Key Highlights

  • ESAB's $0.12 quarterly dividend has an October 2, 2026 ex-dividend date and is payable October 16 to shareholders of record.
  • Second-quarter sales were a record $808 million, up 12.9% reported and 2.5% on a core organic basis.
  • GAAP net income from continuing operations was $35 million, or $0.54 per diluted share, and core adjusted EPS was $1.33.
  • ESAB closed the Eddyfi acquisition one month ahead of schedule and updated 2026 adjusted EBITDA guidance to $615 million to $625 million.

Overview

ESAB Corporation's (NYSE:ESAB) $0.12 quarterly dividend yields 0.71% and sits beside second-quarter GAAP diluted EPS from continuing operations of $0.54 and core adjusted diluted EPS of $1.33. The Board declared the dividend on September 10, 2026, after announcing an increase in the quarterly rate from $0.10 to $0.12 in May 2026.

Dividend Program and Shareholder Returns

ESAB's Board declared a quarterly cash dividend of $0.12 per share on September 10, 2026. It is payable October 16 to shareholders of record as of October 2.

In May 2026, the company announced an increase in its quarterly dividend from $0.10 to $0.12 per share. That dividend was paid July 17 to shareholders of record as of July 3.

About the Company

Founded in 1904, ESAB is a focused premier industrial compounder based in North Bethesda, Maryland. It employs approximately 11,300 associates and serves customers in approximately 150 countries. Its business system is ESAB Business Excellence, and it reports results across two segments, Americas and EMEA and APAC.

Financial Performance Behind the Payout

ESAB reported second-quarter sales of $808 million, up from $715.6 million. Core organic sales rose 2.5%, with core organic growth in both segments.

Net income from continuing operations attributable to ESAB was $35 million, or $0.54 per diluted share. Core adjusted net income was $83 million, or $1.33 per diluted share, down 1%. Core adjusted EBITDA, a non-GAAP measure, was $150 million, up 8.0%, and the margin was 19.5%, down 90 basis points. The company cited transitory price/cost neutrality and targeted commercial investments for equipment growth.

Excluding one month of Eddyfi and related financing transactions, core adjusted EPS was $1.41.

The Eddyfi Acquisition and an Updated Outlook

ESAB closed its acquisition of Eddyfi one month ahead of schedule. The company completed a $1 billion bond offering in March to prefund the transaction.

With Eddyfi closed, the company updated its 2026 outlook to total core sales of approximately $3.0 billion to $3.1 billion, adjusted EBITDA of $615 million to $625 million including seven months of Eddyfi, adjusted EPS of $5.40 to $5.50 and free cash flow conversion of about 90%.

Outlook

The updated 2026 outlook assumes organic growth of 2% to 4% and includes seven months of Eddyfi. Price/cost balance, equipment and automation growth, and financing costs tied to the Eddyfi transaction are the items management discussed.