$ESAB
ESAB Corp

2023 Q1 Form 10-Q Financial Statement

#000162828023014741 Filed on May 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q2
Revenue $684.0M $647.9M
YoY Change 14.04%
Cost Of Revenue $436.6M $423.6M
YoY Change 15.0%
Gross Profit $247.4M $224.3M
YoY Change 12.28%
Gross Profit Margin 36.17% 34.62%
Selling, General & Admin $147.3M $135.4M
YoY Change 8.84%
% of Gross Profit 59.53% 60.36%
Research & Development $9.600M $9.500M
YoY Change 0.0%
% of Gross Profit 3.88% 4.23%
Depreciation & Amortization $21.87M $16.69M
YoY Change -10.75%
% of Gross Profit 8.84% 7.44%
Operating Expenses $156.9M $144.9M
YoY Change 8.21%
Operating Profit $90.66M $83.61M
YoY Change 15.65%
Interest Expense -$19.51M $556.0K
YoY Change 178.0%
% of Operating Profit -21.52% 0.66%
Other Income/Expense, Net
YoY Change
Pretax Income $71.20M $84.17M
YoY Change 16.05%
Income Tax $37.02M $25.70M
% Of Pretax Income 52.0% 30.53%
Net Earnings $31.90M $55.44M
YoY Change -3.85%
Net Earnings / Revenue 4.66% 8.56%
Basic Earnings Per Share $0.52 $0.93
Diluted Earnings Per Share $0.52 $0.93
COMMON SHARES
Basic Shares Outstanding 60.19M shares 60.03M shares
Diluted Shares Outstanding 60.49M shares 60.03M shares

Balance Sheet

Concept 2023 Q1 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.06M $56.63M
YoY Change
Cash & Equivalents $82.06M $56.63M
Short-Term Investments
Other Short-Term Assets $70.33M $59.70M
YoY Change
Inventory $448.3M $462.5M
Prepaid Expenses $55.83M $59.02M
Receivables $404.1M $410.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.061B $1.048B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $283.8M $280.6M
YoY Change
Goodwill $1.564B $1.514B
YoY Change
Intangibles $518.4M $508.5M
YoY Change
Long-Term Investments
YoY Change
Other Assets $324.7M $322.5M
YoY Change
Total Long-Term Assets $2.788B $2.733B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $1.061B $1.048B
Total Long-Term Assets $2.788B $2.733B
Total Assets $3.849B $3.781B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $355.3M $369.0M
YoY Change
Accrued Expenses $275.1M $283.4M
YoY Change
Deferred Revenue $28.32M $25.92M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $630.4M $652.4M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $1.217B $0.00
YoY Change
Other Long-Term Liabilities $543.6M $611.6M
YoY Change
Total Long-Term Liabilities $1.760B $611.6M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $630.4M $652.4M
Total Long-Term Liabilities $1.760B $611.6M
Total Liabilities $2.391B $1.264B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $188.1M
YoY Change
Common Stock $60.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.420B $2.477B
YoY Change
Total Liabilities & Shareholders Equity $3.849B $3.781B
YoY Change

Cashflow Statement

Concept 2023 Q1 2022 Q2
OPERATING ACTIVITIES
Net Income $31.90M $55.44M
YoY Change -3.85%
Depreciation, Depletion And Amortization $21.87M $16.69M
YoY Change -10.75%
Cash From Operating Activities $38.07M $16.09M
YoY Change -74.4%
INVESTING ACTIVITIES
Capital Expenditures $7.709M $5.903M
YoY Change 25.6%
Acquisitions $18.72M $0.00
YoY Change -100.0%
Other Investing Activities -$18.04M $2.746M
YoY Change -158.43%
Cash From Investing Activities -$25.75M -$3.157M
YoY Change -66.44%
FINANCING ACTIVITIES
Cash Dividend Paid $3.033M $0.00
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$7.047M -$105.0K
YoY Change -99.81%
NET CHANGE
Cash From Operating Activities $38.07M $16.09M
Cash From Investing Activities -$25.75M -$3.157M
Cash From Financing Activities -$7.047M -$105.0K
Net Change In Cash $10.04M $15.42M
YoY Change -480.32%
FREE CASH FLOW
Cash From Operating Activities $38.07M $16.09M
Capital Expenditures $7.709M $5.903M
Free Cash Flow $30.36M $10.19M
YoY Change -82.48%

Facts In Submission

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CY2022Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
3509000 usd
CY2023Q1 esab Non Cash Interest Expense
NonCashInterestExpense
299000 usd
CY2022Q2 esab Non Cash Interest Expense
NonCashInterestExpense
0 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
21048000 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29833000 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
21611000 usd
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
41925000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
28480000 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
11975000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
8424000 usd
CY2022Q2 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2457000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
38067000 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16089000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7709000 usd
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5903000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
681000 usd
CY2022Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2746000 usd
CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
18721000 usd
CY2022Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25749000 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3157000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
187000000 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 usd
CY2023Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
189765000 usd
CY2022Q2 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
511000 usd
CY2023Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 usd
CY2022Q2 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1500000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
3033000 usd
CY2022Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
0 usd
CY2023Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1249000 usd
CY2022Q2 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
941000 usd
CY2023Q1 esab Transfers To From Parent Net
TransfersToFromParentNet
0 usd
CY2022Q2 esab Transfers To From Parent Net
TransfersToFromParentNet
-2847000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7047000 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-105000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4769000 usd
CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2595000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10040000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15422000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72024000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41209000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82064000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56631000 usd
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q1 us-gaap Fiscal Period
FiscalPeriod
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s fiscal year ends December 31. The Company’s first quarter ends on the last business day of the 13</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">th</span> week after the end of the prior quarter. As used herein, the first quarter results for 2023 and 2022 refer to the 13-week periods ended March 31, 2023 and April 1, 2022, respectively.
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
The Company makes certain estimates and assumptions in preparing its Consolidated and Combined Condensed Financial Statements in accordance with GAAP. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the Consolidated and Combined Condensed Financial Statements and the reported amounts of revenues and expenses for the periods presented. Actual results may differ from those estimates.
CY2023Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9600000 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9500000 usd
CY2023Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-5400000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
684000000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
647911000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
25900000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22300000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-11100000 usd
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9100000 usd
CY2023Q1 esab Contractwith Customer Liability One Time Advance Payments
ContractwithCustomerLiabilityOneTimeAdvancePayments
28300000 usd
CY2022Q2 esab Contractwith Customer Liability One Time Advance Payments
ContractwithCustomerLiabilityOneTimeAdvancePayments
25900000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
23471000 usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1591000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
732000 usd
CY2023Q1 esab Accounts Receivable Allowance For Credit Loss Foreign Currency Translation
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation
257000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
24587000 usd
CY2023Q1 esab Net Income Loss From Continuing Operations Attributable To Parent
NetIncomeLossFromContinuingOperationsAttributableToParent
32816000 usd
CY2022Q2 esab Net Income Loss From Continuing Operations Attributable To Parent
NetIncomeLossFromContinuingOperationsAttributableToParent
57458000 usd
CY2023Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
237000 usd
CY2022Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
32579000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
57458000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60146348 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60034311 shares
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.54
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.96
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
32579000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
57458000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60146348 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60034311 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
339878 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60486226 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60034311 shares
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.54
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.96
CY2023Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
1300000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
1000000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
71200000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37000000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.520
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
84200000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25700000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.306
CY2023Q1 esab Undistributed Foreign Earnings Tax Expense
UndistributedForeignEarningsTaxExpense
10900000 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
9400000 usd
CY2023Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
165710000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
153099000 usd
CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
54304000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
44086000 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
276675000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
261902000 usd
CY2023Q1 us-gaap Inventory Gross
InventoryGross
496689000 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
459087000 usd
CY2023Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
2918000 usd
CY2022Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
2168000 usd
CY2023Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
45429000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
40090000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
448342000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
416829000 usd
CY2023Q1 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.280
CY2022Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.315
CY2023Q1 esab Accrued Taxes And Deferred Income Tax Liabilities Current
AccruedTaxesAndDeferredIncomeTaxLiabilitiesCurrent
46817000 usd
CY2023Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
170033000 usd
CY2022Q4 esab Accrued Taxes And Deferred Income Tax Liabilities Current
AccruedTaxesAndDeferredIncomeTaxLiabilitiesCurrent
49615000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
161500000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
70310000 usd
CY2023Q1 esab Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
57112000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
74794000 usd
CY2022Q4 esab Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
57438000 usd
CY2023Q1 esab Accrued Asbestos Liability Current
AccruedAsbestosLiabilityCurrent
29002000 usd
CY2023Q1 esab Asbestos Liability Noncurrent
AsbestosLiabilityNoncurrent
215780000 usd
CY2022Q4 esab Accrued Asbestos Liability Current
AccruedAsbestosLiabilityCurrent
30108000 usd
CY2023Q1 esab Future Claims Period
FutureClaimsPeriod
P15Y
CY2022Q4 esab Asbestos Liability Noncurrent
AsbestosLiabilityNoncurrent
230581000 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
28322000 usd
CY2023Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
0 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
25899000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
0 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22808000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
77938000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18664000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
76163000 usd
CY2023Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
13297000 usd
CY2023Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
0 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
12946000 usd
CY2022Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
0 usd
CY2023Q1 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
10750000 usd
CY2023Q1 esab Accrued Third Party Commisions Noncurrent
AccruedThirdPartyCommisionsNoncurrent
0 usd
CY2022Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
18315000 usd
CY2022Q4 esab Accrued Third Party Commisions Noncurrent
AccruedThirdPartyCommisionsNoncurrent
0 usd
CY2023Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
7951000 usd
CY2023Q1 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
47000 usd
CY2022Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
7533000 usd
CY2022Q4 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
285000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
45832000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
22650000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
47436000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
19372000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
275089000 usd
CY2023Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
543560000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
285310000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
545339000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12946000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
14954000 usd
CY2023Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1393000 usd
CY2022Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1558000 usd
CY2023Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
672000 usd
CY2022Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
836000 usd
CY2023Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2678000 usd
CY2022Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2150000 usd
CY2023Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-964000 usd
CY2022Q2 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-56000 usd
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
13297000 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
15254000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
7818000 usd
CY2023Q1 esab Restructuring Settlement And Impairment Provisions Before Non Cash Charges
RestructuringSettlementAndImpairmentProvisionsBeforeNonCashCharges
4343000 usd
CY2023Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
4199000 usd
CY2023Q1 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
36000 usd
CY2023Q1 us-gaap Restructuring Reserve
RestructuringReserve
7998000 usd
CY2023Q1 esab Non Cash Impairment Restructuring Provisions
NonCashImpairmentRestructuringProvisions
5101000 usd
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
9444000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1219000000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1221000000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
2128000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
2357000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
1216872000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1218643000 usd
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3200000 usd
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3200000 usd
CY2023Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
26200000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
13462000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
9716000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
10769000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
14342000 usd
CY2022Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
2501000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
28720000 usd
CY2022Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2501000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
3424000 usd
CY2023Q1 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
2962000 usd
CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
20466000 usd
CY2023Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2962000 usd
CY2023Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
19130000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
8195000 usd
CY2023Q1 esab Future Claims Period
FutureClaimsPeriod
P15Y
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
15436000 usd
CY2023Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
2000 usd
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
29082000 usd
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
12501000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-2051000 usd
CY2023Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
39530000 usd
CY2023Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
1251000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
38279000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-44681000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-44681000 usd
CY2022Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-786000 usd
CY2022Q2 esab Other Comprehensive Income Loss Net Of Tax Contributions From Parent
OtherComprehensiveIncomeLossNetOfTaxContributionsFromParent
-59263000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-103158000 usd
CY2022Q4 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
14106 claim
CY2021Q4 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
14559 claim
CY2023Q1 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
986 claim
CY2022Q2 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
1065 claim
CY2023Q1 us-gaap Loss Contingency Claims Settled And Dismissed Number
LossContingencyClaimsSettledAndDismissedNumber
749 claim
CY2022Q2 us-gaap Loss Contingency Claims Settled And Dismissed Number
LossContingencyClaimsSettledAndDismissedNumber
779 claim
CY2023Q1 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
14343 claim
CY2022Q2 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
14845 claim
CY2023Q1 us-gaap Loss Contingency Receivable Current
LossContingencyReceivableCurrent
202318000 usd
CY2022Q4 us-gaap Loss Contingency Receivable Current
LossContingencyReceivableCurrent
215112000 usd
CY2023Q1 us-gaap Loss Contingency Receivable Noncurrent
LossContingencyReceivableNoncurrent
18648000 usd
CY2022Q4 us-gaap Loss Contingency Receivable Noncurrent
LossContingencyReceivableNoncurrent
17231000 usd
CY2023Q1 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
29002000 usd
CY2022Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
30108000 usd
CY2023Q1 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
215780000 usd
CY2022Q4 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
230581000 usd
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q1 us-gaap Revenues
Revenues
684000000 usd
CY2022Q2 us-gaap Revenues
Revenues
647911000 usd
CY2023Q1 esab Adjusted Earnings Before Interest Taxes And Amortization
AdjustedEarningsBeforeInterestTaxesAndAmortization
117989000 usd
CY2022Q2 esab Adjusted Earnings Before Interest Taxes And Amortization
AdjustedEarningsBeforeInterestTaxesAndAmortization
109267000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
34129000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
58424000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37024000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25746000 usd
CY2023Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-19510000 usd
CY2022Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
488000 usd
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
9444000 usd
CY2022Q2 us-gaap Restructuring Charges
RestructuringCharges
5304000 usd
CY2023Q1 us-gaap Severance Costs1
SeveranceCosts1
0 usd
CY2022Q2 us-gaap Severance Costs1
SeveranceCosts1
3629000 usd
CY2023Q1 esab Amortization Of Acquired Intangible Assets And Acquisition Costs
AmortizationOfAcquiredIntangibleAssetsAndAcquisitionCosts
9289000 usd
CY2022Q2 esab Amortization Of Acquired Intangible Assets And Acquisition Costs
AmortizationOfAcquiredIntangibleAssetsAndAcquisitionCosts
7680000 usd
CY2023Q1 esab Depreciation And Other Amortization
DepreciationAndOtherAmortization
8593000 usd
CY2022Q2 esab Depreciation And Other Amortization
DepreciationAndOtherAmortization
8972000 usd
CY2023Q1 esab Adjusted Earnings Before Interest Taxes And Amortization
AdjustedEarningsBeforeInterestTaxesAndAmortization
117989000 usd
CY2022Q2 esab Adjusted Earnings Before Interest Taxes And Amortization
AdjustedEarningsBeforeInterestTaxesAndAmortization
109267000 usd
CY2023Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
3000000 usd

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