ESAB Corporation shareholders approved an amended Omnibus Incentive Plan on May 8, 2025, expanding eligibility to consultants, modifying director award limits, and extending the plan term, without increasing share authorization. All board nominees were elected, executive compensation was approved via advisory vote, and Ernst & Young LLP was ratified as auditor for 2025.

ESAB Corporation Q1 2025 Results – Summary

Financial Performance
- Sales: $678 million (down 2% reported; flat core organic)
- Core adjusted EBITDA: $128 million (up 4%), margin up 100 bps to 19.8%
- GAAP net income: $67 million or $1.14 diluted EPS
- Core adjusted net income: $77 million or $1.25 diluted EPS

Segment Trends
- Americas: Slight organic decline; adjusted EBITDA margin at 19.4%
- EMEA & APAC: Organic growth of 1.5%; adjusted EBITDA margin at 20.0%
- Russia excluded from core figures

Strategic & Operational Updates
- Bavaria Schweisstechnik acquisition completed April 30, boosting consumables portfolio
- Strong margin expansion despite market softness
- Company leveraging its EBX system for efficiency and resiliency amid tariff and macro uncertainty

Outlook for 2025
- Core organic sales growth: 0.0% to 2.0%
- Total core net sales growth: revised up to -1.0% to 1.5% (from -2.0% to 0.0%)
- M&A contribution: raised to 2.0%–2.5%
- Currency headwind: moderated to ~ -3.0%
- Core adjusted EBITDA: revised to $520–$530 million (from $515–$530 million)
- Core adjusted EPS: reaffirmed at $5.10–$5.25

Cash Flow
- Adjusted free cash flow: $30.4 million (vs. $40.8 million a year ago)
- Strong cash balance: $291 million