Announcement • Jun 12
ESAB Corporation Announces Board Appointments, Effective June 10, 2026 On June 10, 2026, ESAB Corporation appointed Mitchell P. Rales as Executive Chair of the Board of Directors, effective as of June 10, 2026. As Executive Chair, Mr. Rales will remain Chairman of the Board and continue working with Mr. Kambeyanda on ESAB’s ongoing growth, building on the partnership they have established to continue the Company’s transformation. Mr. Rales has been instrumental in the Company's growth and evolution since he joined the Board and was appointed Chairman in April 2022. The Board also appointed Rhonda Jordan as Lead Independent Director of the Board, effective as of June 10, 2026. The Lead Independent Director will coordinate the activities of the independent directors, serve as liaison between the independent directors and the Executive Chair of the Board, serve as chair of executive sessions of the independent directors, and have such additional responsibilities as in the Company's Corporate Governance Guidelines. Announcement • Jun 03
ESAB Corporation announced that it has received $317.98507 million in funding On June 1, 2026, ESAB Corporation has closed the transaction. The preferred shares are convertible into common shares of the company at a conversion rate of Minimum 7.1806 and number of shares 1,256,605 and Maximum 8.2576 and number of shares 1,445,080. The Series A Mandatory Convertible Preferred Stock does not have a maturity date but will mandatorily convert into shares of the Company’s Common Stock on the mandatory conversion date, approximately three years after the initial issue date. Cumulative cash dividends on the Series A Mandatory Convertible Preferred Stock will be payable at a rate of 6.50% per annum (equivalent to $65.00 per annum per share), quarterly in arrears, when, as and if declared by the Company’s board of directors. Announcement • Jun 02
ESAB Corporation (NYSE:ESAB) completed the acquisition of Eddyfi Technologies from Novacap Management Inc., CDP Investissements Inc., INVESTISSEMENTS FLORIAN HARDY INC., PLACEMENTS MSR INC, 3ALPHA CAPITAL INC and others. ESAB Corporation (NYSE:ESAB) agreed to acquire Eddyfi Technologies from Novacap Management Inc., CDP Investissements Inc., INVESTISSEMENTS FLORIAN HARDY INC., PLACEMENTS MSR INC, 3ALPHA CAPITAL INC and others for $1.4 billion on January 31, 2026. A cash consideration of $1.45 billion will be paid by ESAB Corporation. As part of consideration, $1.45 billion is paid towards common equity of Eddyfi Technologies. The acquisition is expected to be funded with a combination of cash on hand, debt and $318 million of fully committed equity, The Company has obtained a commitment for a $1.0 billion 364-day senior unsecured bridge term loan credit facility from JPMorgan Chase Bank, N.A., which will be available to fund the cash consideration for the Acquisition and related fees and expenses. In case of termination of transaction, ESAB Corporation will pay a termination fee of $50.75 million.
As part of the transaction, ESAB has made firm commitments to maintain Eddyfi’s workforce and head office in Quebec City.
The transaction is subject to approval by regulatory board / committee and subject to antitrust regulations. The transaction is expected to close in mid-2026.
Bennett Jones LLP acted as legal advisor for ESAB Corporation. Fasken Martineau DuMoulin LLP acted as legal advisor for CDP Investissements Inc. Blake, Cassels & Graydon LLP acted as legal advisor for Novacap Management Inc. McCarthy Tétrault LLP acted as legal advisor for Eddyfi Technologies. Ryan Bloom, Pim Kraaijeveld, Peter Magnone, Aqeel Shaukat, Arwen Ma of EC M&A acted as financial advisors for Eddyfi Technologies. Goldman Sachs Canada, Inc. acted as a financial advisor for Eddyfi Technologies.
ESAB Corporation (NYSE:ESAB) completed the acquisition of Eddyfi Technologies from Novacap Management Inc., CDP Investissements Inc., INVESTISSEMENTS FLORIAN HARDY INC., PLACEMENTS MSR INC, 3ALPHA CAPITAL INC and others on June 2, 2026. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Director Sebastien Martin was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 11
ESAB Corporation Increases Quarterly Cash Dividend, Payable on July 17, 2026 ESAB Corporation announced that its Board of Directors has declared an increased quarterly cash dividend of $0.12 per share of the Company’s common stock. The dividend is payable on July 17, 2026 to shareholders of record as of July 3, 2026. Announcement • Apr 10
ESAB Corporation to Report Q1, 2026 Results on May 07, 2026 ESAB Corporation announced that they will report Q1, 2026 results on May 07, 2026 Announcement • Mar 30
ESAB Corporation, Annual General Meeting, May 08, 2026 ESAB Corporation, Annual General Meeting, May 08, 2026. Announcement • Feb 27
ESAB Corporation Declares Quarterly Cash Dividend, Payable on April 17, 2026 ESAB Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the company’s common stock. The dividend is payable on April 17, 2026 to shareholders of record as of April 2, 2026. Announcement • Feb 02
ESAB Corporation (NYSE:ESAB) agreed to acquire Eddyfi Technologies from Novacap Management Inc., CDP Investissements Inc., INVESTISSEMENTS FLORIAN HARDY INC., PLACEMENTS MSR INC, 3ALPHA CAPITAL INC. and others for $1.4 billion. ESAB Corporation (NYSE:ESAB) agreed to acquire Eddyfi Technologies from Novacap Management Inc., CDP Investissements Inc., INVESTISSEMENTS FLORIAN HARDY INC., PLACEMENTS MSR INC, 3ALPHA CAPITAL INC and others for $1.4 billion on January 31, 2026. A cash consideration of $1.45 billion will be paid by ESAB Corporation. As part of consideration, $1.45 billion is paid towards common equity of Eddyfi Technologies.
The acquisition is expected to be funded with a combination of cash on hand, debt and $318 million of fully committed equity, The Company has obtained a commitment for a $1.0 billion 364-day senior unsecured bridge term loan credit facility from JPMorgan Chase Bank, N.A., which will be available to fund the cash consideration for the Acquisition and related fees and expenses.
In case of termination of transaction, ESAB Corporation will pay a termination fee of $50.75 million.
As part of the transaction, ESAB has made firm commitments to maintain Eddyfi’s workforce and head office in Quebec City.
The transaction is subject to approval by regulatory board / committee and subject to antitrust regulations. The transaction is expected to close in mid-2026.
Bennett Jones LLP acted as legal advisor for ESAB Corporation. Fasken Martineau DuMoulin LLP acted as legal advisor for CDP Investissements Inc. Blake, Cassels & Graydon LLP acted as legal advisor for Novacap Management Inc. McCarthy Tétrault LLP acted as legal advisor for Eddyfi Technologies. Ryan Bloom, Pim Kraaijeveld, Peter Magnone, Aqeel Shaukat, Arwen Ma of EC M&A acted as financial advisors for Eddyfi Technologies. Announcement • Oct 29
ESAB Corporation Raises Earnings Guidance for the Year 2025 ESAB Corporation raised earnings guidance for the year 2025. For the year, the company raises its outlook for total core sales growth of 4.5% to 5.5%, core organic sales growth of 1.0% from its prior outlook of total core sales growth of 1.5% to 3.5%, core organic sales growth of 0.0% to 2.0%. Announcement • Oct 09
ESAB Corporation to Report Q3, 2025 Results on Oct 29, 2025 ESAB Corporation announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Sep 12
ESAB Corporation Board Declares Quarterly Dividend, Payable on October 17, 2025 ESAB Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock. The dividend is payable on October 17, 2025 to shareholders of record as of October 3, 2025. Announcement • Aug 06
ESAB Corporation Raises Earnings Guidance for the Year 2025 ESAB Corporation raised earnings guidance for the year 2025. For the year, company now expected total core sales growth of 1.5% to 3.5%, core organic sales growth of 0.0% to 2.0%, M&A of ~2.5% and FX of ~(1.0)% from its prior outlook of total core sales growth of (1.0)% to 1.5%, core organic sales growth of 0.0% to 2.0%, M&A of 2.0%-2.5% and FX of ~(3.0)%. Announcement • Jul 10
ESAB Corporation to Report Q2, 2025 Results on Aug 06, 2025 ESAB Corporation announced that they will report Q2, 2025 results on Aug 06, 2025 Announcement • Jun 26
ESAB Corporation (NYSE:ESAB) agreed to acquire Ewm-Gmbh Elektrowerkstätten for approximately €280 million ESAB Corporation (NYSE:ESAB) agreed to acquire Ewm-Gmbh Elektrowerkstätten for approximately €280 million on June 26, 2025. A cash consideration of €275 million will be paid by ESAB Corporation. As part of consideration, €275 million is paid towards common equity of Ewm-Gmbh Elektrowerkstätten.
The acquisition will be funded through cash on hand. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is in the second half of 2025. Announcement • May 09
ESAB Corporation Declares Quarterly Cash Dividend, Payable on July 18, 2025 ESAB Corporation announced that its Board of Directors has declared an increased quarterly cash dividend of $0.10 per share of the Company’s common stock. The dividend is payable on July 18, 2025 to shareholders of record as of July 3, 2025. Announcement • May 01
ESAB Corporation Raises Earnings Guidance for the Full Year 2025 ESAB Corporation raised earnings guidance for the full year 2025. For the period, the company raises its full year 2025 outlook for total core sales growth of (1.0)% to 1.5%, core organic sales growth of 0.0% to 2.0%, M&A of 2.0% to 2.5% and FX of ~(3.0)% from its prior outlook of total core sales growth of (2.0)% to 0.0%, core organic sales growth of 0.0% to 2.0%, M&A of ~1.5% and FX of ~(3.5)%. Announcement • Apr 10
ESAB Corporation to Report Q1, 2025 Results on May 01, 2025 ESAB Corporation announced that they will report Q1, 2025 results on May 01, 2025 Announcement • Mar 31
ESAB Corporation, Annual General Meeting, May 08, 2025 ESAB Corporation, Annual General Meeting, May 08, 2025. Announcement • Feb 28
ESAB Corporation Declares Quarterly Cash Dividend, Payable on April 17, 2025 ESAB Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share of the Company’s common stock. The dividend is payable on April 17, 2025, to shareholders of record as of April 4, 2025. Announcement • Jan 23
ESAB Corporation to Report Q4, 2024 Results on Feb 20, 2025 ESAB Corporation announced that they will report Q4, 2024 results on Feb 20, 2025 Announcement • Dec 18
ESAB Corporation Declares Quarterly Cash Dividend, Payable on January 17, 2025 ESAB Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share of the Company’s common stock. The dividend is payable on January 17, 2025 to shareholders of record as of December 31, 2024. Announcement • Nov 14
159 Plaintiffs Sue Cape, Anglo American, De Beer Group PLC, and ESAB Corp More than 150 plaintiffs have filed suit against Cape, PLC, its subsidiaries and global affiliates including Anglo American, De Beer Group PLC, and ESAB Corp., which imported and distributed carcinogenic asbestos in the United States for decades. The mass action lawsuit alleges that Cape and its subsidiaries are liable for diseases caused by asbestos exposure suffered by residents of the state and beyond. It includes plaintiffs suffering from asbestos-related illnesses, including mesothelioma and lung cancer, as well as the families of those who have died from exposure to the deadly carcinogen. According to the lawsuit, Cape led efforts in the U.S. to hide from consumers and its own employees the risks that it knew existed from the South African asbestos it processed. When asbestos-related lawsuits began surfacing in the 1970s, Cape took measures to shield itself from legal action by creating new entities and then fleeing the U.S. The lawsuit details how Cape set up an elaborate structure of affiliated companies in South Africa, the United Kingdom and the United States to avoid financial responsibility for the harm it knew it was causing. Since those companies and their insurers have failed to respond to lawsuits brought on behalf of those injured or killed by asbestos-related diseases, a South Carolina court has appointed a receiver to respond on their behalf. The case is Augustus A. Adams et al. v Cape PLC et al., No. 2024-CP-40-06639 in the Court of Common Pleas, County of Richland for the Fifth Judicial Circuit. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: US$1.14 (vs US$0.98 in 3Q 2023) Third quarter 2024 results: EPS: US$1.14 (up from US$0.98 in 3Q 2023). Revenue: US$673.3m (down 1.1% from 3Q 2023). Net income: US$69.5m (up 18% from 3Q 2023). Profit margin: 10% (up from 8.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Announcement • Oct 29
ESAB Corporation Updates Earnings Guidance for the Full Year 2024 ESAB Corporation updated earnings guidance for the full year 2024. For the period, Company expects total core sales growth of (1.5)% to (0.5)%, core organic sales growth of 0.0% to 1.0% from prior guidance of total core sales growth of (2.5)% to (0.5)%, core organic sales growth of (1.0)% to 1.0%. Announcement • Oct 07
ESAB Corporation to Report Q3, 2024 Results on Oct 29, 2024 ESAB Corporation announced that they will report Q3, 2024 results on Oct 29, 2024 Declared Dividend • Sep 16
Second quarter dividend of US$0.08 announced Shareholders will receive a dividend of US$0.08. Ex-date: 27th September 2024 Payment date: 11th October 2024 Dividend yield will be 0.3%, which is lower than the industry average of 2.6%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 6%. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: US$1.39 (vs US$1.11 in 2Q 2023) Second quarter 2024 results: EPS: US$1.39 (up from US$1.11 in 2Q 2023). Revenue: US$707.1m (down 1.9% from 2Q 2023). Net income: US$83.7m (up 26% from 2Q 2023). Profit margin: 12% (up from 9.3% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Announcement • Jul 10
ESAB Corporation to Report Q2, 2024 Results on Aug 02, 2024 ESAB Corporation announced that they will report Q2, 2024 results on Aug 02, 2024 Announcement • Jun 01
ESAB Corporation entered into an agreement to acquire Linde Industries Private Limited from Linde Bangladesh Limited (DSE:LINDEBD). ESAB Corporation entered into an agreement to acquire Linde Industries Private Limited from Linde Bangladesh Limited (DSE:LINDEBD) on May 30, 2024. The acquisition is expected to close later this year subject to shareholder approvals and closing conditions. LIPL generated approximately $20 million in sales in 2023. Declared Dividend • May 13
First quarter dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 28th June 2024 Payment date: 12th July 2024 Dividend yield will be 0.2%, which is lower than the industry average of 2.6%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 5%. Announcement • May 11
ESAB Corporation Declares Quarterly Dividend, Payable on July 12, 2024 ESAB Corporation announced that its Board of Directors has declared an increased quarterly cash dividend of $0.08 per share of the Company’s common stock. The dividend represents a 33% increase in the Company’s quarterly cash dividend, from $0.06 per share to $0.08 per share, or to $0.32 per share on an annualized basis. The dividend is payable on July 12, 2024 to stockholders of record as of June 28, 2024. Buy Or Sell Opportunity • May 09
Now 21% undervalued Over the last 90 days, the stock has risen 21% to €98.50. The fair value is estimated to be €124, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last year. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$1.01 (vs US$0.54 in 1Q 2023) First quarter 2024 results: EPS: US$1.01 (up from US$0.54 in 1Q 2023). Revenue: US$689.7m (flat on 1Q 2023). Net income: US$61.3m (up 88% from 1Q 2023). Profit margin: 8.9% (up from 4.8% in 1Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Buy Or Sell Opportunity • Apr 10
Now 21% undervalued Over the last 90 days, the stock has risen 32% to €99.50. The fair value is estimated to be €126, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 4.6%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Apr 05
ESAB Corporation to Report Q1, 2024 Results on May 01, 2024 ESAB Corporation announced that they will report Q1, 2024 results Pre-Market on May 01, 2024 Announcement • Mar 30
ESAB Corporation, Annual General Meeting, May 09, 2024 ESAB Corporation, Annual General Meeting, May 09, 2024, at 15:00 US Eastern Standard Time. Agenda: To elect Mr. Patrick W. Allender and Ms. Rhonda L. Jordan to serve as Class II Directors, each for a two-year term expiring at the 2026 annual meeting of stockholders and until their successors are elected and qualified; ratify the appointment of Ernst & Young LLP as company independent registered public accounting firm for the fiscal year December 31, 2024; to approve the compensation of company named executive officers on an advisory basis (“say-on-pay”); and to consider other matters. Upcoming Dividend • Mar 20
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 02 April 2024. Payout ratio is a comfortable 6.4% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.2%). Recent Insider Transactions • Mar 07
Director recently sold €682k worth of stock On the 1st of March, Christopher Hix sold around 7k shares on-market at roughly €91.36 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.6m more than they bought in the last 12 months. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: US$3.59 (vs US$3.75 in FY 2022) Full year 2023 results: EPS: US$3.59 (down from US$3.75 in FY 2022). Revenue: US$2.77b (up 7.0% from FY 2022). Net income: US$217.6m (down 3.4% from FY 2022). Profit margin: 7.8% (down from 8.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Machinery industry in Germany. Announcement • Feb 29
ESAB Corporation Provides Earnings Guidance for the Year 2024 ESAB Corporation provided earnings guidance for the year 2024. For the year, the company expects total core sales growth of 1.5% to 3.5%. Declared Dividend • Feb 26
Third quarter dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 27th March 2024 Payment date: 2nd April 2024 Dividend yield will be 0.3%, which is lower than the industry average of 2.6%. Payout Ratios Payout ratio: 5%. Cash payout ratio: 6%. Announcement • Feb 23
ESAB Corporation Board Declares Dividend, Payable on April 12, 2024 ESAB Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share of the Company’s common stock. The dividend is payable on April 12, 2024 to shareholders of record as of March 29, 2024. Announcement • Jan 24
ESAB Corporation to Report Q4, 2023 Results on Feb 29, 2024 ESAB Corporation announced that they will report Q4, 2023 results on Feb 29, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of US$0.06 per share at 0.3% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 12 January 2024. Payout ratio is a comfortable 4.7% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.7%). Recent Insider Transactions • Dec 10
Insider recently sold €374k worth of stock On the 7th of December, Michele Campion sold around 5k shares on-market at roughly €75.74 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €824k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €69.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Machinery industry in Germany. Total returns to shareholders of 73% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €94.58 per share. Announcement • Nov 02
ESAB Corporation Revises Earnings Guidance for the Year 2023 ESAB Corporation revised earnings guidance for the year 2023. The company raised its full year 2023 outlook and expects total core sales growth of 6.5% to 7.5%, core organic sales growth of 5.0% to 6.0% up from its prior guidance of total core sales growth of 6.0% to 7.5%, core organic sales growth of 4.0% to 5.5%. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.98 (vs US$0.88 in 3Q 2022) Third quarter 2023 results: EPS: US$0.98 (up from US$0.88 in 3Q 2022). Revenue: US$681.0m (up 9.8% from 3Q 2022). Net income: US$59.3m (up 12% from 3Q 2022). Profit margin: 8.7% (up from 8.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Announcement • Oct 05
ESAB Corporation to Report Q3, 2023 Results on Nov 01, 2023 ESAB Corporation announced that they will report Q3, 2023 results on Nov 01, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of US$0.06 per share at 0.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 6.0% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%). Announcement • Sep 15
ESAB Corporation Declares a Quarterly Cash Dividend, Payable on October 13, 2023 ESAB Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share of the Company’s common stock. The dividend is payable on October 13, 2023 to shareholders of record as of September 29, 2023. Announcement • Aug 03
ESAB Corporation Raises Earning Guidance for the Year 2023 ESAB Corporation raised earning guidance for the year 2023. For the year, the company expects total core sales growth of 6.0% to 7.5% up from prior guidance of total core sales growth of 4.0% to 6.0%. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$1.11 (vs US$0.95 in 2Q 2022) Second quarter 2023 results: EPS: US$1.11 (up from US$0.95 in 2Q 2022). Revenue: US$720.4m (up 9.0% from 2Q 2022). Net income: US$66.7m (up 18% from 2Q 2022). Profit margin: 9.3% (up from 8.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Announcement • Jul 06
ESAB Corporation to Report Q2, 2023 Results on Aug 01, 2023 ESAB Corporation announced that they will report Q2, 2023 results on Aug 01, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of US$0.06 per share at 0.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 6.0% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%). Recent Insider Transactions • Jun 15
Director recently sold €450k worth of stock On the 9th of June, Christopher Hix sold around 8k shares on-market at roughly €59.97 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • May 12
ESAB Corporation Declares a Quarterly Cash Dividend, Payable on July 14, 2023 ESAB Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share of the Company’s common stock. The dividend is payable on July 14, 2023 to shareholders of record as of June 30, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of US$0.05 per share at 0.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 4.0% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%). Reported Earnings • Mar 08
Full year 2022 earnings released Full year 2022 results: EPS: US$3.75. Revenue: US$2.59b (up 6.8% from FY 2021). Net income: US$226.8m (down 3.5% from FY 2021). Profit margin: 8.7% (down from 9.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Announcement • Feb 08
ESAB Corporation to Report Q4, 2022 Results on Mar 07, 2023 ESAB Corporation announced that they will report Q4, 2022 results on Mar 07, 2023 Announcement • Jan 25
ESAB Corporation (NYSE:ESAB) acquired Therapy Equipment Limited from Owner Venture Managers Limited. ESAB Corporation (NYSE:ESAB) acquired Therapy Equipment Limited from Owner Venture Managers Limited on January 24, 2023. Cavendish Corporate Finance LLP acted as financial advisor and Flint Bishop Solicitors acted as legal advisors to Owner Venture Managers Limited and Therapy Equipment Limited. ESAB Corporation (NYSE:ESAB) completed the acquisition of Therapy Equipment Limited from Owner Venture Managers Limited on January 24, 2023. Announcement • Dec 15
ESAB Corporation Declares Dividend, Payable on January 13, 2023 ESAB Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of the Company’s common stock. The dividend is payable on January 13, 2023 to shareholders of record as of December 30, 2022. Announcement • Nov 18
ESAB Corporation has completed a Follow-on Equity Offering in the amount of $240.13724 million. ESAB Corporation has completed a Follow-on Equity Offering in the amount of $240.13724 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 6,003,431
Price\Range: $40
Discount Per Security: $1.6 Board Change • Nov 16
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. Director Chris Hix is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 12
ESAB Launches Sparkweek, A Week-Long Virtual Celebration Showcasing New Product Innovations and Brand Announcements ESAB, an ESAB Corporation brand and a world leader in welding and cutting equipment and consumables, announced the kick-off of its inaugural SparkWeek, a week-long, virtual launch event highlighting new welding and fabrication products. With 16 product unveils slated to go live between, November 14 and November 18, SparkWeek is poised to redefine ESAB’s position in the global fabrication technology industries, bringing the business and its portfolio of brands into new segments and audiences. Reported Earnings • Nov 05
Third quarter 2022 earnings released Third quarter 2022 results: EPS: US$0.88. Net income: US$52.9m (up US$52.9m from 3Q 2021). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Announcement • Oct 18
ESAB Corporation (NYSE : ESAB) acquired Ohio Medical Corporation from a private investor group for approximately $130 million. ESAB Corporation (NYSE : ESAB) acquired Ohio Medical Corporation from a private investor group for approximately $130 million on October 17, 2022. ESAB Corporation financed the acquisition using cash on hand. During the twelve months ended August 31, 2022, Ohio Medical generated over $45 million of sales. PricewaterhouseCoopers Corporate Finance LLC acted as a financial advisor to ESAB Corporation and Tucker Ellis LLP acted as a legal advisor to ESAB Corporation.
ESAB Corporation (NYSE : ESAB) acquired Ohio Medical Corporation from a private investor group on October 17, 2022. Announcement • Oct 13
ESAB Corporation to Report Q3, 2022 Results on Nov 03, 2022 ESAB Corporation announced that they will report Q3, 2022 results on Nov 03, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 14 October 2022. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.2%). Announcement • Sep 16
ESAB Corporation Declares Quarterly Cash Dividend, Payable on October 14, 2022 ESAB Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of the Company’s common stock. The dividend is payable on October 14, 2022 to shareholders of record as of September 30, 2022. Reported Earnings • Aug 11
Second quarter 2022 earnings released Second quarter 2022 results: EPS: US$0.95. Revenue: US$661.2m (flat on 2Q 2021). Net income: US$56.8m (up US$56.8m from 2Q 2021). Profit margin: 8.6% (up from null in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 9.5% growth forecast for the industry in Germany. Announcement • Aug 10
ESAB Corporation Reaffirms Earnings Guidance for the Full Year 2022 ESAB Corporation reaffirmed earnings guidance for the full year 2022. For the full year 2022, the company reported strong second quarter results, and reaffirmed its full year 2022 guidance, which excludes Russia from second quarter through the remainder of the year. The company continues to expect $2.45-$2.50 billion of sales with total reported sales growth of 2%-4%. Announcement • Jul 22
ESAB Corporation Appoints Melissa Cummings as Audit Committee On March 23, 2022, ESAB Corporation’s Board of Directors appointed Melissa Cummings to serve as a director of the Company, effective upon the consummation of the Company’s separation from Enovis Corporation (formerly Colfax Corporation) on April 4, 2022. Ms. Cummings’s committee assignments had not been determined at that time. On July 21, 2022, Ms. Cummings was appointed to the Audit Committee of the Company’s Board of Directors, effective immediately. Announcement • Jul 15
ESAB Corporation to Report Q2, 2022 Results on Aug 09, 2022 ESAB Corporation announced that they will report Q2, 2022 results on Aug 09, 2022 Announcement • May 13
ESAB Corporation Declares Quarterly Cash Dividend, Payable on July 18, 2022 ESAB Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of the Company’s common stock. The dividend is payable on July 18, 2022 to shareholders of record as of July 1, 2022. Announcement • May 12
ESAB Corporation Reiterates Full Year 2022 Guidance ESAB Corporation reiterated its full year 2022 guidance, which excludes Russia for the remainder of the year. The company continue to expect $2.45-$2.50 billion of sales with organic growth of 4%-7% and total reported sales growth of 2%-4%. Reported Earnings • May 11
First quarter 2022 earnings released First quarter 2022 results: EPS: US$0.96. Revenue: US$647.9m (flat on 1Q 2021). Net income: US$57.5m (up US$57.5m from 1Q 2021). Profit margin: 8.9% (up from null in 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 9.0% growth forecast for the industry in Germany. Announcement • May 10
ESAB Corporation Launches InduSuite ESAB Corporation announced the launch of InduSuite (InduSuite.com), a brand-agnostic portfolio of software applications that revolutionizes workflow, quality, and business performance, to help fabricators and manufacturers improve operational efficiency. InduSuite offers three key benefits for mixed fleet customers: simplicity for accessing data and documents with an easy-to-use interface; real-time insight into performance, traceability and workforce accountability; and an unprecedented level of control over metal fabrication operations. Cloud-based InduSuite solutions include WeldCloud Productivity, WeldCloud Fleet, WeldCloud Notes, and CutCloud for cutting data analytics. Installed InduSuite software applications include COLUMBUS CAD/CAM nesting software for automated cutting and OCTOPUZ for offline robot programming. These apps enable users to improve operational efficiency through: Ensuring compliance by developing welding and cutting procedures in accordance with standards and regulations. Improving productivity with offline programming of robot, welding, and cutting. Tracking and analyzing welding and cutting productivity, quality, and consumables usage. Maintaining fleet equipment in optimal working conditions. Accountability and oversight of all key welding and cutting activities. The cloud-based applications feature an intuitive interface that enables users to be up and running after an hour of training without IT expertise. The applications function on a common platform built with Microsoft Azure, which is among the most secure and reliable cloud architectures. InduSuite offers solutions suited for operations of all sizes, from small fabrication customers to large companies with fleets of equipment spanning multiple countries. This collection of cloud-based and installed software applications connects equipment and data across all brand platforms so companies can take total control of their operations. Announcement • Apr 19
ESAB Corporation to Report Q1, 2022 Results on May 10, 2022 ESAB Corporation announced that they will report Q1, 2022 results Pre-Market on May 10, 2022 Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improved over the past week After last week's 17% share price gain to €47.50, the stock trades at a trailing P/E ratio of 14.2x. Average forward P/E is 12x in the Machinery industry in Germany. Announcement • Apr 10
ESAB Corporation Announces Board Appointments On April 4, 2022 (Distribution Date), after market close of the New York Stock Exchange, the previously announced separation (Separation) of ESAB Corporation (ESAB) from Enovis Corporation (formerly known as Colfax Corporation) (Enovis) was completed. On April 4, 2022, effective upon consummation of the Separation, each of Patrick W. Allender, Rhonda L. Jordan and Didier Teirlinck resigned from the board of directors of Enovis (Board) to serve on the board of directors of ESAB.