ESAB Corp
Business
ESAB Corporation is an industrial equipment and consumables manufacturer that provides fabrication technology, advanced equipment, cutting and welding robotics, gas control equipment, and digital solutions to customers globally. The company formulates, develops, manufactures and supplies consumables and equipment for joining, cutting and welding applications, serving diverse industrial end markets through direct sales and independent distributors. ESAB operates through two reportable segments: Americas and EMEA & APAC, serving customers in approximately 150 countries with a focus on high-growth markets in developing regions.
Summary from 10-K filed 2026-02-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 2,843 | 2,741 | 2,775 | 2,593 | 2,428 | |
| Cost of sales | 1,794 | 1,703 | 1,759 | 1,708 | 1,590 | |
| Gross profit | 1,048 | 1,037 | 1,016 | 886 | 838 | |
| Selling, general and administrative expense | 608 | 580 | 587 | 533 | 513 | |
| Restructuring and other related charges | 28 | 10 | 24 | 23 | 19 | |
| Operating income | 412 | 447 | 404 | 329 | 306 | |
| Pension settlement loss | 0 | 12 | 0 | −9 | −11 | |
| Interest expense and other, net | 84 | 65 | 85 | 38 | −2 | |
| Income from continuing operations before income taxes | 328 | 370 | 319 | 300 | 319 | |
| Income tax expense | 69 | 77 | 96 | 69 | 80 | |
| Net income from continuing operations | 259 | 293 | 223 | 231 | 239 | |
| Loss from discontinued operations, net of taxes | −26 | −22 | −12 | −3 | 0 | |
| Net income | 233 | 271 | 211 | 228 | 239 | |
| Income attributable to noncontrolling interest, net of taxes | −6 | −6 | −6 | −4 | 4 | |
| Net income attributable to ESAB Corporation | — | — | 205 | 224 | 235 | |
| Net income attributable to ESAB Corporation | 227 | 265 | 205 | 224 | 235 | |
| Income from continuing operations (in dollars per share) | 4.14 | 4.73 | 3.59 | 3.75 | 3.92 | |
| Loss on discontinued operations (in dollars per share) | −0.43 | −0.37 | −0.2 | −0.05 | 0 | |
| Net income per share (in dollars per share) | 3.71 | 4.36 | 3.39 | 3.7 | 3.92 | |
| Income from continuing operations (in dollars per share) | 4.1 | 4.68 | 3.56 | 3.74 | 3.92 | |
| Loss on discontinued operations (in dollars per share) | −0.43 | −0.37 | −0.2 | −0.05 | 0 | |
| Net income per share - diluted (in dollars per share) | 3.67 | 4.31 | 3.36 | 3.69 | 3.92 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 186 | 249 | 102 | 72 | 41 | |
| Trade receivables, less allowance for credit losses of $21,765 and $23,850 | 451 | 370 | 385 | 374 | 383 | |
| Inventories, net | 482 | 404 | 393 | 417 | 420 | |
| Prepaid expenses | 66 | 56 | 62 | 57 | 52 | |
| Other current assets | 77 | 69 | 56 | 69 | 67 | |
| Total current assets | 1,262 | 1,148 | 998 | 989 | 964 | |
| Property, plant and equipment, net | 382 | 298 | 294 | 284 | 286 | |
| Goodwill | 1,950 | 1,652 | 1,588 | 1,530 | 1,533 | |
| Intangible assets, net | 673 | 488 | 500 | 517 | 521 | |
| Lease asset - right of use | 113 | 90 | 96 | 92 | 108 | |
| Other assets | 386 | 357 | 353 | 342 | 49 | |
| Total assets | 4,766 | 4,034 | 3,829 | 3,754 | 3,461 | |
| Current portion of long-term debt | 2 | 15 | 0 | — | — | |
| Accounts payable | 360 | 318 | 307 | 316 | 345 | |
| Accrued liabilities | 302 | 299 | 313 | 285 | 251 | |
| Total current liabilities | 665 | 632 | 620 | 602 | 597 | |
| Long-term debt | 1,233 | 1,061 | 1,018 | 1,219 | 0 | |
| Other liabilities | 657 | 533 | 543 | 545 | 363 | |
| Total liabilities | 2,555 | 2,226 | 2,181 | 2,366 | 960 | |
| Common stock - $0.001 par value - 600,000,000 shares authorized; 60,721,079 and 60,517,574 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 61,000 | 61,000 | 60,000 | 60,000 | 0 | |
| Additional paid-in capital | 1,905 | 1,901 | 1,881 | 1,866 | 0 | |
| Retained earnings | 801 | 597 | 351 | 159 | 0 | |
| Accumulated other comprehensive loss | −540 | −730 | −624 | −675 | −461 | |
| Total ESAB Corporation equity | 2,166 | 1,769 | 1,607 | 1,350 | 2,461 | |
| Noncontrolling interest | 45 | 39 | 40 | 38 | 41 | |
| Total equity | 2,212 | 1,808 | 1,648 | 1,388 | 2,502 | |
| Total liabilities and equity | 4,766 | 4,034 | 3,829 | 3,754 | 3,461 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation, amortization and other impairment charges | 84 | 67 | 75 | 66 | 76 | |
| Net gain on sale of property, plant and equipment | −6 | −986,000 | −2 | 239,000 | −447,000 | |
| Stock-based compensation expense | 17 | 20 | 16 | 13 | 6 | |
| Deferred income tax benefit | −36 | −3 | −25 | −20 | −9 | |
| Non-cash interest expense | 3 | 3 | 1 | 2 | 0 | |
| Trade receivables, net | −40 | −5 | −6 | −8 | −68 | |
| Inventories, net | −6 | −22 | 18 | −10 | −117 | |
| Accounts payable | 7 | 32 | −20 | −29 | 115 | |
| Other operating assets and liabilities | 4 | −18 | 62 | −18 | 20 | |
| Net cash provided by operating activities | 261 | 355 | 330 | 214 | 251 | |
| Purchases of property, plant and equipment | −47 | −52 | −48 | −40 | −36 | |
| Proceeds from sale of property, plant and equipment | 7 | 4 | 5 | 5 | 5 | |
| Acquisitions, net of cash received | −438 | −154 | −19 | −149 | −5 | |
| Payment for (Proceeds from) Other Investing Activity | −816,000 | −4 | 0 | 0 | — | |
| Net cash used in investing activities | −480 | −206 | −62 | −184 | −35 | |
| Proceeds from borrowings on Senior Notes | 0 | 700 | 0 | 0 | — | |
| Repayments of borrowings on Term Loan | −385 | −603 | −13 | 0 | 0 | |
| Proceeds from borrowings on Term Loan | 350 | 0 | 0 | 1,000 | 0 | |
| Proceeds from borrowings on revolving credit facilities and other | 411 | 205 | 574 | 806 | 673,000 | |
| Repayments of borrowings on revolving credit facilities and other | −217 | −237 | −763 | −585 | 0 | |
| Payment of debt issuance costs | −5 | −10 | 0 | −6 | 0 | |
| Payment of dividends | −22 | −17 | −13 | −6 | 0 | |
| Distributions to noncontrolling interest holders | −4 | −4 | −4 | −3 | −4 | |
| Other financing | −13 | −3 | −972,000 | — | — | |
| Net cash provided by (used in) financing activities | 114 | 32 | −220 | 8 | −222 | |
| Effect of foreign exchange rates on Cash and cash equivalents | 42 | −34 | −19 | −7 | −2 | |
| (Decrease) increase in Cash and cash equivalents | −63 | 147 | 30 | 31 | −8 | |
| Interest payments, net | 67 | 62 | 79 | 35 | 0 | |
| Income tax payments, net | 93 | 95 | 133 | 86 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ESAB Corp's CIK number?
ESAB Corp's SEC CIK number is 0001877322 (1877322). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ESAB Corp's SEC filings?
All of ESAB Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ESAB Corp last report earnings?
ESAB Corp (ESAB) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001877322-26-000032). This is ESAB Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is ESAB Corp's most recent earnings 8-K?
ESAB Corp's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001877322-26-000032. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ESAB Corp's latest earnings 8-K →
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