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CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 7 Months Ended 9 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Dec. 31, 2021
Sep. 30, 2022
Oct. 01, 2021
Net sales $ 620,265 $ 605,968 $ 59,921 $ 1,929,353 $ 1,803,900
Cost of sales 410,927 398,973   1,268,212 1,178,719
Gross profit 209,338 206,995   661,141 625,181
Selling, general and administrative expense 121,668 124,104   394,026 381,225
Restructuring and other related charges 6,676 4,227   16,629 10,791
Operating income 80,994 78,664   250,486 233,165
Pension settlement gain (3,300) 0   (3,300) (11,208)
Interest expense (income) and other, net 12,165 (209)   19,516 (748)
Income before income taxes 72,129 78,873 11,907 234,270 245,121
Income tax expense 17,836 17,441 5,039 63,629 47,043
Net income from continuing operations 54,293 61,432   170,641 198,078
Loss from discontinued operations, net of taxes (977) 0   (4,898) 0
Net income 53,316 61,432   165,743 198,078
Less: Income attributable to noncontrolling interest, net of taxes 962 818   2,703 2,399
Net income attributable to ESAB Corporation $ 52,354 $ 60,614   $ 163,040 $ 195,679
Earnings (loss) per share—basic          
Income from continuing operations $ 0.88 $ 1.01   $ 2.78 $ 3.26
Loss on discontinued operations (0.02) 0   (0.08) 0
Net income per share 0.86 1.01   2.7 3.26
Earnings (loss) per share—diluted          
Income from continuing operations 0.88 1.01   2.77 3.26
Loss on discontinued operations (0.02) 0   (0.08) 0
Net income per share—diluted $ 0.86 $ 1.01   $ 2.69 $ 3.26
ESAB Corporation          
Net sales     59,921    
Cost of sales     36,435    
Gross profit     23,486    
Selling, general and administrative expense     11,375    
Operating income     12,111    
Interest expense     204    
Income tax expense     5,039    
Net income from continuing operations     11,907    
Net income     6,868    
Net income attributable to ESAB Corporation     $ 6,868