ESAB Corp

Listed Company

ESABCIK 0001877322NYSELarge AcceleratedGeneral Industrial Machinery & Equipment, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.84B

Net Income

$226.77M

Total Assets

$4.77B

Equity

$2.17B

Shares Out

60.73M

Op. Cash Flow

$260.57M

Business

ESAB Corp is a focused premier industrial compounder that formulates, develops, manufactures and supplies fabrication technology, equipment and consumable products. It offers welding and cutting consumables, advanced cutting and joining equipment, gas control products, welding robotics, automation, software and related services. The company reports operations through two segments: Americas and EMEA & APAC, and applies its ESAB Business Excellence (EBX) system across operations. ESAB markets its products worldwide—notably in Europe, Asia Pacific, South America, the Middle East and North America—through direct sales and independent distributors.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

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