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    ESAB Corp (ESAB)

    Financials

    Updated May 1, 2025, 11:37 AM UTC
    Income Statement - MetricQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net Sales (USD, thousands)689,348.002,774,766689,744707,053.00673,250.00670,756.002,740,803678,138
    Cost of Sales (USD, thousands)434,623.001,759,015434,717436,738.00419,460.00412,433.001,703,348422,936
    Gross Profit (USD, thousands)254,725.001,015,751255,027270,315.00253,790.00258,323.001,037,455255,202
    Selling, General and Administrative Expense (USD, thousands)144,639.00587,475142,450146,187.00145,900.00145,241.00579,778140,858
    Restructuring and Other Related Charges (USD, thousands)6,368.0024,1101,9244,773.001,875.001,655.0010,2274,499
    Operating Income (USD, thousands)103,718.00404,166110,653119,355.00106,015.00111,427.00447,450109,845
    Pension Settlement Loss (Gain) (USD, thousands)--12,1550.000.000.0012,155N/A [N/A]
    Interest Expense and Other, Net (USD, thousands)26,243.0085,07417,09115,940.0016,894.0014,965.0064,89016,782
    Income from Continuing Operations Before Income Taxes (USD, thousands)77,475.00319,09281,407103,415.0089,121.0096,462.00370,40593,063
    Income Tax Expense (USD, thousands)17,921.0095,72718,50417,885.0018,074.0022,885.0077,34820,499
    Net Income from Continuing Operations (USD, thousands)59,554.00223,36562,90385,530.0071,047.0073,577.00293,05772,564
    Loss from Discontinued Operations, Net of Taxes (USD, thousands)(8,082.00)(12,341)(1,309)(1,161.00)(1,214.00)(18,625.00)(22,309)(2,732)
    Net Income (USD, thousands)51,472.00211,02461,59484,369.0069,833.0054,952.00270,74869,832
    Income Attributable to Noncontrolling Interest, Net of Taxes (USD, thousands)1,233.005,739(1,643)(1,462.00)(1,593.00)(1,208.00)(5,906)(2,469)
    Net Income Attributable to ESAB Corporation (USD, thousands)50,239.00205,28559,95182,907.0068,240.0053,744.00264,84267,363
    Balance Sheet - MetricQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, thousands)102,003102,003-----291,348
    Trade receivables, net (USD, thousands)385,198385,198-----414,796
    Inventories, net (USD, thousands)392,858392,858-----450,705
    Prepaid expenses (USD, thousands)61,77161,771-----56,941
    Other current assets (USD, thousands)55,89055,890-----72,241
    Total current assets (USD, thousands)997,720997,720-----1,286,031
    Property, plant and equipment, net (USD, thousands)294,305294,305-----307,487
    Goodwill (USD, thousands)1,588,3311,588,331-----1,684,829
    Intangible assets, net (USD, thousands)499,535499,535-----502,895
    Lease asset - right of use (USD, thousands)95,60795,607-----86,320
    Other assets (USD, thousands)353,131353,131-----349,980
    Total assets (USD, thousands)3,828,6293,828,629-----4,217,542
    Accounts payable (USD, thousands)306,593306,593-----349,716
    Accrued liabilities (USD, thousands)313,489313,489-----304,525
    Total current liabilities (USD, thousands)620,082620,082-----672,000
    Long-term debt (USD, thousands)1,018,0571,018,057-----1,056,296
    Other liabilities (USD, thousands)542,833542,833-----538,854
    Total liabilities (USD, thousands)2,180,9722,180,972-----2,267,150
    Common stock (USD, thousands)6060-----61
    Additional paid-in capital (USD, thousands)1,881,0541,881,054-----1,901,849
    Retained earnings (USD, thousands)350,557350,557-----659,675
    Accumulated other comprehensive loss (USD, thousands)(624,272)(624,272)-----(651,857)
    Total ESAB Corporation equity (USD, thousands)1,607,3991,607,399-----1,909,728
    Noncontrolling interest (USD, thousands)40,25840,258-----40,664
    Total equity (USD, thousands)1,647,6571,647,657-----1,950,392
    Total liabilities and equity (USD, thousands)3,828,6293,828,629-----4,217,542
    Cash Flow - MetricQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net income [USD, thousands]51,472.00211,02461,59484,369.0069,833.0054,952.00270,74869,832
    Depreciation, amortization and other impairment charges [USD, thousands]17,944.0075,03416,38716,543.0017,098.0016,762.0066,79017,491
    Stock-based compensation expense [USD, thousands]4,972.0016,1224,1335,753.004,587.005,307.0019,7805,361
    Non-cash interest expense [USD, thousands]299.001,1951,062570.00627.00627.002,886628
    Pension settlement loss (gain) [USD, thousands]--12,1550.000.000.0012,155-
    Net cash provided by operating activities [USD, thousands]122,395.00330,49444,46783,016.00101,040.00126,876.00355,39935,410
    Purchases of property, plant and equipment [USD, thousands](19,313.00)(48,178)(7,414)(9,023.00)(10,634.00)(24,708.00)(51,779)(7,294)
    Proceeds from sale of property, plant and equipment [USD, thousands](571.00)4,600368240.002,844.00353.003,8054,605
    Acquisitions, net of cash received [USD, thousands]0.00(18,665)(18,067)17.00(68,487.00)(67,127.00)(153,664)-
    Other investing [USD, thousands]--(1,501)(1,558.00)(999.00)0.00(4,058)-
    Net cash used in investing activities [USD, thousands](19,884.00)(62,243)(26,614)(10,324.00)(77,276.00)(91,482.00)(205,696)(2,689)
    Proceeds from borrowings on revolving credit facility and other [USD, thousands]119,479.00574,150115,00090,000.000.000.00205,000-
    Repayments of borrowings on Term Loans [USD, thousands](6,250.00)(12,500)(6,250)(591,250.00)0.00(5,000.00)(602,500)(2,500)
    Repayments of borrowings on revolving credit facility and other [USD, thousands](184,550.00)(763,173)(139,035)(97,970.00)382.00(382.00)(237,005)-
    Payment of dividends [USD, thousands](3,640.00)(13,342)(3,635)(3,643.00)(4,857.00)(4,857.00)(16,992)(4,861)
    Distributions to noncontrolling interest holders [USD, thousands](1,601.00)(3,880)--(1,426.00)(1,034.00)(3,678)(1,168)
    Net cash provided by (used in) financing activities [USD, thousands](77,534.00)(219,717)(33,920)80,201.00(5,705.00)(8,907.00)31,669(13,119)
    Effect of foreign exchange rates on Cash and cash equivalents [USD, thousands](5,807.00)(18,555)(9,441)(918.00)7,141.00(30,799.00)(34,017)22,388
    Increase in Cash and cash equivalents [USD, thousands]19,170.0029,979(25,508)151,975.0025,200.00(4,312.00)147,35541,990
    Deferred income tax [USD, thousands](25,408)(25,408)(638)1,7602,394(2,601)(2,601)(2,774)
    Cash and cash equivalents, beginning of period [USD, thousands]72,02472,024102,003102,003102,003102,003102,003249,358
    Cash and cash equivalents, end of period [USD, thousands]102,003102,00376,495228,470253,670249,358249,358291,348
    Revenue by Segment - in Millions of USDQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Americas307.31,215.0296.0309.8288.8282.11176.7280.665
    EMEA & APAC382.11,559.8393.7397.3384.4388.71564.1397.473
    - Equipment219.7854.9-231.7219.4-893.3232.488
    - Consumables469.61,919.8-475.4453.8-1847.5445.650
    Total Revenue689.42,774.8689.7707.1673.3670.72740.8678.138
    Revenue by Geography - in Millions of USDQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Americas307.31,215.0296.0309.8288.8282.11,176.7280.7
    - United States-619.1----595.6-
    EMEA & APAC382.11,559.8393.7397.3384.4388.71,564.1397.5
    Total Revenue689.42,774.8689.7707.1673.3670.72,740.8678.1
    KPIs - Metric (Unit, Scale)Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Total revenue increase from existing businesses (USD millions)-161.616.68.46.6-32.3-
    Revenue increase from price changes (USD millions)-94.38.41.58.7-19.9-
    Revenue increase from volume changes (USD millions)-67.38.26.9-2.1-12.4-
    Organic sales growth percentage (percentage)-6.22.41.21.0-1.2-
    Core organic sales growth percentage (percentage)-5.92.00.61.2-0.9-