covering 58,056 shares of common stock at an exercise price of $93.69 per share, expiring on June 30, 2033. Vesting of this award occurs in three tranches based on ESAB’s performance over a four-year period starting on the second anniversary of the grant date, and requires continued service through specified anniversaries and performance certification. She also received employee stock options for 7,056 shares at an exercise price of $93.69, vesting in three equal annual installments beginning on the first anniversary of the grant date and expiring on July 1, 2029. In addition, she was granted 9,048 restricted stock units, each representing one share of common stock, which vest in three equal annual installments starting on the first anniversary of the grant date.
ESAB Corp executive Ranjana N. Bhagwakar has filed an initial Form 3 as an officer of the company. The filing lists her role as EVP, Business Operations, and confirms she is not a ten percent owner. This Form 3 does not report any share purchases, sales, or other transactions, and no current holdings are detailed in the excerpt provided.
RALES MITCHELL P reported acquisition or exercise transactions in this Form 4 filing.
ESAB Corp Executive Chair Mitchell P. Rales received a grant of 596 deferred stock units (DSUs) on June 30, 2026. These DSUs are payable solely in common stock and will be settled in shares at the earlier of his death or January 31 of the second calendar year after he retires from the Board. Following this grant, he directly holds 16,432 shares of ESAB common stock, with additional indirect holdings reported through a family trust, custodial accounts for his daughters, and a family partnership, some of which he disclaims beneficial ownership except for his pecuniary interest.
LUTZ ROBERT S reported acquisition or exercise transactions in this Form 4 filing.
ESAB Corp director Robert S. Lutz received a grant of 330 deferred stock units as compensation for Board service. Each unit represents a contingent right to receive one share of ESAB common stock. The units were issued in lieu of his cash retainer, vest immediately, and will be settled in ESAB common stock after he separates from the company.
Teirlinck Didier P reported acquisition or exercise transactions in this Form 4 filing.
ESAB Corp director Didier P. Teirlinck received a grant of 134 deferred stock units for Board service. These units were issued in lieu of his cash retainer, with each unit representing a contingent right to one share of ESAB common stock.
The deferred stock units vest immediately, meaning the director’s right to them is fully earned on the grant date. They will be settled in ESAB common stock after his separation from the company. Following this grant, Teirlinck holds 134 deferred stock units directly.
ESAB Corporation is registering 1,254,255 shares of common stock for resale by selling stockholders under a prospectus supplement dated June 26, 2026. The company states it is not selling any shares and will receive no proceeds from these resales.
The shares were acquired in a private placement pursuant to a Purchase Agreement dated February 2, 2026 and are held in funds or accounts advised or subadvised by T. Rowe Price. Percentage ownership calculations are based on 60,881,712 shares outstanding as of April 28, 2026. The prospectus supplement cites a closing NYSE price of $96.62 per share on June 23, 2026.