v3.25.2
Segment Information
 6 Months Ended
Jul. 04, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
ESAB is a focused premier industrial compounder. ESAB provides its partners with fabrication technology advanced equipment, consumables, gas control equipment, welding robotics and digital solutions. The Company conducts its operations through two reportable segments. These segments consist of the “Americas,” which includes operations in North America and South America, and “EMEA & APAC,” which includes Europe, Middle East, India, Africa and Asia Pacific.

The Company’s management considers its Chief Operating Decision Maker (“CODM”) as Shyam Kambeyanda, President, Chief Executive Officer and Director. The Company’s management and CODM evaluate the operating results of each reportable segment, including assessment of profit or loss, performance and allocation of resources, based upon Net sales and Adjusted EBITDA, which represents Net income from continuing operations excluding the impact of Income tax expense, Interest expense and other, net, Pension settlement loss, Restructuring and other related charges, acquisition - amortization and other related charges and depreciation and other amortization. Segment results reflect the allocation of overhead costs, which primarily consist of Selling, general and administrative expense.
The Company’s segment results were as follows:
Three Months EndedSix Months Ended
July 4, 2025June 28, 2024July 4, 2025June 28, 2024
(In thousands)
Net sales:
Americas$282,729 $309,765 $563,394 $605,812 
EMEA & APAC432,857 397,288 830,330 790,985 
$715,586 $707,053 $1,393,724 $1,396,797 
Cost of sales:
Americas$171,558 $186,895 $342,166 $371,891 
EMEA & APAC277,981 249,843 530,309 499,564 
$449,539 $436,738 $872,475 $871,455 
Allocated operating expense:
Americas$10,077 $15,982 $27,517 $33,719 
EMEA & APAC24,365 24,197 51,159 50,679 
$34,442 $40,179 $78,676 $84,398 
Other operating expense:
Americas$44,331 $42,204 $82,428 $81,420 
EMEA & APAC43,776 46,959 82,747 89,414 
$88,107 $89,163 $165,175 $170,834 
Adjusted EBITDA(1):
Americas$56,763 $64,684 $111,283 $118,782 
EMEA & APAC86,735 76,289 166,115 151,328 
$143,498 $140,973 $277,398 $270,110 
Depreciation, amortization and other impairment charges:
Americas$8,644 $7,655 $16,848 $15,504 
EMEA & APAC10,711 8,888 19,998 17,426 
$19,355 $16,543 $36,846 $32,930 
Capital expenditures:
Americas$4,381 $3,942 $8,116 $6,229 
EMEA & APAC4,799 5,081 8,358 10,208 
$9,180 $9,023 $16,474 $16,437 
(1) The following is a reconciliation of Net income from continuing operations to Adjusted EBITDA.
Three Months EndedSix Months Ended
July 4, 2025June 28, 2024July 4, 2025June 28, 2024
(In thousands)
Net income from continuing operations$69,812 $85,530 $142,376 $148,433 
Income tax expense 18,283 17,885 38,782 36,389 
Interest expense and other, net20,999 15,940 37,781 33,031 
Pension settlement loss— — — 12,155 
Restructuring and other related charges(1)
1,390 4,773 5,889 6,697 
Acquisition - amortization and other related charges(2)
21,592 7,730 31,193 15,507 
Depreciation and other amortization11,422 9,115 21,377 17,898 
Adjusted EBITDA$143,498 $140,973 $277,398 $270,110 
(1) Includes severance and other termination benefits, including outplacement services, as well as the cost of relocating associates, relocating equipment, lease termination expenses, impairment of long-lived assets and other costs in connection with the closure and optimization of facilities and product lines.
(2) Includes transaction, diligence and integration expenses totaling $12.8 million and $14.2 million for the three and six months ended July 4, 2025, respectively, and $0.5 million and $0.6 million for the three and six months ended June 28, 2024, respectively. Additionally, it includes amortization of intangibles and fair value charges on acquired inventories totaling $8.8 million and $17.0 million three and six months ended July 4, 2025, respectively, and $7.3 million and $14.9 million for the three and six months ended June 28, 2024, respectively.

July 4, 2025December 31, 2024
(In thousands)
Investments in equity method investees:
Americas$— $— 
EMEA & APAC31,270 28,885 
$31,270 $28,885 
Total assets:
Americas$1,811,198 $1,796,167 
EMEA & APAC2,621,165 2,237,808 
$4,432,363 $4,033,975 
Property, plant and equipment, net(1):
United States$72,004 $73,036 
Czech Republic62,285 55,554 
India32,249 31,506 
Mexico22,974 20,495 
Poland19,825 17,227 
Other foreign countries117,348 100,529 
$326,685 $298,347 
(1) As the Company does not allocate all long-lived assets, specifically intangible assets, to each individual country, evaluation of long-lived assets in total is impracticable.