| Schedule of Earnings Per Share from Continuing Operations |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | July 3, 2026 | | July 4, 2025 | | July 3, 2026 | | July 4, 2025 | | (In thousands, except share and per share data) | | Computation of earnings per share from continuing operations – basic: | | | | | | | | Income from continuing operations attributable to ESAB Corporation(1) | $ | 34,767 | | | $ | 68,591 | | | $ | 84,965 | | | $ | 138,686 | | | Distributed and undistributed earnings allocated to non-vested shares | (173) | | | (166) | | | (427) | | | (415) | | | | | | | | | | | Mandatory convertible preferred stock dividends | (1,390) | | | — | | | (1,390) | | | — | | | Income from continuing operations attributable to common stockholders | $ | 33,204 | | | $ | 68,425 | | | $ | 83,148 | | | $ | 138,271 | | | Weighted-average shares of Common stock outstanding – basic | 61,333,967 | | | 60,739,891 | | | 61,057,590 | | | 60,651,238 | | | Income per share from continuing operations – basic | $ | 0.54 | | | $ | 1.13 | | | $ | 1.36 | | | $ | 2.28 | | | | | | | | | | | Computation of earnings per share from continuing operations – diluted: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Income from continuing operations attributable to common stockholders | $ | 33,204 | | | $ | 68,425 | | | $ | 83,148 | | | $ | 138,271 | | | Weighted-average shares of Common stock outstanding – basic | 61,333,967 | | | 60,739,891 | | | 61,057,590 | | | 60,651,238 | | Net effect of potentially dilutive securities(2) | 296,633 | | | 572,853 | | | 390,625 | | | 645,694 | | | Weighted-average shares of Common stock outstanding – dilution | 61,630,600 | | | 61,312,744 | | | 61,448,215 | | | 61,296,932 | | | Net income per share from continuing operations – diluted | $ | 0.54 | | | $ | 1.12 | | | $ | 1.35 | | | $ | 2.26 | |
(1) Net income from continuing operations attributable to ESAB Corporation for the respective periods is calculated using Net income from continuing operations, less Income attributable to noncontrolling interest, net of taxes, of $1.6 million and $3.2 million for the three and six months ended July 3, 2026, respectively, and $1.2 million and $3.7 million for the three and six months ended July 4, 2025, respectively. (2) Potentially dilutive securities include stock options, performance-based restricted stock units and non-performance-based restricted stock units.
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