Mitchell P. Rales was appointed as Executive Chair of the Board of Directors at ESAB Corp.
“On June 10, 2026, ESAB Corporation (the “Company” or “ESAB”) appointed Mitchell P. Rales as Executive Chair of the Board of Directors (“Executive Chair”), effective as of June 10, 2026”
Equity Issuances
ESAB Corp issued 1,254,255 shares of its common stock, par value $0.001 per share of common stock to certain institutional investors for aggregate gross proceeds of approximately $143.0 million.
“(ii) 1,254,255 shares (the “ Common Shares ”) of its common stock, par value $0.001 per share (the “ Common Stock ”), in accordance with that certain Common Stock Purchase Agreement dated February 2, 2026 between the Company and certain institutional investors thereto for aggregate gross proceeds of approximately $143.0 million”
Equity Issuances
ESAB Corp issued 175,000 shares of its 6.50% Series A Mandatory Convertible Preferred Stock, par value $0.001 per share of preferred stock to certain institutional investors for aggregate gross proceeds of approximately $175.0 million.
“the Company completed the previously announced private placements of (i) 175,000 shares (the “ Preferred Shares ”) of its 6.50% Series A Mandatory Convertible Preferred Stock, par value $0.001 per share, pursuant to that certain Preferred Stock Purchase Agreement dated February 2, 2026, between the Company and certain institutional investors thereto for aggregate gross proceeds of approximately $175.0 million”
Governance Changes
ESAB Corp: Filed Certificate of Designations to establish terms of 6.50% Series A Mandatory Convertible Preferred Stock (effective 2026-06-01).
“On June 1, 2026, the Company filed the Certificate of Designations with the Delaware Secretary of State to establish the preferences, limitations and relative rights of its 6.50% Series A Mandatory Convertible Preferred Stock (the “ Series A Mandatory Convertible Preferred Stock ”), which became effective upon filing.”
M&A Transactions
ESAB Corp completed an acquisition involving 9559-2796 Québec Inc., a wholly owned indirect subsidiary of ESAB Corporation, acquired Eddyfi Holding Inc. from the vendors for cash equal to $1.45 billion, subject to customary purchase price adjustments (closed 2026-06-01).
“Québec and a wholly owned indirect subsidiary of the Company (the “ Purchaser ”), acquired all of the issued and outstanding shares of Eddyfi from the vendors for cash equal to $1.45 billion, subject to customary purchase price adjustments set forth in the Purchase Agreement relating to cash, indebtedness, transaction expenses, and net working capital of Eddyfi, its”
Shareholder Votes
ESAB Corp shareholders approved Advisory Vote on the Executive Compensation of the Named Executive Officers at the 2026-05-08 meeting.
“Proposal 3: Advisory Vote on the Executive Compensation of the Named Executive Officers The Company’s stockholders approved, by non-binding advisory vote, the compensation of the Company’s named executive officers. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes 53,998,529 3,548,562 35,120 1,082,690”
Shareholder Votes
ESAB Corp shareholders approved Ratification of Appointment of Independent Registered Accounting Firm at the 2026-05-08 meeting.
“Proposal 2: Ratification of Appointment of Independent Registered Accounting Firm The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes 58,527,946 107,989 28,966 –”
Shareholder Votes
ESAB Corp shareholders approved Election of Directors at the 2026-05-08 meeting.
“Proposal 1: Election of Directors The Company’s stockholders elected nine directors to the Company’s Board of Directors (to hold office until the next annual meeting of stockholders and until their respective successors are elected and qualified). The votes regarding this proposal were as follows: Nominee For Against Abstain Broker Non-Votes Mitchell P. Rales 57,357,369 194,673 30,169 1,082,690 Shyam P. Kambeyanda 57,442,055 111,471 28,685 1,082,690 Melissa Cummings 57,398,314 155,306 28,591 1,082,690 Rhonda L. Jordan 56,424,889 1,120,581 36,741 1,082,690 Robert S. Lutz 57,362,347 189,265 30,599 1,082,690 Sébastien Martin 57,504,238 47,845 30,128 1,082,690 Stephanie M. Phillipps 57,155,807 397,954 28,450 1,082,690 Didier Teirlinck 57,395,164 156,794 30,253 1,082,690 Rajiv Vinnakota 55,756,249 1,795,690 30,272 1,082,690”
Earnings Releases
ESAB Corp reported first quarter ended April 3, 2026 results: revenue $746 million, net income $50 million, EPS $0.82 diluted earnings per share. Guidance reaffirmed.
“ESAB reported record first quarter sales of $746 million, an increase of 10% on a reported basis or a decrease of 1% on a core organic growth basis before acquisitions and currency translation, as compared to the prior year. ESAB also reported first quarter net income from continuing operations attributable to ESAB of $50 million or $0.82 diluted earnings per share and core adjusted net income of $80 million or $1.31 diluted earnings per share, up 5% on a year-over-year basis.”
Debt Financings
ESAB Corp incurred senior notes of $1,000 million with U.S. Bank Trust Company, National Association at 5.625% maturing April 1, 2031.
“On March 26, 2026, ESAB Corporation, a Delaware corporation (the “Company”), issued $1,000 million in aggregate principal amount of 5.625% senior notes due 2031 (the “Notes”).”
Material Agreements
ESAB Corp entered into Indenture with U.S. Bank Trust Company, National Association valued at $1,000 million 5.625% senior notes due 2031 (effective 2026-03-26).
“On March 26, 2026, ESAB Corporation, a Delaware corporation (the “Company”), issued $1,000 million in aggregate principal amount of 5.625% senior notes due 2031 (the “Notes”). The Notes were issued pursuant to an indenture, dated as of March 26, 2026 (the “Indenture”), by and among the Company, the Guarantors (as defined below) and U.S. Bank Trust Company, National Association (the “Trustee”).”
Equity Issuances
ESAB Corp issued 1,254,255 shares of Common Stock of common stock to certain institutional investors (the Common Stock Purchasers) for aggregate purchase price of $142,985,070, offered at $114.00 per Common Share.
“on February 2, 2026, the Company offered and agreed to issue and sell 1,254,255 shares of Common Stock (the “Common Shares”) to certain institutional investors (the “Common Stock Purchasers”), pursuant to a common stock purchase agreement (the “Common Stock Purchase Agreement”), for an aggregate purchase price of $142,985,070.”
Equity Issuances
ESAB Corp issued 175,000 shares of preferred stock to certain investors (the Preferred Stock Purchasers) including one or more entities affiliated with Mitchell Rales and one or more entities affiliated with Steven Rales for aggregate liquidation preference of $175.0 million, offered at $1,000 per Preferred Share.
“On February 2, 2026, the Company offered and agreed to issue and sell 175,000 shares (the “ Preferred Shares ”) of a newly created series of convertible preferred stock, designated as 6.50% Series A Mandatory Convertible Preferred Stock, par value $0.001 per share (the “ Mandatory Convertible Preferred Stock ”), to certain investors (the “ Preferred Stock Purchasers ”), pursuant to a preferred stock purchase agreement (the “ Preferred Stock Purchase Agreement ”), for an aggregate liquidation preference of $175.0 million.”
Material Agreements
ESAB Corp entered into Share Purchase Agreement with 9559-2796 Québec Inc., an indirect wholly owned subsidiary, and the Vendors, Holdcos, and Vendors' Representatives party thereto valued at $1.45 billion (effective 2026-01-31).
“On January 31, 2026, ESAB Corporation, a Delaware corporation (the “ Company ”), and 9559-2796 Québec Inc., a corporation governed by the laws of the Province of Québec and a wholly owned indirect subsidiary of the Company (the “ Purchaser ”), entered into a Share Purchase Agreement (the “ Agreement ”) with the vendors party thereto (the “Vendors”), certain holding companies affiliated with certain of the Vendors (the “ Holdcos ”) and the Vendors’ representatives party thereto (the “ Vendors’ Representatives ”)”
Shareholder Votes
ESAB Corp shareholders approved Advisory Vote on the Executive Compensation of the Named Executive Officers at the 2024-05-09 meeting.
“Proposal 3: Advisory Vote on the Executive Compensation of the Named Executive Officers The Company’s stockholders approved, by non-binding advisory vote, the compensation of the Company’s named executive officers. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes 54,579,779 1,062,195 32,840 1,234,599”
Shareholder Votes
ESAB Corp shareholders approved Ratification of Appointment of Independent Registered Accounting Firm at the 2024-05-09 meeting.
“Proposal 2: Ratification of Appointment of Independent Registered Accounting Firm The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes 56,845,487 31,556 32,370 –”
Shareholder Votes
ESAB Corp shareholders approved Election of Directors at the 2024-05-09 meeting.
“Proposal 1: Election of Directors The Company’s stockholders elected two Class II directors to the Company’s Board of Directors (to hold office until the Company’s 2026 Annual Meeting of stockholders and until their respective successors are elected and qualified). The votes regarding this proposal were as follows: Nominee For Against Abstain Broker Non-Votes Patrick W. Allender 55,301,142 350,054 23,618 1,234,599 Rhonda L. Jordan 54,931,372 719,824 23,618 1,234,599”
Earnings Releases
ESAB Corp updated its Full Year 2024 guidance (raised).
“ESAB raised its estimated core adjusted EBITDA to $500 to $520 million and core adjusted EPS to $4.75 to $4.95, up from our prior guidance of core adjusted EBITDA of $495 to $515 million and core adjusted EPS of $4.65 to $4.85.”
Earnings Releases
ESAB Corp reported financial results for the first quarter of 2024.
“ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, today announced financial results for the first quarter of 2024.”
Earnings Releases
ESAB Corp reported financial results for the first quarter ended March 29, 2024.
“On May 1, 2024 , the Company issued a press release reporting financial results for the first quarter ended March 29, 2024.”
Debt Financings
ESAB Corp incurred senior notes of $700 million with U.S. Bank Trust Company, National Association at 6.25% maturing April 15, 2029.
“On April 9, 2024, ESAB Corporation, a Delaware corporation (the “Company”), issued $700 million in aggregate principal amount of 6.25% senior notes due 2029 (the “Notes”).”
Material Agreements
ESAB Corp entered into Indenture with U.S. Bank Trust Company, National Association valued at $700 million (effective 2024-04-09).
“On April 9, 2024, ESAB Corporation, a Delaware corporation (the “Company”), issued $700 million in aggregate principal amount of 6.25% senior notes due 2029 (the “Notes”). The Notes were issued pursuant to an indenture, dated as of April 9, 2024 (the “Indenture”), by and among the Company, the Guarantors (as defined below) and U.S. Bank Trust Company, National Association (the “Trustee”).”
Earnings Releases
ESAB Corp reported the fourth quarter ended December 31, 2023 results: revenue $689 million, net income $58 million, EPS $0.96 diluted earnings per share. Guidance initiated.
““Company”) (NYSE: ESAB), a focused premier industrial compounder, today announced record financial results f or the fourth quarter of 2023. ESAB reported fourth quarter sales of $689 million, an increase of 4% on an as reported basis or 4% higher core organic growth before acquisitions and currency translation impacts, as compared to the prior year. ESAB also”
Earnings Releases
ESAB Corp reported third quarter ended September 29, 2023 results: revenue $681 million, net income $59 million or $0.97 diluted earnings per share, EPS $0.97 diluted earnings per share. Guidance raised.
“ESAB reported third quarter sales of $681 million, an increase of 10% on a reported basis or 7% higher core organic growth before acquisitions and currency translation impacts, as compared to the prior year. ESAB also reported third quarter net income from continuing operations attributable to ESAB of $59 million or $0.97 diluted earnings per share and core adjusted net income of $66 million or $1.08 diluted earnings per share.”
Earnings Releases
ESAB Corp reported second quarter ended June 30, 2023 results: revenue $720 million, net income $67 million, EPS $1.10 diluted earnings per share. Guidance raised.
“ESAB reported second quarter sales of $720 million, an increase of 9% on a reported basis or 6% higher core organic growth before acquisitions and currency translation impacts, as compared to the prior year quarter. ESAB also reported second quarter net income from continuing operations attributable to ESAB of $67 million or $1.10 diluted earnings per share and core adjusted net income of $74 million or $1.21 diluted earnings per share.”
Shareholder Votes
ESAB Corp shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation at the 2023-05-11 meeting.
“Proposal 4: Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation The Company’s stockholders voted, on a non-binding advisory basis, on the frequency of future advisory votes on the compensation of the Company’s named executive officers. The votes regarding this proposal were as follows: One Year Two Years Three Years Abstain Broker Non- Votes 53,695,530 41,606 2,220,853 26,481 1,236,770”
Shareholder Votes
ESAB Corp shareholders approved Advisory Vote on the Executive Compensation of the Named Executive Officers at the 2023-05-11 meeting.
“Proposal 3: Advisory Vote on the Executive Compensation of the Named Executive Officers The Company’s stockholders approved, by non-binding advisory vote, the compensation of the Company’s named executive officers. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes 54,251,295 1,700,714 32,461 1,236,770”
Shareholder Votes
ESAB Corp shareholders approved Ratification of Appointment of Independent Registered Accounting Firm at the 2023-05-11 meeting.
“Proposal 2: Ratification of Appointment of Independent Registered Accounting Firm The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes 57,177,006 18,908 25,326 —”
Shareholder Votes
ESAB Corp shareholders approved Election of Directors at the 2023-05-11 meeting.
“Proposal 1: Election of Directors The Company’s stockholders elected three Class I directors to the Company’s Board of Directors (to hold office until the Company’s 2026 Annual Meeting of stockholders and until their respective successors are elected and qualified). The votes regarding this proposal were as follows: Nominee For Against Abstain Broker Non-Votes Mitchell P. Rales 55,593,588 368,680 22,202 1,236,770 Stephanie M. Phillipps 55,158,750 803,429 22,291 1,236,770 Didier Teirlinck 54,901,248 1,060,859 22,363 1,236,770”
Earnings Releases
ESAB Corp reported first quarter ended March 31, 2023 results: revenue $684 million, net income $33 million, EPS $0.54 diluted earnings per share. Guidance raised.
“ESAB Corporation reported first quarter sales of $684 million, an increase of 6% on a reported basis or 7% higher core organic growth before acquisitions and currency translation impacts, as compared to the prior year quarter. ESAB also reported first quarter net income from continuing operations attributable to ESAB of $33 million or $0.54 diluted earnings per share and core adjusted net income of $63 million or $1.04 diluted earnings per share.”
Earnings Releases
ESAB Corp reported the fourth quarter ended December 31, 2022 results: revenue $664 million, net income $59 million, EPS $0.97 diluted earnings per share from continuing operations. Guidance initiated.
“ESAB Corporation reported fourth quarter sales of $664 million, an increase of 6% on a reported basis or 11% higher core organic growth before acquisitions and currency translation impacts. ESAB also reported fourth quarter GAAP net income from continuing operations attributable to ESAB of $59 million, $0.97 diluted earnings per share from continuing operations and core adjusted net income of $64 million, $1.05 diluted per share.”
Earnings Releases
ESAB Corp reported third quarter of 2022 results: revenue $620 million, net income $53 million, EPS $0.88 diluted per share. Guidance reaffirmed.
“The Company reported third quarter sales of $620 million, an increase of 2% on a reported basis, and core (excluding Russia) sales of $577 million, or 10% higher core organic growth before currency translation impacts. ESAB also reported third quarter GAAP net income from continuing operations attributable to ESAB of $53 million , $0.88 diluted per share”
Rajiv Vinnakota was appointed as Director at ESAB Corp.
“each of Mitchell P. Rales, Melissa Cummings, Rhonda L. Jordan, Shyam P. Kambeyanda, Robert S. Lutz, Stephanie M. Phillipps, Didier Teirlinck, and Rajiv Vinnakota were appointed to the Board”
Didier Teirlinck was appointed as Director at ESAB Corp.
“each of Mitchell P. Rales, Melissa Cummings, Rhonda L. Jordan, Shyam P. Kambeyanda, Robert S. Lutz, Stephanie M. Phillipps, Didier Teirlinck, and Rajiv Vinnakota were appointed to the Board”
Stephanie M. Phillipps was appointed as Director at ESAB Corp.
“each of Mitchell P. Rales, Melissa Cummings, Rhonda L. Jordan, Shyam P. Kambeyanda, Robert S. Lutz, Stephanie M. Phillipps, Didier Teirlinck, and Rajiv Vinnakota were appointed to the Board”
Robert S. Lutz was appointed as Director at ESAB Corp.
“each of Mitchell P. Rales, Melissa Cummings, Rhonda L. Jordan, Shyam P. Kambeyanda, Robert S. Lutz, Stephanie M. Phillipps, Didier Teirlinck, and Rajiv Vinnakota were appointed to the Board”
Shyam P. Kambeyanda was appointed as Director at ESAB Corp.
“each of Mitchell P. Rales, Melissa Cummings, Rhonda L. Jordan, Shyam P. Kambeyanda, Robert S. Lutz, Stephanie M. Phillipps, Didier Teirlinck, and Rajiv Vinnakota were appointed to the Board”
Rhonda L. Jordan was appointed as Director at ESAB Corp.
“each of Mitchell P. Rales, Melissa Cummings, Rhonda L. Jordan, Shyam P. Kambeyanda, Robert S. Lutz, Stephanie M. Phillipps, Didier Teirlinck, and Rajiv Vinnakota were appointed to the Board”
Melissa Cummings was appointed as Director at ESAB Corp.
“each of Mitchell P. Rales, Melissa Cummings, Rhonda L. Jordan, Shyam P. Kambeyanda, Robert S. Lutz, Stephanie M. Phillipps, Didier Teirlinck, and Rajiv Vinnakota were appointed to the Board”
Mitchell P. Rales was appointed as Chair of the Board at ESAB Corp.
“Mr. Rales was appointed Chair of the Board effective as of the Distribution Date.”
Melissa Cummings was appointed as Director at ESAB Corp.
“On March 23, 2022, the Board of Directors (the “Board”) of ESAB Corporation (the “Company” or “ESAB”) appointed Melissa Cummings to serve as a director of the Company, effective upon the consummation of the previously announced separation (the “Separation”) of the Company from Colfax Corporation (“Colfax”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.