ESAB
ESAB Corporation114.39
-1.06-0.92%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
6.94BP/E (TTM)
25.59Basic EPS (TTM)
4.47Dividend Yield
0%Recent Filings
8-K
ESAB adds AI expert to board
ESAB appointed Dr. Sébastien Martin, Kellogg operations professor and AI expert, to its board effective January 1, 2026, expanding from nine to ten members and adding him to the Audit Committee. Martin, a prior AI advisor since February 2025, brings optimization know-how from Lyft and academia. Director Patrick Allender retires at the 2026 annual meeting, with no disagreements. Leadership refresh eyes AI-driven efficiency.
8-K
ESAB refinances $1.4B facilities
ESAB refinanced its credit facilities on October 16, 2025, with a $350M term loan A and $1.05B revolving line—both maturing October 16, 2030—replacing the prior $400M term and $750M revolver. Proceeds repaid existing debt and support working capital. ESAB locks in SOFR-based rates starting at 1.25% over; covenants cap leverage at 3.50x with acquisition relief to 4.00x. Debt stays flexible.
10-Q
Q2 FY2025 results
ESAB posted Q2 sales of $715.6M, up 1.2% y/y yet flat q/q (derived), driven by EMEA & APAC strength while Americas softened on tariff uncertainty. Gross margin slipped to 37.2% from 38.2% y/y amid higher material costs, operating income fell 8.6% y/y to $109.1M, and diluted EPS from continuing ops dropped to $1.12 from $1.37—reconciles to 61.3M shares. Acquisitions fueled growth: Bavaria closed Apr 2025 for $68M (net), recognizing $40M goodwill and $26M intangibles; DeltaP closed Jun 2025 for $16M (net). Cash hit $258.2M with $750M revolver available, total debt steady at $1.09B (5.52% weighted rate). Acquisitions accelerate. Russia exposure lingers.
8-K
Q2 margins hit record
ESAB posted Q2 sales of $716M, up 1% reported but down 1% core organic, with record core adjusted EBITDA margin of 20.4%, up 30bps. Acquisitions of DeltaP and Aktiv closed while EWM signed, fueling raised 2025 guidance to 1.5-3.5% core sales growth and $525-535M core adjusted EBITDA. Margins impress.
8-K
ESAB acquires EWM for €275M
ESAB signed a definitive agreement on June 26, 2025, to acquire EWM GmbH for €275 million, funded by cash on hand, with closure expected in H2 2025 pending approvals. EWM projects €120 million revenue in 2025, aEPS accretive in year one, high-single-digit growth, and >45% gross margins via EBX deployment. Acquisition fills heavy industrial equipment gaps. Net leverage stays at 2.0x.
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