ESAB Corporation (ESAB)

ESAB's stock price has declined recently, but Q3 2025 earnings exceeded analyst expectations on profitability. Strategic acquisitions, including DeltaP and Aktiv, and a definitive agreement to acquire EWM GmbH, are expected to be EPS accretive. Analysts maintain a "Strong Buy" rating with a potential upside.

Demand for ESAB's products is influenced by capital spending in manufacturing and industrial sectors. The welding industry experiences contractions during slowing industrial activity, and commodity price volatility can affect capital spending decisions. The Americas segment has faced headwinds, while EMEA & APAC has demonstrated robust demand. There is optimism for an automation rebound in the second half of 2025.

ESAB Corp. operates in the manufacturing, welding, and fabrication sectors, providing advanced equipment, consumables, gas control equipment, robotics, and digital solutions. Its major products include welding and cutting equipment, welding consumables, personal protective equipment, software, robotic equipment, and gas control solutions.

ESAB's operations span worldwide, segmented into Americas and EMEA & APAC. The company maintains manufacturing facilities in over 14 countries. In 2024, approximately 78% of its sales were derived from operations outside the United States, with 43% from the Americas and 57% from EMEA & APAC.

ESAB has a strong brand reputation built on a 120-year history of innovation in welding and cutting technologies. The company is recognized as a global leader, evident through new product introductions and a focus on research and development. ESAB also emphasizes responsible business practices and sustainability.

ESAB Corporation's ownership is primarily institutional, with approximately 93.16% held by institutional shareholders. Individual insiders own about 6.98% of the company, with Mitchell P. Rales being the largest individual shareholder.