2024 Q1 Form 10-K Financial Statement

#000187732224000035 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $689.7M $689.3M $2.775B
YoY Change 0.84% 3.8% 6.99%
Cost Of Revenue $434.7M $434.6M $1.759B
YoY Change -0.43% -1.16% 2.99%
Gross Profit $255.0M $254.7M $1.016B
YoY Change 3.09% 13.52% 14.71%
Gross Profit Margin 36.97% 36.95% 36.61%
Selling, General & Admin $142.5M $144.6M $587.5M
YoY Change -3.28% 8.96% 10.14%
% of Gross Profit 55.86% 56.78% 57.84%
Research & Development $10.10M $10.70M $38.80M
YoY Change 5.21% 7.78%
% of Gross Profit 3.96% 4.2% 3.82%
Depreciation & Amortization $16.39M $17.94M $75.03M
YoY Change -25.07% 3.85% 13.73%
% of Gross Profit 6.43% 7.04% 7.39%
Operating Expenses $152.6M $144.6M $626.3M
YoY Change -2.76% 8.96% 9.99%
Operating Profit $110.7M $110.1M $404.2M
YoY Change 22.05% 20.12% 22.82%
Interest Expense -$17.09M -$26.24M -$96.46M
YoY Change -12.4% 42.36% 137.9%
% of Operating Profit -15.45% -23.84% -23.87%
Other Income/Expense, Net -$12.16M $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income $81.40M $77.48M $319.1M
YoY Change 14.33% 17.42% 6.28%
Income Tax $18.50M $17.92M $95.73M
% Of Pretax Income 22.73% 23.13% 30.0%
Net Earnings $59.95M $48.68M $205.3M
YoY Change 87.92% -19.21% -8.25%
Net Earnings / Revenue 8.69% 7.06% 7.4%
Basic Earnings Per Share $0.99 $3.39
Diluted Earnings Per Share $0.98 $0.80 $3.36
COMMON SHARES
Basic Shares Outstanding 60.34M shares 60.23M shares
Diluted Shares Outstanding 60.99M shares 60.66M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.50M $102.0M $102.0M
YoY Change -6.79% 41.62% 41.62%
Cash & Equivalents $76.50M $102.0M $102.0M
Short-Term Investments
Other Short-Term Assets $70.09M $55.89M $117.7M
YoY Change -0.34% -18.82% -6.24%
Inventory $405.6M $392.9M $392.9M
Prepaid Expenses $60.42M $61.77M
Receivables $430.1M $385.2M $385.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.043B $997.7M $997.7M
YoY Change -1.69% 0.92% 0.92%
LONG-TERM ASSETS
Property, Plant & Equipment $290.4M $294.3M $389.9M
YoY Change 2.33% 3.55% 3.63%
Goodwill $1.587B $1.588B
YoY Change 1.45% 3.83%
Intangibles $484.2M $499.5M
YoY Change -6.59% -3.41%
Long-Term Investments $30.63M
YoY Change 7.38%
Other Assets $329.0M $353.1M $353.1M
YoY Change 1.33% 3.21% 3.21%
Total Long-Term Assets $2.785B $2.831B $2.831B
YoY Change -0.13% 2.37% 2.37%
TOTAL ASSETS
Total Short-Term Assets $1.043B $997.7M $997.7M
Total Long-Term Assets $2.785B $2.831B $2.831B
Total Assets $3.827B $3.829B $3.829B
YoY Change -0.56% 1.99% 1.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $338.4M $306.6M $306.6M
YoY Change -4.77% -3.06% -3.06%
Accrued Expenses $292.9M $313.5M $251.0M
YoY Change 6.48% 9.88% 7.51%
Deferred Revenue $29.55M $31.25M
YoY Change 4.33% 20.65%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $631.3M $620.1M $620.1M
YoY Change 0.14% 3.08% 3.08%
LONG-TERM LIABILITIES
Long-Term Debt $992.8M $1.018B $1.018B
YoY Change -18.41% -16.46% -16.46%
Other Long-Term Liabilities $521.0M $542.8M $423.4M
YoY Change -4.15% -0.46% 4.37%
Total Long-Term Liabilities $1.514B $1.561B $1.441B
YoY Change -14.01% -11.51% -11.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $631.3M $620.1M $620.1M
Total Long-Term Liabilities $1.514B $1.561B $1.441B
Total Liabilities $2.145B $2.181B $2.221B
YoY Change -10.28% -7.8% -7.6%
SHAREHOLDERS EQUITY
Retained Earnings $406.9M $350.6M
YoY Change 116.3% 120.16%
Common Stock $60.00K $60.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.641B $1.607B $1.607B
YoY Change
Total Liabilities & Shareholders Equity $3.827B $3.829B $3.829B
YoY Change -0.56% 1.99% 1.99%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $59.95M $48.68M $205.3M
YoY Change 87.92% -19.21% -8.25%
Depreciation, Depletion And Amortization $16.39M $17.94M $75.03M
YoY Change -25.07% 3.85% 13.73%
Cash From Operating Activities $44.47M $122.4M $330.5M
YoY Change 16.81% 33.85% 54.18%
INVESTING ACTIVITIES
Capital Expenditures $7.414M $19.31M $48.18M
YoY Change -3.83% 5.84% 19.72%
Acquisitions $18.07M $18.67M
YoY Change -3.49% -87.48%
Other Investing Activities $1.501M -$571.0K -$14.07M
YoY Change -108.32% -99.62% -90.24%
Cash From Investing Activities -$26.61M -$19.88M -$62.24M
YoY Change 3.36% -88.08% -66.25%
FINANCING ACTIVITIES
Cash Dividend Paid $3.635M $13.34M
YoY Change 19.85% 120.38%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$33.92M -77.53M -$219.7M
YoY Change 381.34% -196.65% -3007.46%
NET CHANGE
Cash From Operating Activities $44.47M 122.4M $330.5M
Cash From Investing Activities -$26.61M -19.88M -$62.24M
Cash From Financing Activities -$33.92M -77.53M -$219.7M
Net Change In Cash -$25.51M 24.98M $29.98M
YoY Change -354.06% 408.49% -2.71%
FREE CASH FLOW
Cash From Operating Activities $44.47M $122.4M $330.5M
Capital Expenditures $7.414M $19.31M $48.18M
Free Cash Flow $37.05M $103.1M $282.3M
YoY Change 22.05% 40.83% 62.14%

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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
250737000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
48178000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
40243000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35584000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4600000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5204000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
18665000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
149029000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4885000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-62243000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-184423000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35265000 usd
CY2023 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1000000000 usd
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
CY2023 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
12500000 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
CY2023 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
574150000 usd
CY2022 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
805881000 usd
CY2021 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
673000 usd
CY2023 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
763173000 usd
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
585491000 usd
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
972000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4706000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35584000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4600000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4849000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5204000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
18665000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
149029000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4885000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-62243000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-184423000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1000000000 usd
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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CY2023 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
12500000 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
CY2023 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
574150000 usd
CY2022 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
805881000 usd
CY2021 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
673000 usd
CY2023 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
763173000 usd
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
585491000 usd
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
972000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4706000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2023 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1500000 usd
CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
13342000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
6054000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
0 usd
CY2023 esab Payments To Former Parent Consideration Transferred
PaymentsToFormerParentConsiderationTransferred
0 usd
CY2022 esab Payments To Former Parent Consideration Transferred
PaymentsToFormerParentConsiderationTransferred
1200000000 usd
CY2021 esab Payments To Former Parent Consideration Transferred
PaymentsToFormerParentConsiderationTransferred
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CY2023 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3880000 usd
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3420000 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3713000 usd
CY2023 esab Transfers To From Parent Net
TransfersToFromParentNet
0 usd
CY2022 esab Transfers To From Parent Net
TransfersToFromParentNet
-2847000 usd
CY2021 esab Transfers To From Parent Net
TransfersToFromParentNet
218531000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-221571000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6677000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1901000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
29979000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
30815000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8000000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41209000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
34678000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
132902000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
85659000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1500000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
6054000 usd
CY2023 esab Payments To Former Parent Consideration Transferred
PaymentsToFormerParentConsiderationTransferred
0 usd
CY2022 esab Payments To Former Parent Consideration Transferred
PaymentsToFormerParentConsiderationTransferred
1200000000 usd
CY2021 esab Payments To Former Parent Consideration Transferred
PaymentsToFormerParentConsiderationTransferred
0 usd
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3420000 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3713000 usd
CY2023 esab Transfers To From Parent Net
TransfersToFromParentNet
0 usd
CY2022 esab Transfers To From Parent Net
TransfersToFromParentNet
-2847000 usd
CY2021 esab Transfers To From Parent Net
TransfersToFromParentNet
218531000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-219717000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7557000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-18555000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6677000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1901000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
29979000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
30815000 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
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49209000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102003000 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
CY2023 us-gaap Interest Paid Net
InterestPaidNet
79148000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
34678000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
132902000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
85659000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023 us-gaap Fiscal Period
FiscalPeriod
<div style="text-align:justify;text-indent:18pt"><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 three quarters end on the last business day of the 13th week after the end of the prior quarter.</span></div>
CY2023 us-gaap Fiscal Period
FiscalPeriod
<div style="text-align:justify;text-indent:18pt"><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 three quarters end on the last business day of the 13th week after the end of the prior quarter.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company makes certain estimates and assumptions in preparing its Consolidated and Combined 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 Financial Statements and the reported amounts of revenues and expenses for the periods presented. Actual results may differ from those estimates.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company makes certain estimates and assumptions in preparing its Consolidated and Combined 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 at the date of the Consolidated and Combined Financial Statements and the reported amounts of revenues and expenses for the period presented. Actual results may differ from those estimates.</span></div>
CY2023 esab Revenue From Contract With Customer Contract Costs Period
RevenueFromContractWithCustomerContractCostsPeriod
P1Y
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
38800000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
36000000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
39700000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company makes certain estimates and assumptions in preparing its Consolidated and Combined 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 Financial Statements and the reported amounts of revenues and expenses for the periods presented. Actual results may differ from those estimates.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company makes certain estimates and assumptions in preparing its Consolidated and Combined 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 at the date of the Consolidated and Combined Financial Statements and the reported amounts of revenues and expenses for the period presented. Actual results may differ from those estimates.</span></div>
CY2023 esab Revenue From Contract With Customer Contract Costs Period
RevenueFromContractWithCustomerContractCostsPeriod
P1Y
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
36000000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
39700000 usd
CY2023Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
107800000 usd
CY2022Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
131100000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
47600000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
40100000 usd
CY2023Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
107800000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
47600000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
40100000 usd
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reporting_unit
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reporting_unit
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reporting_unit
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reporting_unit
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 reporting_unit
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Interest Income Operating
InterestIncomeOperating
8700000 usd
CY2022 us-gaap Interest Income Operating
InterestIncomeOperating
700000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
13108000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2706000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2386000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
25900000 usd
CY2023 us-gaap Interest Income Operating
InterestIncomeOperating
8700000 usd
CY2022 us-gaap Interest Income Operating
InterestIncomeOperating
700000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
13108000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2706000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2386000 usd
CY2023 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-15200000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2774766000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2593480000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2428115000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
31200000 usd
CY2023 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-15200000 usd
CY2022 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-23100000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2774766000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2593480000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2428115000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
31200000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
25900000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22300000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22300000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
23471000 usd
CY2023 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
3902000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2289000 usd
CY2023 esab Accounts Receivable Allowance For Credit Loss Foreign Currency Translation
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation
393000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
25477000 usd
CY2023 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
217626000 usd
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
226815000 usd
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
235110000 usd
CY2023 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1555000 usd
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1600000 usd
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
216071000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60233623 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60054930 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60034311 shares
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.75
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
235110000 usd
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.56
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.74
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5700000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4300000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3600000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60034311 shares
CY2023 esab Tax Matters Agreement Percentage Of Liable Taxes In A Joint Return
TaxMattersAgreementPercentageOfLiableTaxesInAJointReturn
0.50
CY2023 esab Tax Matters Agreement Percentage Of Installment Obligation Liable By Former Parent
TaxMattersAgreementPercentageOfInstallmentObligationLiableByFormerParent
0.50
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
23471000 usd
CY2023 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
3902000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2289000 usd
CY2023 esab Accounts Receivable Allowance For Credit Loss Foreign Currency Translation
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation
393000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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25477000 usd
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CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
156583000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
153099000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
43561000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
244580000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
261902000 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
444724000 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
459087000 usd
CY2022Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
2168000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
47587000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
40090000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
392858000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
416829000 usd
CY2023Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.274
CY2022Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.315
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
25400000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
21300000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
23000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
25769000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20540000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14366000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9938000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8645000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
32190000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
111448000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12045000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
99403000 usd
CY2023Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P6Y7M13D
CY2023Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.035
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
45681000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
144662000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
49615000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
161500000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
97052000 usd
CY2023Q4 esab Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
52589000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
74794000 usd
CY2022Q4 esab Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
57438000 usd
CY2023Q4 esab Accrued Asbestos Liability Current
AccruedAsbestosLiabilityCurrent
32908000 usd
CY2023Q4 esab Asbestos Liability Noncurrent
AsbestosLiabilityNoncurrent
234796000 usd
CY2022Q4 esab Accrued Asbestos Liability Current
AccruedAsbestosLiabilityCurrent
30108000 usd
CY2022Q4 esab Asbestos Liability Noncurrent
AsbestosLiabilityNoncurrent
230581000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
31248000 usd
CY2023Q4 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
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22794000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
76609000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18664000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
76163000 usd
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
12606000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
25769000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20540000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14366000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8645000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
32190000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
111448000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12045000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
99403000 usd
CY2023Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P6Y7M13D
CY2023Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.035
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
144662000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
49615000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
161500000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
97052000 usd
CY2023Q4 esab Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
52589000 usd
CY2022Q4 esab Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
57438000 usd
CY2023Q4 esab Accrued Asbestos Liability Current
AccruedAsbestosLiabilityCurrent
32908000 usd
CY2023Q4 esab Asbestos Liability Noncurrent
AsbestosLiabilityNoncurrent
234796000 usd
CY2022Q4 esab Accrued Asbestos Liability Current
AccruedAsbestosLiabilityCurrent
30108000 usd
CY2022Q4 esab Asbestos Liability Noncurrent
AsbestosLiabilityNoncurrent
230581000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
31248000 usd
CY2023Q4 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
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22794000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
76609000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18664000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
76163000 usd
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
12606000 usd
CY2023Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
0 usd
CY2022Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
0 usd
CY2023Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
18711000 usd
CY2023Q4 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
CY2023Q4 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
CY2023Q4 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
354000 usd
CY2022Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
7533000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
47144000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
47436000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
19372000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
313489000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
542833000 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
CY2023Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5794000 usd
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5322000 usd
CY2023Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3097000 usd
CY2022 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
2821000 usd
CY2023Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
10710000 usd
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
9680000 usd
CY2023 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
1278000 usd
CY2022 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 usd
CY2023 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-201000 usd
CY2022 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
471000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12606000 usd
CY2022Q4 esab Defined Benefit Plan Number Of Plans Merged
DefinedBenefitPlanNumberOfPlansMerged
2 plan
CY2022Q4 esab Defined Benefit Plan Number Of Plans After Merging Plans
DefinedBenefitPlanNumberOfPlansAfterMergingPlans
1 plan
CY2023 esab Defined Benefit Plan Plan Assets Contributions By Employer From Refund Of Assets
DefinedBenefitPlanPlanAssetsContributionsByEmployerFromRefundOfAssets
5100000 usd
CY2023Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
50700000 usd
CY2023Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
3900000 usd
CY2022Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
201100000 usd
CY2022Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
149800000 usd
CY2023Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsAccumulatedBenefitObligation
55600000 usd
CY2023Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Plan Assets
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets
7000000 usd
CY2022Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsAccumulatedBenefitObligation
206800000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
5200000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
427000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 usd
CY2023Q4 esab Accrued Third Party Commisions Noncurrent
AccruedThirdPartyCommisionsNoncurrent
0 usd
CY2022Q4 esab Accrued Third Party Commisions Noncurrent
AccruedThirdPartyCommisionsNoncurrent
0 usd
CY2023Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
5345000 usd
CY2023Q4 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
354000 usd
CY2022Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
7533000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
47144000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
33823000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
19372000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
313489000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
542833000 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
CY2023Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5794000 usd
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5322000 usd
CY2023Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3097000 usd
CY2022 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
2821000 usd
CY2023Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
10710000 usd
CY2023 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
1278000 usd
CY2022 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 usd
CY2023 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-201000 usd
CY2022 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
471000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12606000 usd
CY2022Q4 esab Defined Benefit Plan Number Of Plans Merged
DefinedBenefitPlanNumberOfPlansMerged
2 plan
CY2022Q4 esab Defined Benefit Plan Number Of Plans After Merging Plans
DefinedBenefitPlanNumberOfPlansAfterMergingPlans
1 plan
CY2023 esab Defined Benefit Plan Plan Assets Contributions By Employer From Refund Of Assets
DefinedBenefitPlanPlanAssetsContributionsByEmployerFromRefundOfAssets
5100000 usd
CY2023Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
50700000 usd
CY2023Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
3900000 usd
CY2022Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
201100000 usd
CY2023Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsAccumulatedBenefitObligation
55600000 usd
CY2023Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Plan Assets
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets
7000000 usd
CY2022Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsAccumulatedBenefitObligation
206800000 usd
CY2022Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Plan Assets
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets
154100000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1019500000 usd
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
9680000 usd
CY2023 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
1278000 usd
CY2022 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 usd
CY2023 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-201000 usd
CY2022 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
471000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12606000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12946000 usd
CY2022Q4 esab Defined Benefit Plan Number Of Plans Merged
DefinedBenefitPlanNumberOfPlansMerged
2 plan
CY2022Q4 esab Defined Benefit Plan Number Of Plans After Merging Plans
DefinedBenefitPlanNumberOfPlansAfterMergingPlans
1 plan
CY2023 esab Defined Benefit Plan Plan Assets Contributions By Employer From Refund Of Assets
DefinedBenefitPlanPlanAssetsContributionsByEmployerFromRefundOfAssets
5100000 usd
CY2023Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
50700000 usd
CY2023Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
3900000 usd
CY2022Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
201100000 usd
CY2022Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
149800000 usd
CY2023Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsAccumulatedBenefitObligation
55600000 usd
CY2023Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Plan Assets
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets
7000000 usd
CY2022Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsAccumulatedBenefitObligation
206800000 usd
CY2022Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Plan Assets
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets
154100000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
5200000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
7600000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
7900000 usd
CY2023Q4 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.075
CY2023Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.040
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
7600000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8700000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
7900000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1019500000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1221000000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1018057000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1218643000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
28600000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2300000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2300000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2022 esab Adjusted Earnings Before Interest Taxes And Amortization
AdjustedEarningsBeforeInterestTaxesAndAmortization
436754000 usd
CY2021 esab Adjusted Earnings Before Interest Taxes And Amortization
AdjustedEarningsBeforeInterestTaxesAndAmortization
404081000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
30633000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
28527000 usd
CY2023Q4 us-gaap Assets
Assets
3828629000 usd
CY2022Q4 us-gaap Assets
Assets
3754015000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
294305000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
284226000 usd
CY2023Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
3600000 usd
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
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false
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NonRule10b51ArrTrmntdFlag
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
80409000 usd
CY2023 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
85074000 usd
CY2022 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
37950000 usd
CY2022 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
9136000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
23096000 usd
CY2021 us-gaap Restructuring Charges
RestructuringCharges
18954000 usd
CY2023 us-gaap Severance Costs1
SeveranceCosts1
0 usd
CY2022 us-gaap Severance Costs1
SeveranceCosts1
15545000 usd
CY2021 us-gaap Severance Costs1
SeveranceCosts1
2865000 usd
CY2023 esab Amortization Of Acquired Intangible Assets And Acquisition Costs
AmortizationOfAcquiredIntangibleAssetsAndAcquisitionCosts
36851000 usd
CY2021 esab Amortization Of Acquired Intangible Assets And Acquisition Costs
AmortizationOfAcquiredIntangibleAssetsAndAcquisitionCosts
35949000 usd
CY2023 esab Depreciation And Other Amortization
DepreciationAndOtherAmortization
35975000 usd
CY2021 esab Depreciation And Other Amortization
DepreciationAndOtherAmortization
38462000 usd
CY2023 esab Adjusted Earnings Before Interest Taxes And Amortization
AdjustedEarningsBeforeInterestTaxesAndAmortization
501102000 usd
CY2022 esab Adjusted Earnings Before Interest Taxes And Amortization
AdjustedEarningsBeforeInterestTaxesAndAmortization
436754000 usd
CY2021 esab Adjusted Earnings Before Interest Taxes And Amortization
AdjustedEarningsBeforeInterestTaxesAndAmortization
404081000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
30633000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
28527000 usd
CY2023Q4 us-gaap Assets
Assets
3828629000 usd
CY2022Q4 us-gaap Assets
Assets
3754015000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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294305000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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284226000 usd
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3600000 usd
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3828629000 usd
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3754015000 usd
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294305000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
284226000 usd
CY2023Q4 us-gaap Dividends Payable Current
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3600000 usd
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
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CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
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esab-20231231_def.xml Edgar Link unprocessable