| Schedule of financial information for the reportable segments |
| | | | | | | | | | | | | | | | | | | | | The Harris | | | | | | Americas | | International | | Products | | | | | | Welding | | Welding | | Group | | Total | Three Months Ended June 30, 2026 | | | | | | | | | | | | | Net sales | | $ | 774,438 | | $ | 243,292 | | $ | 201,933 | | $ | 1,219,663 | Inter-segment sales | | | 28,904 | | | 7,564 | | | 4,972 | | | 41,440 | | | | 803,342 | | | 250,856 | | | 206,905 | | | 1,261,103 | Reconciliation to Consolidated Net sales | | | | | | | | | | | | | Elimination of inter-segment sales | | | | | | | | | | | | (41,440) | Net sales | | | | | | | | | | | $ | 1,219,663 | Cost of goods sold | | | 486,477 | | | 175,789 | | | 148,938 | | | | Other segment expenses (1) (3) | | | 159,782 | | | 50,754 | | | 15,901 | | | | Addback: Special items charge (1) | | | (1,012) | | | (2,282) | | | (187) | | | | Segment Adjusted EBIT | | $ | 158,095 | | $ | 26,595 | | $ | 42,253 | | $ | 226,943 | | | | | | | | | | | | | | Other Segment Information | | | | | | | | | | | | | Capital expenditures | | $ | (21,958) | | $ | (6,370) | | $ | (3,109) | | $ | (31,437) | Depreciation and amortization | | | 17,868 | | | 6,671 | | | 2,590 | | | 27,129 | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | | | | | | | | | | | | Net sales | | $ | 696,730 | | $ | 232,824 | | $ | 159,119 | | $ | 1,088,673 | Inter-segment sales | | | 43,391 | | | 7,641 | | | 5,110 | | | 56,142 | | | | 740,121 | | | 240,465 | | | 164,229 | | | 1,144,815 | Reconciliation to Consolidated Net sales | | | | | | | | | | | | | Elimination of inter-segment sales | | | | | | | | | | | | (56,142) | Net sales | | | | | | | | | | | $ | 1,088,673 | Cost of goods sold | | | 449,197 | | | 170,287 | | | 117,975 | | | | Other segment expenses (2) (3) | | | 153,914 | | | 41,179 | | | 14,456 | | | | Addback: Special items charge (2) | | | (905) | | | (1,551) | | | (86) | | | | Segment Adjusted EBIT | | $ | 137,915 | | $ | 30,550 | | $ | 31,884 | | $ | 200,349 | | | | | | | | | | | | | | Other Segment Information | | | | | | | | | | | | | Capital expenditures | | $ | (19,972) | | $ | (4,609) | | $ | (862) | | $ | (25,443) | Depreciation and amortization | | | 17,139 | | | 5,485 | | | 2,598 | | | 25,222 |
| (1) | In the three months ended June 30, 2026, special items within Other segment expenses primarily include Rationalization and asset impairment net charges of $1,012, $2,282, and $187 in Americas Welding, International Welding, and The Harris Products Group, respectively, as discussed in Note 6. |
| (2) | In the three months ended June 30, 2025, special items within Other segment expenses primarily include Rationalization and asset impairment net charges of $905, $1,551, and $86 in Americas Welding, International Welding, and The Harris Products Group, respectively, as discussed in Note 6. |
| (3) | Other segment expenses primarily include: |
| a. | Selling, general & administrative expenses – including bonus and research and development expenses. |
| b. | Rationalization and asset impairment net charges – refer to Note 6 for further discussion. |
| | | | | | | | | | | | | | | | | | | | | The Harris | | | | | | Americas | | International | | Products | | | | | | Welding | | Welding | | Group | | Total | Six Months Ended June 30, 2026 | | | | | | | | | | | | | Net sales | | $ | 1,480,663 | | $ | 470,327 | | $ | 390,107 | | $ | 2,341,097 | Inter-segment sales | | | 65,613 | | | 13,371 | | | 9,636 | | | 88,620 | | | | 1,546,276 | | | 483,698 | | | 399,743 | | | 2,429,717 | Reconciliation to Consolidated Net sales | | | | | | | | | | | | | Elimination of inter-segment sales | | | | | | | | | | | | (88,620) | Net sales | | | | | | | | | | | $ | 2,341,097 | Cost of goods sold | | | 951,367 | | | 342,873 | | | 286,538 | | | | Other segment expenses (1) (3) | | | 310,931 | | | 95,622 | | | 30,148 | | | | Addback: Special items charge (1) | | | (1,585) | | | (4,054) | | | (5) | | | | Segment Adjusted EBIT | | $ | 285,563 | | $ | 49,257 | | $ | 83,062 | | $ | 417,882 | | | | | | | | | | | | | | Other Segment Information | | | | | | | | | | | | | Capital expenditures | | $ | (48,941) | | $ | (15,685) | | $ | (5,974) | | $ | (70,600) | Depreciation and amortization | | | 35,642 | | | 13,353 | | | 5,239 | | | 54,234 | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | | | | | | | | | | | | Net sales | | $ | 1,349,837 | | $ | 451,885 | | $ | 291,339 | | $ | 2,093,061 | Inter-segment sales | | | 73,763 | | | 14,473 | | | 9,094 | | | 97,330 | | | | 1,423,600 | | | 466,358 | | | 300,433 | | | 2,190,391 | Reconciliation to Consolidated Net sales | | | | | | | | | | | | | Elimination of inter-segment sales | | | | | | | | | | | | (97,330) | Net sales | | | | | | | | | | | $ | 2,093,061 | Cost of goods sold | | | 866,897 | | | 333,729 | | | 215,948 | | | | Other segment expenses (2) (3) | | | 297,630 | | | 82,030 | | | 28,536 | | | | Addback: Special items charge (2) | | | (3,040) | | | (2,963) | | | (264) | | | | Segment Adjusted EBIT | | $ | 262,113 | | $ | 53,562 | | $ | 56,213 | | $ | 371,888 | | | | | | | | | | | | | | Other Segment Information | | | | | | | | | | | | | Capital expenditures | | $ | (41,738) | | $ | (8,216) | | $ | (2,438) | | $ | (52,392) | Depreciation and amortization | | | 33,253 | | | 10,863 | | | 5,261 | | | 49,377 |
| (1) | In the six months ended June 30, 2026, special items within Other segment expenses primarily include Rationalization and asset impairment net charges of $1,585, $4,054, and $5 in Americas Welding, International Welding, and The Harris Products Group, respectively, as discussed in Note 6. |
| (2) | In the six months ended June 30, 2025, special items within Other segment expenses primarily include Rationalization and asset impairment net charges of $3,040, $3,103, and $264 in Americas Welding, International Welding, and The Harris Products Group, respectively, as discussed in Note 6. |
| (3) | Other segment expenses primarily include: |
| a. | Selling, general & administrative expenses – including bonus and research and development expenses. |
| b. | Rationalization and asset impairment net charges – refer to Note 6 for further discussion. |
| | | | | | | | | | | | | | Three Months Ended June 30, | | | Six Months Ended June 30, | | | 2026 | | | 2025 | | | | 2026 | | | 2025 | Reconciliation of Segment Adjusted EBIT to Consolidated Income before income taxes | | | | | | | | | | | | | Segment Adjusted EBIT | $ | 226,943 | | $ | 200,349 | | | $ | 417,882 | | $ | 371,888 | Addback: Segment special items charge | | (3,481) | | | (2,542) | | | | (5,644) | | | (6,267) | Corporate special items charge (1) | | (15) | | | (429) | | | | (668) | | | (1,231) | Elimination of inter-segment profit | | (903) | | | (1,809) | | | | (811) | | | (2,822) | Unallocated corporate expenses, net | | (2,141) | | | 609 | | | | (3,628) | | | (28) | Interest income | | 1,802 | | | 1,662 | | | | 3,187 | | | 3,917 | Interest expense | | (14,323) | | | (14,281) | | | | (29,082) | | | (28,663) | Consolidated Income before income taxes | $ | 207,882 | | $ | 183,559 | | | $ | 381,236 | | $ | 336,794 | | | | | | | | | | | | | | Reconciliation of Other Segment Information to Consolidated Information | | | | | | | | | | | | | Capital expenditures | | | | | | | | | | | | | Segment totals | $ | (31,437) | | $ | (25,443) | | | $ | (70,600) | | $ | (52,392) | Adjustments | | — | | | — | | | | — | | | — | Consolidated totals | $ | (31,437) | | $ | (25,443) | | | $ | (70,600) | | $ | (52,392) | | | | | | | | | | | | | | Depreciation and amortization | | | | | | | | | | | | | Segment totals | $ | 27,129 | | $ | 25,222 | | | $ | 54,234 | | $ | 49,377 | Adjustments | | (1,160) | | | (760) | | | | (2,256) | | | (1,131) | Consolidated totals | $ | 25,969 | | $ | 24,462 | | | $ | 51,978 | | $ | 48,246 | | | | | | | | | | | | | | (1) Corporate special items primarily include transaction costs. | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | Reconciliation of Segment Assets to Consolidated Assets | | | | | | | | | | | | | Americas Welding | | | | | | | | $ | 2,536,957 | | $ | 2,464,376 | International Welding | | | | | | | | | 1,165,674 | | | 1,244,117 | The Harris Products Group | | | | | | | | | 475,648 | | | 431,259 | Total Segment Assets | | | | | | | | | 4,178,279 | | | 4,139,752 | Corporate Assets | | | | | | | | | 41,871 | | | 41,033 | LIFO reserve not allocated to segments | | | | | | | | | (143,613) | | | (138,589) | Eliminations | | | | | | | | | (263,227) | | | (264,619) | Total Consolidated Assets | | | | | | | | $ | 3,813,310 | | $ | 3,777,577 |
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