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CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Sep. 29, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 680,996 $ 620,265 $ 2,085,418 $ 1,929,353
Cost of sales 431,282 410,927 1,324,392 1,268,212
Gross profit 249,714 209,338 761,026 661,141
Selling, general and administrative expense 145,439 121,668 442,836 394,026
Restructuring and other related charges 3,129 6,676 17,742 16,629
Operating income 101,146 80,994 300,448 250,486
Pension settlement gain 0 (3,300) 0 (3,300)
Interest expense and other, net 20,502 12,165 58,831 19,516
Income from continuing operations before income taxes 80,644 72,129 241,617 234,270
Income tax expense 19,808 17,836 77,806 63,629
Net income from continuing operations 60,836 54,293 163,811 170,641
Loss from discontinued operations, net of taxes (1,723) (977) (4,259) (4,898)
Net income 59,113 53,316 159,552 165,743
Less: Income attributable to noncontrolling interest, net of taxes 1,543 962 4,506 2,703
Net income attributable to ESAB Corporation $ 57,570 $ 52,354 $ 155,046 $ 163,040
Earnings (loss) per share – basic        
Income from continuing operations (in dollars per share) $ 0.98 $ 0.88 $ 2.63 $ 2.78
Loss on discontinued operations (in dollars per share) (0.03) (0.02) (0.07) (0.08)
Net income per share (in dollars per share) 0.95 0.86 2.56 2.70
Earnings (loss) per share – diluted        
Income from continuing operations (in dollars per share) 0.97 0.88 2.61 2.77
Loss on discontinued operations (in dollars per share) (0.03) (0.02) (0.07) (0.08)
Net income per share - diluted (in dollars per share) $ 0.94 $ 0.86 $ 2.54 $ 2.69