Management said margins were impacted by transitory price/cost neutrality, higher logistics and commodity costs, and equipment growth investments; Eddyfi closed ahead of schedule.
ESAB lifted its FY 2026 outlook including Eddyfi to sales of $3.00-$3.10 billion and adjusted EBITDA (non-GAAP) of $615-$625 million.
Second-quarter results
ESAB posted 2Q 2026 total sales of $766 million, up 13% year over year, while core adjusted EPS (non-GAAP) edged down to $1.33 from $1.36.
Core adjusted EBITDA (non-GAAP) rose 8% to $150 million, though the margin narrowed 0.9 percentage points to 19.5%.
Net income from continuing operations fell to $36.4 million from $69.8 million, while adjusted net income (non-GAAP) slipped to $84.1 million from $86.3 million.
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